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Dark Knight / Le Chevalier Noir
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---- Nous avons besoin d'un traduction français!
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Zeljko, thanks for posting this interesting article. Regarding CFC/OCA, I particularly liked the following:
Originally posted by From Hamilton Spectator article
WHAT IS THE RESPONSIBILITY OF A BOARD?
Richard LeBlanc, an associate professor of law, governance and ethics at York University in Toronto, says a board of an agency is “legally responsible for the direction and management of the agency, otherwise known as the fiduciary duty and the duty of care.”
Speaking generally, he said an agency hit by fraud charges, later proven in court, points to a massive failure of duty and care.
“When you have fraud, it is a sign you had inadequate internal controls over financial reporting,” LeBlanc said. “If you have management committing fraud, absolutely it’s a failure of the board. The buck starts and stops at the board.”
He said board members in such a scenario can’t escape being drawn into it.
“They could be involved in litigation,” LeBlanc said. “Generally, when you have fraud you want recovery. Fraud is not a good thing.”
With files from Matthew Van Dongen, The Spectator
"We hang the petty thieves and appoint the great ones to public office." - Aesop
"Only the dead have seen the end of war." - Plato
"If once a man indulges himself in murder, very soon he comes to think little of robbing; and from robbing he comes next to drinking and Sabbath-breaking, and from that to incivility and procrastination." - Thomas De Quincey
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