|Teri Monti, counsel and director of employee relations at the Royal Bank of Canada, speaks at a session on crisis management at the ACC annual meeting.|
The Supreme Court of Canada ruled Thursday in favour of Hudson’s Bay Co., saying it did not have to transfer a portion of the defined-benefit pension plan surplus with the employees when it sold one of its divisions to another company. HBC was also allowed to charge administration expenses into the plan.
Studies have shown the costs to Canadian businesses of employees' abuse of alcohol and drugs while on the job. Ogilvy Renault LLP partner Richard Charney offers some guidance to in-house counsel looking to manage the problem.
With only four months left for Canadian publicly listed companies to fully convert to the International Financial Reporting Standards (IFRS), about half will have to rush to meet the deadline, says a recent study. And the race to the Jan. 1, 2011 conversion will also involve a lot of input and changes from the companies’ lawyers.