LAW 534 Lecture Notes - Lecture 10: Sherron Watkins, Enron Scandal, Sun-Times Media Group

• School: Ryerson University
• Department: Law and Business
• Course: LAW 534
• Professor: Andre Serero

Document Summary

Not that (cid:272)hapte(cid:396) 7 (cid:449)as a(cid:271)out (cid:396)isk (cid:373)a(cid:374)age(cid:373)e(cid:374)t f(cid:396)o(cid:373) the (cid:272)o(cid:396)po(cid:396)atio(cid:374)"s pe(cid:396)spe(cid:272)ti(cid:448)e such systems would not necessarily protect individuals. Note practical observations in some cases no clear answers: difficult area to deal with. Note p(cid:396)ofesso(cid:396) glas(cid:271)eek"s o(cid:271)se(cid:396)(cid:448)atio(cid:374)s (cid:396)ega(cid:396)di(cid:374)g i(cid:374)(cid:272)(cid:396)eased (cid:396)a(cid:374)ge of (cid:373)a(cid:374)age(cid:396)ial o(cid:271)ligatio(cid:374)s (cid:449)ith duties (cid:373)ultiplied d(cid:396)a(cid:373)ati(cid:272)all(cid:455) so(cid:272)iet(cid:455) i(cid:374) danger of throwing out the (cid:271)a(cid:271)(cid:455) (cid:449)ith the (cid:271)ath(cid:449)ate(cid:396) . Basically we want to hold people liable but the risk of liability is too high. Good/ strong candidates wont participate they would need tremendous insurance and acceptance of risk. Discussion of hollinger international inc. case with a focus on mark kipnis: Formal creation of compliance officer position within different statutes clarification of obligations and responsibilities. Factors in r. v. bata industries could be used in creation of legislation particularly when determining whether an individual should be responsible for actions of subordinates (see page. Even if not codified in legislation, authors suggestions could be useful even as a o(cid:396)ga(cid:374)izatio(cid:374)"s poli(cid:272)(cid:455)