By Jakaeden Frizzell, CPD Program Coordinator
On Tuesday March 19 (Saskatoon) and Thursday March 21 (Regina) the Law Society held two full day seminars covering the basics of being a board director for lawyers. Thank you to all 120+ attendees for your involvement and rapt attention.
The day began with an overview of directorship from Nancy Hopkins, Q.C. (McDougall Gauley, Saskatoon) touching on the topics of Fiduciary Duty, Duty of Care, and Conflict of Interest. Next, Bill Nickel (McDougall Gauley, Saskatoon) discussed considerations for board meetings and the recording of meeting minutes. Following a short break, representatives of Deloitte Saskatchewan took the audience through the financial statements and offered some advice on which questions to ask when reviewing them.
The afternoon started with an interactive session. Four scenarios were drafted and circulated to the participants at the beginning of the day, then assigned to tables for discussion. Each table reported their plan of action and a group discussion ensued. The session was facilitated by Cory Furman (Furman IP) and Nancy Hopkins. Following this, attendees listened to a panel talk about director liability, including the different insurance coverage available for lawyers sitting on boards. The panel was made up of Cory Furman, Brad Hunter, Q.C. (SLIA), and Milad Alishahi (MLT Aikins, Regina).
The seminar concluded with a chaired question and answer piece that took the lens of what management expects from a good director. In Saskatoon, Sean Quinn (Cameco) shared his perspectives working as a legal secretary for a large private corporation. In Regina, Pat Youzwa (Past President and CEO of Sask Power) shared her insight into management working in a crown corporation. Both sessions were chaired by Nancy Hopkins, Q.C. and saw great audience participation.
Thank you to all presenters for their time and dedication to this event, as well as our planning committee Nancy Hopkins, Cory Furman, and Glenn Hepp. The Saskatoon seminar was recorded and can be purchased from the Law Society for viewing. It will qualify for 5.5 CPD hours. Please contact our CPD Administrator, Katrina Perrault, at 306-569-8242 if you are interested in learning more about this topic.