An update on the Bill that will, when enacted, make changes to the governance framework by amending the
Canada Business Corporations Act, the
Canada Cooperatives Act, and the
Canada Not-for-profit Corporations Act. The Bill has begun its journey through the
Senate, receiving
first reading on June 21 and starting its
second reading on September 19. The text of the Bill is available
here and further information is available
here and
here. Among the changes proposed are those relating to the election of directors (including annual elections and votes for individual directors), the disclosure of information regarding board diversity and communications with shareholders.
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