CPA Ontario’s Corporate Finance and Controllers Conference: Driving Growth in Volatile Times

Stuart Rudner

Employment Law Update – Understanding Dismissals to Minimize Your Costs

Fired, Let go, Dismissed, Downsized, whatever term you use, dismissals are the most significant source of risk and liability for employers in Canada. There are many myths and misconceptions out there – for example, severance is not a week per year of service, or a month – it can be less, and it can be a lot more.

Many companies try to use termination clauses to limit severance, but most of them are unenforceable if challenged in court. They end up having to pay exponentially more than they expected, after paying substantial legal fees to find out they were wrong.

Key Takeaways:

• Dismissal with cause vs dismissal without cause
• Look at what employees may be entitled to after they are let go
• Ways you can be exposed to substantial liability
• Understand how changing the terms and conditions of an employee’s work affect their terms of employment

This conference brings together industry leaders, finance professionals, and experts to delve into the critical role of financial leadership in fostering growth and maximizing value within corporation. Attendees can expect a range of strategies and topics for navigating a complex finance landscape from innovative approaches to budgeting and forecasting, alternative working capital lending options, reinventing the role of the controller for a digital age as well as leadership development opportunities such in the areas of executive presence, communication and team building.