journal features
movie reviews
photo of the day

incorporating in Canada

the journal of Michael Werneburg

twenty-seven years and one million words

Toronto, 2012.09.24

I found some amusing guidance on who can serve as a director for federally-incorporated corporations in Canada.

5. Can a corporation be a director on the Board of Directors?

No, directors must be individuals.

Subsection 105(1) of the CBCA, disqualifies from being a director:

a) anyone who is less than eighteen years of age;

b) anyone of unsound mind;

c) a person who is not an individual;

d) and a person who has the status of bankrupt

How far do you suppose c) goes? Is there a test for individuality? E.g. if you watch too much television or rarely state your opinion, do you lose points?

rand()m quote

The skill of accurate perception is called cynicism by those who don't possess it.

—-Alan Millar