What’s the Difference Between Directors and Shareholders in Alberta?

David van Moorsel

Understanding the key difference between directors and shareholders is critical when setting up a corporation in Alberta. It can help you assign the right roles to the right people. This article will compare the two roles by looking at their responsibilities, liability, qualifications, and more. The Primary Difference: Ownership vs. Management The primary difference between directors and shareholders in Alberta is that shareholders own the corporation, while directors manage it. A shareholder’s ownership interest is … Read More

About Directors

David van Moorsel

What are Directors? Directors are appointed by the shareholders and control the corporation. They owe a fiduciary duty (a duty of utmost good faith) to the corporation and make decisions such as: By default, directors also have general signing authority on behalf of the corporation. A director’s rights and duties can be modified or changed by resolution, unanimous shareholders agreement, or by providing to the contrary in the corporation’s by-laws, they can also vary by … Read More