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In 2013, 12 former board members of bankrupt helicopter-parts maker Northstar Aerospace Inc., were ordered by the Ontario Ministry of the Environment to personally pay
In 2013, 12 former board members of bankrupt helicopter-parts maker Northstar Aerospace Inc., were ordered by the Ontario Ministry of the Environment to personally pay the estimated $15- million cleanup of toxins that leaked out of the company's factory and into the groundwater underneath nearby homes. a. On what bases could directors potentially be liable for the corporation's environmental transgressions? b. What can directors do to protect against environmental liability?
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