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Goodmans Publications

Mulling about millinery

July-1-2015

Lawyer Neill May
Area Corporate Finance and Securities

Summary

Article originally published in the Canadian Lawyer Magazine, July 2015

Excerpt from "Mulling about millinery":

If you were to walk into a board meeting these days you would almost certainly see few, if any, directors wearing hats. This is likely due to current fashion trends, and to the sensible custom (particularly in Canada) of generally conducting board meetings indoors.  But corporate directors are increasingly wearing multiple hats.  They’re just not ones you can see or touch. This is not a brilliant business opportunity for hat makers disappointed Mad Men ended without sparking a revival for hats.  It is instead a function of the growing complexity of governance rules and principles.  Directors in many hats is not just the catchy name for the Broadway musical that is part of my retirement plan, but a growing factor in boardroom dynamics.

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