Compas Poll / Survey

An overwhelming majority of business leaders believe that directors and corporations are faced with an increasing threat of litigation. Worse still, few business leaders agree that class action suits are constructive even though most believe that the threat of class action lawsuits puts the financial statements and behaviour of companies under the microscope.

Given that few business leaders view class action suits as constructive, it is not surprising that few are in favour of laws to facilitate such lawsuits against corporations. On the other hand, a bare majority of business leaders feel that Canadian laws should make it easier for taxpayers to launch class action suits against government

These are key findings from this week’s National Post/COMPAS survey sponsored by the Canadian Chamber of Commerce and CIBC Small Business.