Season 2 Episode 6- Be It Resolved: Boards Need a Culture Shift to “Bad News Early” to Meet New Disclosure Obligations

Directors are facing increased scrutiny around disclosure obligations following the Supreme Court of Canada’s recent Lundin decision. In Be It Resolved, host Rahul Bhardwaj, President and CEO of the Institute of Corporate Directors, speaks with Peter Dey, Chairman of the Advisory Board of Paradigm Capital and former Chair of the Ontario Securities Commission, about how boards should interpret material change, timeliness, and fiduciary responsibility in an evolving legal context.

Drawing on decades of experience in governance and capital markets, the discussion examines how boards can balance the risks of premature and delayed disclosure, the importance of disciplined internal processes, and why accurate and timely information remains central to market integrity. While the decision has sharpened attention on disclosure practices, Peter emphasizes that boards already have a fit-for-purpose playbook, provided it is applied with sound judgment and clear oversight.

Podcast Transcript