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shareholder meeting

By Occasional Contributors | 4 Minutes Read April 27, 2020

CSA Answers questions about 45-day filing extensions

In light of the COVID-19 pandemic, reporting issuers in Canada have been granted temporary exemptions (Temporary Relief) from certain regulatory filings by way of local blanket orders (Blanket Orders) substantively harmonized across Canada.

Article by Occasional Contributors / Business, Finance and Accounting / Canadian Securities Administrators, COVID-19, filing extensions, material business developments, securities laws, shareholder meeting Leave a Comment

By Occasional Contributors | 6 Minutes Read March 10, 2020

Let’s meet – just not in person: Taking your annual shareholder meeting online (in a coronavirus world)

online meeting

Increased concerns regarding the spread of the coronavirus are prompting companies to look at alternatives to their in-person annual meeting of shareholders, including holding the meeting partly or even wholly online with streamed audio and/or video content. This could potentially accelerate a recent trend in Canada towards considering alternatives to the traditional in-person shareholder meeting, including holding “virtual” shareholder meetings where the meeting is held wholly by electronic means or “hybrid” meetings where there is a physical location for the meeting but shareholders and proxyholders have an opportunity to choose whether to participate in person or electronically.

Holding virtual shareholder meetings is possible in several Canadian jurisdictions. In those jurisdictions where it is not possible to hold a fully virtual meeting, companies can hold a hybrid meeting. It is important to understand whether there are legal impediments to electronic participation at meetings and best practices in conducting such meetings.

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Article by Occasional Contributors / Business, Information Technology, Privacy / Coronavirus, corporate statutes, COVID-19, electronic meetings, online meeting, shareholder meeting, virtual shareholder meeting Leave a Comment

By Occasional Contributors | 7 Minutes Read October 17, 2017

Shareholders have fundamental right to call meetings, Ontario appeal court rules

Court limits ability to refuse a proposal based on "personal grievance" exemption... The Court gave some considerations on the shareholders fundamental right to call meetings, on how to differentiate between “personal grievances” that are not properly matters for a shareholder meeting, and the business and affairs of the company, which are proper matters.

Article by Occasional Contributors / Business / board of directors, business and affairs of the company, business judgment, dissident shareholders, fundamental right to call meetings, Internal Controls, management entrenchment, personal grievance, shareholder meeting, shareholder resolution, shareholders

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