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Canada Business Corporation Act Board of Directors

Bennett Jones LLP

Ontario Superior Court Rules That Section 99 of the Ontario Business Corporations Act Does Not Confer

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In OneMove Capital Corporation v Dye & Durham Limited, 2024 ONSC 5114 (OneMove), Justice Penny of the Commercial List division of  the Ontario Superior Court concluded that shareholders may not submit a proposal under s. 99...more

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

Bennett Jones LLP

Additional Canada Business Corporation Act Regulations to Come Into Force August 31, 2022

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In 2021, the Government of Canada proposed regulations that would change the director election process for certain corporations established under the Canada Business Corporations Act (CBCA). For more information with respect...more

Bennett Jones LLP

Additional Changes Coming to Alberta's Business Corporations Act

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On December 2, 2021, the Alberta Government's Bill 84: Business Corporations Amendment Act, 2021 (Bill 84) received Royal Assent. The amendments to the Business Corporations Act (Alberta) (ABCA) contemplated by Bill 84 (which...more

Blake, Cassels & Graydon LLP

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

Blake, Cassels & Graydon LLP

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

Dickinson Wright

Ontario Updates Director Residency Requirements

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As of July 5, 2021, corporations incorporated under Ontario’s Business Corporations Act will no longer be required to have at least 25% of directors be resident Canadians. Effective July 5, 2021, subsection 118(3) of...more

Blake, Cassels & Graydon LLP

Entrée en vigueur de modifications à la Loi sur les sociétés par actions de l’Ontario le 5 juillet 2

À compter du 5 juillet 2021, les sociétés constituées sous le régime de la Loi sur les sociétés par actions de l’Ontario (la « LSAO ») ne seront plus tenues de compter des administrateurs « résidents canadiens ». Tel...more

Blake, Cassels & Graydon LLP

Changes to Ontario Business Corporations Act to Come into Force on July 5, 2021

Effective July 5, 2021 corporations governed by Ontario’s Business Corporations Act (OBCA) are no longer required to have any “resident Canadian” directors. As noted in our October 2020 Blakes Bulletin: Ontario Proposes...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

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

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

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

Blake, Cassels & Graydon LLP

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

Blake, Cassels & Graydon LLP

Restoring the Alberta Advantage: Significant Amendments to the Alberta Business Corporations Act Now in Effect

Certain amendments to the Business Corporations Act (Alberta) (ABCA) are now in effect. Corporations formed under the ABCA are no longer required to have any of their directors be "resident Canadians", as defined in the...more

Blake, Cassels & Graydon LLP

L’Ontario propose des modifications à la Loi sur les sociétés par actions

Le 6 octobre 2020, le gouvernement de l’Ontario a présenté en première lecture le projet de loi 213, Loi de 2020 pour mieux servir la population et faciliter les affaires (la « Loi »), qui, s’il est adopté, apportera deux...more

Blake, Cassels & Graydon LLP

Ontario Proposes Changes to Business Corporations Act

On October 6, 2020, the Government of Ontario introduced for first reading Bill 213, Better for People, Smarter for Business Act, 2020 (Act), which, if enacted, will make two significant amendments to the Ontario Business...more

Blake, Cassels & Graydon LLP

BCBCA Amendments: Transparency Register to Track Significant Individuals

Effective May 1, 2020, all private companies existing under the Business Corporations Act (British Columbia) (BCBCA), will be required to establish and maintain a transparency register of “significant individuals.” ...more

Dickinson Wright

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

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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

Blake, Cassels & Graydon LLP

Mandatory “Say-on-Pay” May Be on the Way in Canada

A Canadian legal requirement to present an advisory “Say-on-Pay” shareholder vote—a shareholder vote approving a company’s approach to executive compensation—is potentially on the horizon for certain Canadian public...more

Bennett Jones LLP

New Diversity Disclosure Requirements for Public CBCA Corporations

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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

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