Wednesday, November 14, 2012

Radler gets off easy at OSC hearing

When the OSC finally resolved its case against ex-Hollinger exec David Radler on Wednesday, the outcome was not spectacular.  Radler received no sanction, no financial penalty and no requirement to contribute even some of the costs of the commission’s lengthy investigation. Paying at least a portion of costs is common in OSC cases.
Instead,  Radler signed a series of undertakings including agreeing not to serve as an officer or director of a public company in Ontario. And even that can be revoked at his request.
The undertakings also don’t apply outside of Ontario or to private companies anywhere, something critical to  Radler who lives in Vancouver and co-owns Alberta Newspaper Group, a private newspaper company.
Globe and Mail story

No comments:

Blog Archive