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Corporate Directors' Duties and Economic Protectionism: The Canadian Experience

An analysis of company law may allow us to abandon a perception that company law is impartial to the political context in which it is applied. This paper argues that state protectionism is reflected in the design of company law. Specifically, states may confer public functions to board of directors through their duties and authorities; in turn, directors’ functions may become barriers to foreign investments.
To illustrate this argument, focus is placed on the duties of Canadian corporate directors and how their functions affect foreign direct investment in Canada. It demonstrates that the public function conferred to corporate directors echoes the State’s policy and regulations governing foreign investment. As a consequence to the redundancy of the public interest rationalization and the lack of political will to affect real market openness, unnecessary barriers are being placed for market access which may ultimately render Canada less attractive for foreign investors.

Identiferoai:union.ndltd.org:TORONTO/oai:tspace.library.utoronto.ca:1807/42830
Date22 November 2013
CreatorsElhakim, Hadir
ContributorsIacobucci, Edward
Source SetsUniversity of Toronto
Languageen_ca
Detected LanguageEnglish
TypeThesis

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