--- title: Audit, Compliance and Risk Blog | STP | Internal Control description: Internal Control | STP's blog giving insight into audit, compliance and risk issues for EHS, business and accounting. --- [![Specialty Technical Publishers](https://blog.stpub.com/hubfs/STP-logo-white-orange.png)](http://www.stpub.com/) - [My Account](http://stponline.stpub.com) - 1-800-251-0381 # Audit, Compliance and Risk Blog ## [Exercise of Legal Powers By Director Constitutes Oppression of Minority Shareholders](https://blog.stpub.com/bid/201657/Exercise-of-Legal-Powers-By-Director-Constitutes-Oppression-of-Minority-Shareholders) Posted by [Ron Davis](https://blog.stpub.com/author/ron-davis) on Wed, Sep 24, 2014 - [Tweet](https://twitter.com/share) [![](https://blog.stpub.com/hs-fs/file-1647083359-jpg/images/ontario_court.jpg) ](https://blog.stpub.com/bid/201657/Exercise-of-Legal-Powers-By-Director-Constitutes-Oppression-of-Minority-Shareholders) The decision by the Ontario Superior Court of Justice in *Paul v. 1433295 Ontario Ltd.* (2013 OSCJ 7002), illustrates that the oppression remedy is available to complainants, even when the actions that are the subject of the complaint are the result of a lawful procedure available under Ontario corporate legislation. The Court held that, although the procedure was lawful, the intent of the action was to squeeze out the affected shareholders and the results were oppressive to the minority shareholders’ interests. [Read More](https://blog.stpub.com/bid/201657/Exercise-of-Legal-Powers-By-Director-Constitutes-Oppression-of-Minority-Shareholders) 0 Comments [Click here to read/write comments](https://blog.stpub.com/bid/201657/Exercise-of-Legal-Powers-By-Director-Constitutes-Oppression-of-Minority-Shareholders#comments-listing) Tags: [Corporate Governance](https://blog.stpub.com/topic/corporate-governance), [Business & Legal](https://blog.stpub.com/topic/business-legal), [Internal Control](https://blog.stpub.com/topic/internal-control), [Canadian](https://blog.stpub.com/topic/canadian) ## [2012: A Year in Review for Accountants—Part 2, Auditing and SEC](https://blog.stpub.com/bid/168354/2012-A-Year-in-Review-for-Accountants-Part-2-Auditing-and-SEC) Posted by [Ron Pippin](https://blog.stpub.com/author/ron-pippin) on Fri, Jan 04, 2013 - [Tweet](https://twitter.com/share) [![](https://blog.stpub.com/hs-fs/file-17060538-jpg/images/ron_pippin_w_border.jpg) ](https://blog.stpub.com/bid/168354/2012-A-Year-in-Review-for-Accountants-Part-2-Auditing-and-SEC) This is the second of two blog articles on 2012 changes in the literature frequently used by accountants. Previously, I covered accounting developments in the United States and internationally. This article covers developments affecting companies (registrants) subject to [Securities and Exchange Commission](http://www.stpub.com/SEC-Disclosures-Checklists-Including-Financial-Statement-MDA-and-Sarbanes-Oxley-Checklists_p_20.html) (SEC) oversight and auditing developments. [Read More](https://blog.stpub.com/bid/168354/2012-A-Year-in-Review-for-Accountants-Part-2-Auditing-and-SEC) 0 Comments [Click here to read/write comments](https://blog.stpub.com/bid/168354/2012-A-Year-in-Review-for-Accountants-Part-2-Auditing-and-SEC#comments-listing) Tags: [SEC](https://blog.stpub.com/topic/sec), [Accounting & Tax](https://blog.stpub.com/topic/accounting-tax), [Audit Standards](https://blog.stpub.com/topic/audit-standards), [Accountants](https://blog.stpub.com/topic/accountants), [JOBS Act](https://blog.stpub.com/topic/jobs-act), [US GAAP](https://blog.stpub.com/topic/us-gaap), [GAAP](https://blog.stpub.com/topic/gaap), [IFRS](https://blog.stpub.com/topic/ifrs), [Internal Control](https://blog.stpub.com/topic/internal-control) ## [Internal Control—An Updated Framework Coming](https://blog.stpub.com/bid/165989/Internal-Control-An-Updated-Framework-Coming) Posted by [Ron Pippin](https://blog.stpub.com/author/ron-pippin) on Fri, Nov 30, 2012 - [Tweet](https://twitter.com/share) [![](https://blog.stpub.com/hs-fs/file-17060538-jpg/images/ron_pippin_w_border.jpg) ](https://blog.stpub.com/bid/165989/Internal-Control-An-Updated-Framework-Coming) Ever since the passage of the Sarbanes-Oxley Act of 2002 (SOX), the concept of internal control over financial reporting has taken on a new meaning. The U.S. Congress passed this legislation in part because of the failure of certain large companies, notably Enron and WorldCom, which met their demise in part because of real or perceived weaknesses in company internal control and less than adequate [corporate governance](http://www.stpub.com/publications-corporate-governance). SOX reinforces the concept that company management is responsible for establishing and maintaining an adequate internal control structure and robust procedures for financial reporting. [Read More](https://blog.stpub.com/bid/165989/Internal-Control-An-Updated-Framework-Coming) 0 Comments [Click here to read/write comments](https://blog.stpub.com/bid/165989/Internal-Control-An-Updated-Framework-Coming#comments-listing) Tags: [Corporate Governance](https://blog.stpub.com/topic/corporate-governance), [Business & Legal](https://blog.stpub.com/topic/business-legal), [SEC](https://blog.stpub.com/topic/sec), [Accounting & Tax](https://blog.stpub.com/topic/accounting-tax), [Accountants](https://blog.stpub.com/topic/accountants), [JOBS Act](https://blog.stpub.com/topic/jobs-act), [SOX](https://blog.stpub.com/topic/sox), [Internal Control](https://blog.stpub.com/topic/internal-control) [All posts](https://blog.stpub.com/all) ### Follow Me ### Subscribe by Email ### Browse by Topic Area - [Accounting & Tax ](https://blog.stpub.com/topic/accounting-tax) - [Business & Legal ](https://blog.stpub.com/topic/business-legal) - [Corporate Governance  ](https://blog.stpub.com/../?Tag=Corporate+Governance) - [Environmental ](https://blog.stpub.com/../?Tag=Environmental) - [Global ](https://blog.stpub.com/../?Tag=Global) - [Health & Safety ](https://blog.stpub.com/topic/health-safety) - [Internet ](https://blog.stpub.com/../?Tag=Internet) - [Transportation ](https://blog.stpub.com/../?Tag=Transportation) ### Browse by Tag - [Environmental (344)](https://blog.stpub.com/topic/environmental) - [Business & Legal (309)](https://blog.stpub.com/topic/business-legal) - [Environmental risks (300)](https://blog.stpub.com/topic/environmental-risks) - [Health & Safety (296)](https://blog.stpub.com/topic/health-safety) - [EPA (283)](https://blog.stpub.com/topic/epa) - [Terms & Conditions](https://stphub.stpehs.com/wp-content/uploads/2021/01/STP-Terms-of-Use-Dec-20.pdf) - [Privacy Policy](https://stphub.stpehs.com/wp-content/uploads/2020/12/STP-Privacy-Policy.pdf) - [License Agreement](https://stphub.stpehs.com/wp-content/uploads/2021/01/STP-License-Agreement-Dec-20.pdf) - [Sitemap](http://stpub.com/sitemap) - [Support](http://stpub.com/support) © 2021 STP ComplianceEHS - All rights reserved