Why Canada’s corporate boards are courting disaster (opens original article in a new tab)

Canadian corporate boards are facing criticism for governance failures that lead to preventable crises, despite having access to necessary information. The article highlights the need for boards to act decisively, challenge management, and prioritize long-term risks over short-term gains.

• Corporate boards in Canada are criticized for failing to act on available information, leading to preventable crises.
• Governance issues arise from lack of rigorous challenge and follow-through on risks, not from missing data.
• Boards are urged to improve oversight by focusing on expertise, dissenting views, and long-term performance metrics.