M&A in Canada: Duties of the Target Board

This Stikeman Elliott guide is an overview of the duties of directors in the context of a potential change of control transaction. It explains the board's obligations deriving from securities and corporate law as well as from the common law and Quebec's Civil Code. Key issues considered include oppression, defensive tactics, the business judgment rule and the role of independent committees. Download: English (1.2 Mb), French (661.5 Kb)