Document background
The Director Confidentiality Agreement is a fundamental governance document used when appointing or maintaining directors on corporate boards in Canada. It serves to protect sensitive corporate information accessed by directors during their tenure and beyond, addressing specific requirements under Canadian corporate law. This agreement is particularly crucial given directors' unique position of access to strategic, financial, and operational information at the highest level. The document typically includes comprehensive definitions of confidential information, specific handling requirements, permitted disclosures, and enforcement mechanisms. It should be implemented at the time of director appointment and reviewed periodically to ensure continued relevance and compliance with evolving Canadian legal requirements and corporate governance best practices.
