Holding Your Co-operative's AGM Virtually

Co-operatives have expressed increasing concern over holding their upcoming annual general meeting of members ("AGM") due to the impacts of COVID-19 on the business landscape.

For many co-operatives, holding an AGM would breach social distancing measures and government orders limiting the number of people who may gather together at once. Against this backdrop of conflicting legal obligations, co-operatives are understandably unsure how to navigate their statutory AGM requirements.

As we discuss below, one option may be to hold a virtual AGM. The availability of this option varies province to province, depending on the rules in the provincial statutes and their related regulations.