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Special committees are often established quickly and under tense circumstances. Learn to navigate the process of establishing a special committee and conducting a committee process with this document that combines general principles with practical insight.
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Do you know when you should establish a special committee? How can you ensure that its decisions are made independently?
Board decisions are always subject to close scrutiny but even more so under challenging circumstances. When an internal wrongdoing surfaces or the company is threatened with a hostile take-over, your board is well advised to ensure that whatever decision is reached, it is carried out with appropriate rigour. A common tool — and one recognized by the courts — is to establish an ad hoc special committee.
20 Questions Directors Should Ask about Special Committees offers general principles as well as practical advice. Learn about the process of building, running and ensuring the effectiveness of a robust special committee.
It’s said that a crisis brings out the best in people and, in most cases, that’s true. But there is a dark side to tough times, as fraudsters prey on people who are uncertain and looking for easy answers.
March 18, 2020
The federal government’s actions and fiscal support to address the widespread and devastating economic fallout of the COVID-19 pandemic are welcomed by Chartered Professional Accountants of Canada (CPA Canada).
Listen to this special edition Practitioner’s Pulse webinar where we answer some frequently asked questions around practice management issues and some key financial reporting and auditing implications of COVID-19.