Director residency requirements: Cutting red tape may lead to red ink

By Andrew Singh and Lydia Roseman ( November 13, 2020, 2:23 PM EST) -- No one likes red tape, which is why cutting it is so appealing. The Alberta Red Tape Reduction Implementation Act, 2020 (the RTRIA), given royal assent by the lieutenant governor general of Alberta on July 23, professes to do just that. It provides the legal basis for the Alberta government to meet its professed goal to cut “red tape” by one-third. Such a goal is certainly not unique to Alberta as many other jurisdictions move towards streamlining processes and otherwise removing red tape....