D & O LIABILITY SCORECARD
DIRECTORS & OFFICE PRACTICES YES NO UNSURE SCORE
12 . Has your business established formal procedures to inform directors and officers of new developments within the company ? q q q
13 . Has your business established a formal training process to ensure that directors have a sound understanding of their duties , responsibilities and obligations ? q q q
14 . Does your business ’ s by-laws and / or charter indemnify directors and officers to the fullest extent permitted under the applicable provincial and federal laws ? q q q
15 . Does your business require its directors and officers to report all potential conflicts of interest ? q q q
16 . Does your business require its directors and officers to document and justify all major decisions ? q q q
17 . Does your business provide directors and officers with access to legal counsel when they are faced with difficult decisions or when requested ? q q q
SECTION SCORE :
HR PRACTICES
YES NO UNSURE SCORE
18 . Does your business have an HR Department ? q q q
19 . Does your business have an employee handbook that has been reviewed by legal counsel ? q q q
20 . Does your business distribute a copy of your handbook to all employees , including those with managerial and supervisory responsibilities ? q q q
21 . Does your business require all employees to acknowledge receipt of your employee handbook ? q q q
22 . Does your business have formal guidelines and written procedures to address compliance with the Canadian Human Rights Act , provincial human rights codes and provincial employment standards ? q q q
23 . Does your business have formal guidelines and written procedures for disciplining and terminating employees ? q q q
24 . Does your business have a formal process for addressing and resolving employee grievances ? q q q
25 . Does your business have a formal process for conducting employee evaluations ? q q q SECTION SCORE :
TOTAL SCORE :
MODERATE RISK : 0-40 POINTS HIGH RISK : 44-64 POINTS ESCALATED RISK : 68-100 POINTS
27
D&O LIABILITY SCORECARD
DIRECTORS & OFFICE PRACTICES
YES NO UNSURE
12. Has your business established formal procedures to inform directors and officers of
new developments within the company? q q q
13. Has your business established a formal training process to ensure that directors
have a sound understanding of their duties, responsibilities and obligations? q q q
14. Does your business’s by-laws and/or charter indemnify directors and officers to the
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