At-a-Glance is a monthly round-up of the latest news in employment practices liability, fiduciary liability, privacy, and other issues in executive risk.
Announced on 19 March 2019, the federal government’s 2019 budget included significant proposed amendments to the Canada Business Corporations Act (CBCA), including adjustments to directors’ and officers’ statutory fiduciary duties contained in the legislation.
The internet of things (IoT), which broadly refers to the interconnectedness of devices via the internet, has become a highly discussed topic over the past few years as household items ranging from coffee makers to vacuums are now able to send and receive data over the internet. Specifically, a phenomenon known as the ‘industrial IoT’ has exploded, as facilities and plants around the world are increasingly enabling internet connectivity in a range of equipment. Cyber criminals developed Triton – a malware specifically designed to, among other things, bypass and allow hackers to take over safety instrumented systems - the last line of defense within a manufacturing or critical infrastructure plant.
A Canadian medical cannabis producer, Organigram Inc., is facing a class action lawsuit after voluntarily recalling numerous products after some were found to contain traces of pesticides not authorized for use on cannabis plants. Headquartered in Moncton, New Brunswick, the producer became aware of the situation after a wholesaler had the protect tested by a third-party laboratory and alerted Organigram.