Court Decision – Suing Individual Board Members

rs/The blog discusses a court decision in Ontario, Canada, where a condominium corporation was allowed to sue an individual board member for breach of duty. The court found that the board member had acted outside the scope of his authority and failed to fulfill his duty of care to the corporation. The blog highlights the importance of understanding the duties and responsibilities of board members and ensuring that they act in the best interests of the corporation. The blog emphasizes the need for board members to obtain independent legal advice to protect themselves from personal liability. The blog also suggests that corporations should consider purchasing Directors and Officers liability insurance to provide additional protection to the board members.