News & Analysis as of

Board of Directors CBCA

Davies Ward Phillips & Vineberg LLP

Bill S-285: A Canadian Contribution to the Stakeholder Governance Debate

Senator Julie Miville-Dechêne recently introduced the 21st-Century Business Act (Bill S-285), a Senate public bill that proposes substantive amendments to the Canada Business Corporations Act (CBCA). The legislative proposal...more

Blake, Cassels & Graydon LLP

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

Blake, Cassels & Graydon LLP

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

Stikeman Elliott LLP

Board Composition: Gender Diversity and Beyond

Stikeman Elliott LLP on

The Canadian Securities Administrators (“CSA”) have released their annual review of disclosure regarding women on boards and in executive officer positions at Toronto Stock Exchange-listed issuers, showing positive trends in...more

Stikeman Elliott LLP

Statutory Majority Voting Requirements to Come Into Force for CBCA Incorporated Reporting Issuers

Stikeman Elliott LLP on

Effective August 31, 2022, directors of reporting issuers that are incorporated under the Canada Business Corporations Act (CBCA) will have to be elected by a majority of the votes cast for and against them, unless otherwise...more

Blake, Cassels & Graydon LLP

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

Bennett Jones LLP

Government of Canada Publishes First Report on Diversity Disclosure

Bennett Jones LLP on

On April 7, 2021, the Government of Canada published Diversity of Boards of Directors and Senior Management of Federal Distributing Corporations. The report is the first report on the effect of the government's efforts to...more

Blake, Cassels & Graydon LLP

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

Blake, Cassels & Graydon LLP

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

Blake, Cassels & Graydon LLP

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

Goodwin

Key Takeaways for Investors From the Federal Reserve’s Final “Control” Rule

Goodwin on

On January 30, 2020, the Board of Governors of the Federal Reserve System (Federal Reserve) issued a final rule (Rule) that revises the Federal Reserve’s regulations related to determinations of whether a first company (an...more

Dickinson Wright

A Look at New and Recent Fiduciary, Diversity and Corporate Filing Rules for Federal Corporations

Dickinson Wright on

Companies governed by the Canada Business Corporations Act (the “CBCA”) should be aware and mindful of recent amendments to the CBCA related to directors’ and officers’ fiduciary duties and diversity disclosure requirements...more

Bennett Jones LLP

New Diversity Disclosure Requirements for Public CBCA Corporations

Bennett Jones LLP on

Public corporations incorporated under the Canada Business Corporations Act (CBCA) will soon be required to report the diversity of their directors and senior management....more

Blake, Cassels & Graydon LLP

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

Blake, Cassels & Graydon LLP

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

Dechert LLP

Federal Reserve Proposes Revisions to its Control Framework: Implications for Asset Managers and Other Bank Investors

Dechert LLP on

The Federal Reserve Board (FRB) recently issued a proposed rule that would codify and clarify when a company is presumed to have a controlling influence over the management and policies of a second company (Proposed...more

Blake, Cassels & Graydon LLP

CBCA Amendments: New Register to Track Individuals with Significant Control

On June 13, 2019, Bill C-86, Budget Implementation Act, 2018, No. 2 (Bill C-86), will come into force. Bill C-86 received royal assent on December 13, 2018 and provides for various amendments to the Canada Business...more

Bennett Jones LLP

Proposed Changes to the CBCA: Directors Duties and Disclosure Obligations

Bennett Jones LLP on

On April 8, 2019, the Federal Government introduced Bill C-97, An Act to implement certain provisions of the budget tabled in Parliament on March 19, 2019 and other measures, which includes proposed changes to the Canada...more

Blake, Cassels & Graydon LLP

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

Bennett Jones LLP

New Rules for CBCA Companies

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Companies incorporated under the Canada Business Corporations Act (CBCA) will need to consider new rules regarding director elections, diversity disclosure, shareholder communications and other matters....more

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