Corporations are not empowered by law to ignore the environment

Surprisingly, the whole notion that the primary obligation of directors is to shareholders is a relatively new idea.

Next time a CEO says climate is not their business, someone should give their board of directors a refresher on Canadian law, writes Green Party Leader Elizabeth May.The Hill Times photograph by Jake Wright

Opinion

BY ELIZABETH MAY

February 5, 2024

I dare say that most Canadians would agree that the No. 1 obligation of a CEO is to deliver profits to the shareholders. We hear it often enough, as though the matter is settled law.

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