Canadian Aero Service Ltd. v. O'Malley
Encyclopedia
Canadian Aero Service Ltd. v. O'Malley, [1974] S.C.R. 592, is a leading civil case decided by the Supreme Court of Canada
on corporate director
and officer liability. The Court held that anyone in a supervisory or controlling role of a company has a fiduciary duty towards the company which includes the duties of "loyalty, good faith and avoidance of a conflict of duty and self-interest".
Supreme Court of Canada
The Supreme Court of Canada is the highest court of Canada and is the final court of appeals in the Canadian justice system. The court grants permission to between 40 and 75 litigants each year to appeal decisions rendered by provincial, territorial and federal appellate courts, and its decisions...
on corporate director
Board of directors
A board of directors is a body of elected or appointed members who jointly oversee the activities of a company or organization. Other names include board of governors, board of managers, board of regents, board of trustees, and board of visitors...
and officer liability. The Court held that anyone in a supervisory or controlling role of a company has a fiduciary duty towards the company which includes the duties of "loyalty, good faith and avoidance of a conflict of duty and self-interest".
See also
- List of Supreme Court of Canada cases
- Peso Silver Mines Ltd. (N.P.L.) v. CropperPeso Silver Mines Ltd. (N.P.L.) v. CropperPeso Silver Mines Ltd. v. Cropper, [1966] S.C.R. 673, is a leading Canadian case decided by the Supreme Court of Canada on the fiduciary duty of corporate directors....
, [1966] S.C.R. 673