ESG Pulse: Upcoming CBCA Changes - Proxy Implications and Considerations - (Canada)
Bill C-25 received Royal Assent in 2018 and certain long-awaited revisions to the Canada Business Corporation Act (“CBCA”) will become effective August 31, 2022. A key change relates to the way directors are elected at CBCA incorporated companies.
In this memorandum, Morrow Sodali has summarized the salient points you need to know and highlighted potential considerations for issuers, counsel, board members, and their advisors. We discuss the proxy and governance implications related to the CBCA amendments and how the revisions could have practical implications on the AGM process.
Please access the memorandum here.