Business Organizations: Practice, Theory and Emerging Challenges, 2nd edition


Allard School of Law Professor Janis Sarra, Assistant Professor Carol Liao, and a group of leading practitioners and scholars across Canada have co-authored the textbook Business Organizations: Practice, Theory and Emerging Challenges, 2nd ed. The edition includes new material on emerging issues related to Indigenous peoples in Canada, which in part act as a response to the calls to action from the Final Report of the Truth and Reconciliation Commission of Canada. It also features a new chapter on social enterprises and the law that has developed in conjunction with the proliferation of these forms of business organization.

The textbook provides detailed discussions on the fundamentals of business law and reviews important debates surrounding the nature of business organizations and the role they play in Canadian society. It is significantly revised from the 1st edition, with a reorganized structure and refreshed material that reflects significant legal developments over the last decade.

In addition to new chapters on First Nations business structures and social enterprise, the book engages with topical issues such as corporate social responsibility, social finance, board diversity, and other policy issues that are reshaping many parts of the law governing business organizations. It also explores the renewed interest from decision-makers and commentators in embracing and expanding the category of stakeholders concerned with or affected by the conduct of business, as most evidently seen in landmark Supreme Court of Canada decisions.

As noted by the authors in the preface of Business Organizations, “The material we have included that speaks to [emerging] challenges is especially exciting because it enables one to look at the law governing business organizations from new perspectives. In a number of instances, this new material also forces one to reconsider foundational concepts that have long shaped the law governing business organizations. Some of the challenges are ones that have been with us for a long time, but have garnered insufficient attention in Canadian law schools…”

“[W]e all felt that there was more work to be done to help those embarking on the subject for the first time appreciate that business law is a fascinating subject that is constantly confronting emerging challenges, is rich in questions of public policy, and has plenty of room for robust theoretical debates with practical conse­quences. This book therefore represents a collective effort to provide an approach to the subject that will expose its readers to these different aspects of a captivating and multi-di­mensional subject.”


Robert Yalden, Osler, Hoskin & Harcourt LLP

Janis Sarra, Allard School of Law, University of British Columbia

Paul D. Paton, Faculty of Law, University of Alberta

Mark Gillen, Faculty of Law, University of Victoria

Mary Condon, Osgoode Hall Law School, York University

Carol Liao, Allard School of Law, University of British Columbia

Michael Deturbide, Schulich School of Law, Dalhousie University

Mohamed Khimji, Faculty of Law, Queen’s University

Bradley Bryan, Faculty of Law, University of Victoria

Gary Campo, Woodward & Company Lawyers LLP