Which of the following best defines a “related party transaction” under Canadian corporate rules
Which of the following best defines a “related party transaction” under Canadian corporate rules?
A. A transaction between the company and a director, senior officer, or close associate
B. A routine transaction with an external supplier
C. A public market sale of company shares
D. A merger with an unrelated third-party company
Answer: A
Explanation: Related party transactions involve the company and insiders (directors, officers, close relatives); require disclosure and independent approval.
