Royal Group Technologies
By Murray J. Bryant & Ken Mark
- Release Date: 2011-02-03
- Genre: Business & Personal Finance
Description
The Royal Group Technologies case provides information on the insider trading and other allegations faced by the former executive officer and the company's management team. The executive officer founded the firm after immigrating to Canada from Italy, and built it up into a large conglomerate by the 1990s. However, by the early 2000s, stakeholders were starting to question some of managements' practices, including awarding themselves high levels of compensation and engaging in related party transactions. The allegations led to charges being laid by the RCMP in 2008. An Ontario Superior Court justice acquitted the management team in late 2009, providing a soon-to-graduate MBA student the chance to review the company's successes and challenges in the hope that some general lessons about corporate governance can be distilled.
