Matthew Merkley on Business Corporation Act

Modification possible des exigences de la LCSA en matière de divulgation de renseignements sur la diversité

Depuis le 1er janvier 2020, les sociétés ayant fait appel au public (en général, les sociétés ouvertes) régies par la Loi canadienne sur les sociétés par actions (la « LCSA ») sont tenues de fournir des renseignements sur la...more

1/18/2024 / Board of Directors , Business Corporation Act , Canada , CBCA , Corporate Governance , Disclosure Requirements , Diversity

Diversity Disclosure Requirements for CBCA Public Companies Potentially Changing

Since January 1, 2020, distributing corporations (generally, public companies) governed by the Canada Business Corporations Act (CBCA) have been required to provide diversity disclosures regarding “designated groups,” as...more

1/11/2024 / Board of Directors , Business Corporation Act , Canada , CBCA , Corporate Governance , Disclosure Requirements , Diversity

Entrée en vigueur des modifications à la LCSA visant l’élection des administrateurs

Le 31 août 2022, certaines modifications (les « modifications ») tant attendues à la Loi canadienne sur les sociétés par actions (la « LCSA ») et à des règlements connexes à l’égard du processus d’élection des administrateurs...more

4/5/2022 / Business Corporation Act , Canada , CBCA , Corporate Governance , Shareholder Proposals , Shareholders

Coming Soon: Changes to CBCA Director Elections – The Sequel

Effective August 31, 2022, certain long-awaited amendments (Amendments) to the Canada Business Corporations Act (CBCA) and related regulations administered by the Department of Industry (Regulations) impacting director...more

3/29/2022 / Business Corporation Act , Canada , CBCA , Corporate Governance , Shareholder Proposals , Shareholders

Représentation féminine dans les conseils d’administration : la pression monte sur les sociétés canadiennes

Les sociétés canadiennes subissent de plus en plus de pression pour augmenter le nombre de femmes dans leur conseil d’administration et leur équipe de haute direction. Il semblerait, en fait, que les sociétés dont le conseil...more

11/18/2021 / Board of Directors , Business Corporation Act , Canada , Corporate Governance , Corporate Social Responsibility , Diversity , Environmental Social & Governance (ESG) , Woman Board Members

Pressure Building on Canadian Companies to Increase Female Representation on Boards

Canadian companies are facing growing pressure to increase the representation of women on their boards and in executive officer positions. There is evidence that suggests that companies with a greater balance of women on...more

11/11/2021 / Board of Directors , Business Corporation Act , Canada , Corporate Governance , Corporate Social Responsibility , Diversity , Environmental Social & Governance (ESG) , Woman Board Members

LCSA : Modifications concernant le vote à la majorité des voix et le vote contre un administrateur

En mai 2018, le projet de loi C-25, Loi modifiant la Loi canadienne sur les sociétés par actions, la Loi canadienne sur les coopératives, la Loi canadienne sur les organisations à but non lucratif et la Loi sur la...more

4/30/2021 / Board of Directors , Business Corporation Act , Canada , CBCA , Corporate Governance , Shareholders

Corporations Canada : Premier rapport annuel sur la divulgation des renseignements sur la diversité

Le 7 avril 2021, Corporations Canada a publié son rapport intitulé Diversité au sein des conseils d’administration et de la haute direction des sociétés ayant fait appel au public de régime fédéral (le « Rapport »). Il s’agit...more

4/27/2021 / Board of Directors , Business Corporation Act , Canada , CBCA , Corporate Governance , Disclosure Requirements , Diversity

Coming Soon to the CBCA: Majority Voting and Voting Against Directors

In May 2018, An Act to amend the Canada Business Corporations Act, the Canada Cooperatives Act, the Canada Not-for-profit Corporations Act and the Competition Act (Bill C-25) received Royal Assent. Certain amendments to the...more

4/27/2021 / Board of Directors , Business Corporation Act , Canada , CBCA , Corporate Governance , Shareholders

Rapport de Dey et Kaplan : Mise au point sur les normes de gouvernance des sociétés canadiennes

Dans un rapport publié récemment et intitulé 360º Governance: Where Are The Directors In A World In Crisis? (en anglais seulement) (le « rapport »), Peter Dey et Sarah Kaplan se penchent sur les pratiques modernes de bonne...more

4/21/2021 / Board of Directors , Business Corporation Act , Canada , Climate Change , Corporate Governance , Diversity , Executive Compensation , Shareholders

Corporation Canada’s Findings from First Annual Diversity Disclosure Review Released

On April 7, 2021, Corporations Canada published Diversity of Boards of Directors and Senior Management of Federal Distributing Corporations (Report). The Report is the first annual review of “comply or explain” disclosure...more

4/20/2021 / Board of Directors , Business Corporation Act , Canada , CBCA , Corporate Governance , Disclosure Requirements , Diversity

Dey-Kaplan Report Aims to Update Canadian Corporate Governance Standards

With the release of a report entitled “360º Governance: Where Are The Directors In A World In Crisis?” (Report), Peter Dey and Sarah Kaplan examine modern good governance from a practical and scholarly standpoint,...more

4/15/2021 / Board of Directors , Business Corporation Act , Canada , Climate Change , Corporate Governance , Diversity , Executive Compensation , Shareholders

Corporations Canada sollicite l’avis des parties prenantes sur des propositions réglementaires en vertu de la LCSA

En juin 2019, le gouvernement fédéral a adopté la Loi n° 1 d'exécution du budget de 2019 (projet de loi C-97), laquelle a apporté plusieurs modifications notables à la Loi canadienne sur les sociétés par actions (la « LCSA...more

3/11/2021 / Business Corporation Act , Canada , CBCA , Disclosure Requirements , Proposed Regulation

Corporations Canada Seeking Feedback on Proposed CBCA Regulations

In June 2019, the federal government adopted the Budget Implementation Act, 019, No. 1 (Bill C-97), which resulted in several notable amendments to the Canada Business Corporations Act (CBCA). Among these were amendments...more

3/4/2021 / Business Corporation Act , Canada , CBCA , Disclosure Requirements , Proposed Regulation

Additional Diversity Disclosure Required of CBCA Corporations in 2020

Beginning January 1, 2020, distributing corporations (generally, public companies) governed by the Canada Business Corporations Act (CBCA) will be required to provide additional diversity disclosure in connection with their...more

7/12/2019 / Board of Directors , Business Corporation Act , Canada , CBCA , Corporate Governance , Shareholders

CBCA Amendments Codify Best Interests Considerations

The federal government’s omnibus budget implementation bill (Bill) received royal assent on June 21, 2019, the last sitting day of the House of Commons and Senate before breaking for the summer. Accordingly, certain...more

7/5/2019 / Board of Directors , Business Corporation Act , Canada , CBCA , Corporate Governance , Fiduciary Duty , Say-on-Pay , Shareholders

Broad Changes to CBCA Proposed: Directors’ Duties, Additional Disclosure and Annual Say-on-Pay

Significant amendments to the Canada Business Corporations Act (CBCA) proposed in the federal government’s omnibus budget implementation bill (Bill) would codify into statute some of the principles relating to directors’...more

4/12/2019 / Board of Directors , Business Corporation Act , Canada , CBCA , Corporate Governance , Fiduciary Duty , Say-on-Pay , Shareholders

Proposed Regulations for Revised CBCA Provide Structure to Changes Proposed in Bill C-25

With the recent release of proposed regulations (Regulations), the Government of Canada has put some meat on the bones of the proposed changes to the Canada Business Corporations Act (CBCA) that were contained in Bill C-25...more

1/31/2017 / Business Corporation Act , Canada , CBCA , Disclosure Requirements , Diversity , Financial Statements , Shareholder Proposals , Toronto Stock Exchange , TSX Venture Exchange

Bill C-25 Looks to Include Majority Voting, Diversity Disclosure Requirements in Canada Business Corporations Act

The Government of Canada recently introduced Bill C-25 (Bill), titled “An Act to amend the Canada Business Corporations Act, the Canada Cooperatives Act, the Canada Not-for-profit Corporations Act and the Competition Act”....more

10/25/2016 / Business Corporation Act , Canada , CBCA , Disclosure Requirements , Diversity , Financial Statements , Shareholder Proposals , Toronto Stock Exchange , TSX Venture Exchange

Multiple Voting Shares: Don’t Call it a Comeback

Dual class share structures have been thrust back into the spotlight by a recent flurry of initial public offerings of subordinate voting shares, a proposed going private transaction of a dual class share company and...more

9/3/2015 / Business Corporation Act , Canada , Canadian Securities Administration , Controlling Stockholders , Corporate Governance , Dual Class Share Structures , Minority Shareholders , Ontario Securities Commission (OSC) , Toronto Stock Exchange , Voting Shares

Broad Changes to Ontario Corporate Law Recommended

A panel of legal practitioners and academics appointed by Ontario’s Ministry of Government and Consumer Services (Panel) has recommended potential updates and revisions to a number of corporate and commercial Ontario statutes...more

8/5/2015 / Board of Directors , Business Corporation Act , Canada , Corporate Entities , Limited Partnerships , OBCA , Partnerships , Proposed Legislation , Shareholder Rights , Shareholders

Matthew Merkley

Blake, Cassels & Graydon LLP

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