Fee: Complimentary
Overview
Bill C-31 proposes a significant change to the rules governing post-employment restrictions in federally regulated workplaces. If enacted in its current form, the legislation would broadly prohibit non-compete clauses and other prescribed employment-related restrictions, subject to limited exceptions.
For financial services employers, the proposed framework raises important questions about employment agreements, executive arrangements, employee mobility and the protection of business relationships and confidential information. This session will examine the proposed changes and the practical implications for financial institutions reviewing their current approach to restrictive covenants.
Format
This 60-minute webinar is designed for Schedule I and Schedule II banks, credit unions and other financial service providers preparing for potential changes to post-employment restrictions under the Canada Labour Code. Presenters will explain the proposed framework and identify the agreement language, processes and risk considerations that financial services HR and legal teams may need to assess. Topics include:
- The proposed prohibition on non-compete clauses and other employment-related restrictions
- The scope of the proposed regime and limited exceptions
- How the changes may affect existing and future employment agreements, executive contracts and incentive arrangements
- The proposed burden of proof and consequences for prohibited clauses
- Protections against reprisal where an employee refuses a prohibited restriction
- Transitional timing and the role of future regulations
- Alternative approaches to protecting confidential information, client relationships and other legitimate business interests
Audience and Learning Objectives
This session is designed for HR professionals and in-house counsel working within Schedule I and Schedule II banks, credit unions and other financial service providers, as well as leaders responsible for employment agreements, executive arrangements, compliance and employee departures.
Participants will gain a clearer understanding of the proposed Bill C-31 framework, how it may affect the use and enforceability of post-employment restrictions, and which agreements and practices may warrant review. The session will also help attendees distinguish non-compete clauses from other protections available to financial services employers.
Hicks Morley will endeavour to accommodate guests with a disability in accordance with the Ontario Human Rights Code guidelines and other applicable legislation. If you require any accommodations for this event, please indicate the nature of the accommodation.
Please note that in order to maximize the experience of attendees, spaces in the workshop will be limited. We encourage you to register early to avoid disappointment.