The Canada Business Corporations Act

The Institute for Governance (IGOPP) submitted his comments to Industry Canada in response to the Consultation on the Canada Business Corporations Act (CBCA).. We will examine these issues individually to formulate specific recommendations in each case.

In its comment document, the IGOPP covered the following topics:

• Shareholder advisory votes on compensation packages
• Diversity of board membership
• Equal treatment of shareholders
• Parties who can claim oppression
• Adding a minimum holding period for the right to nominate directors

The IGOPP’s previous positions on say on pay, board diversity, and majority voting can be viewed at: http://bit.ly/1m0dhmV