Is a director of a publicly listed company liable for a serious breach of fiduciary duties?

British Columbia, Canada


The following excerpt is from Roussy v Savage, 2019 BCSC 1669 (CanLII):

Norell J. considered allegations similar to those of the plaintiffs in Zhou v. Li, 2019 BCSC 188. In that case, a shareholder had also accused the defendant director of a serious breach of fiduciary duties. The plaintiff argued that since the company was a closely-held company with only three shareholders, and because he had allowed the defendant to run the company on his own, an independent fiduciary relationship had arisen between them.

Other Questions


When a managing director of a company acts in breach of his fiduciary duties to the company, does he have to disclose to the purchaser of a part of the company’s business? (British Columbia, Canada)
Can a director or directing mind of a company be held personally liable for a breach of contract with a third party? (British Columbia, Canada)
Is there a fiduciary relationship between a director of a private equity company and the director of the company? (British Columbia, Canada)
Can a shareholder of a company sue the company for damages arising from a breach of fiduciary trust? (British Columbia, Canada)
Can an agent be held liable in negligence or breach of fiduciary duty for failing to warn an insured of the limitations of the policy? (British Columbia, Canada)
What is the fiduciary duty of a director to exercise care and diligence and skill when making decisions about management of a company? (British Columbia, Canada)
Can an officer or director of a corporation be held liable in tort for breach of contract with a third party? (British Columbia, Canada)
What are the circumstances in which the petitioner's claim is based in breach of fiduciary and statutory duties? (British Columbia, Canada)
Can a company be held liable for breach of confidence for its use of confidential information? (British Columbia, Canada)
Can a director of a corporation be held personally liable for the improper use of company funds? (British Columbia, Canada)

There are no other similar questions at this time.