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____ Thursday March 3, 2016 ____

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Business Law

Province Appoints Council to Modernize Ontario’s Business Laws

Ontario Taking Action to Create a More Supportive Business Climate

Queens Park - Ontario has established a new Business Law Advisory Council that will make recommendations to reform laws that are responsive to changing business priorities and supportive of a prosperous economy.

The advisory council is comprised of professionals who have demonstrated expertise in commercial and corporate law and have a strong knowledge of the challenges and opportunities faced by businesses in the province. Carol Hansell has been appointed as Chair and E. Patrick Shea as Vice-Chair.

The council will recommend changes to corporate and commercial laws to strengthen Ontario’s competitive advantage in the global economy, solidify Ontario’s position as a jurisdiction of choice for business, encourage innovation and investment, and support a regulatory framework that is responsive and flexible.

Modernizing business laws is part of the government’s economic plan to build Ontario up and deliver on its number-one priority to grow the economy and create jobs. The four-part plan includes investing in talent and skills, including helping more people get and create the jobs of the future by expanding access to high-quality college and university education. The plan is making the largest investment in public infrastructure in Ontario’s history and investing in a low-carbon economy driven by innovative, high-growth, export-oriented businesses. The plan is also helping working Ontarians achieve a more secure retirement.

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