Although Canada’s corporate scandals have not been as large or highly publicized as U.S. scandals, the nation has not been without a few examples. Accounting fraud and mismanaged investments ruined Livent and heavily damaged Cinar; Bre-X Minerals collapsed after a huge gold discovery was exposed as a fraud; and YBM Magnex was revealed to be involved in money laundering.  While these may have been treated as isolated incidents at the time of their occurrence, Canadian legislators and regulators understood the need to create controls to restore investor confidence that was affected by these instances. This year, new legislation to monitor corporate governance and financial accountability will be phased in, and Canadian businesses will be scrutinizing their processes and controls to be sure they are in compliance...