Pursuant to the
Public Health Act, on April
26, 2020, the Québec Minister of Health and Social Services
issued an
order (the Order) providing greater
flexibility to hold virtual-only annual general meetings of
shareholders for issuers incorporated under the Business
Corporations Act (Quebec) (QBCA).
Virtual-Only Meetings
With respect to annual shareholder meetings, the Order provides
that:
- Any meeting that take place in person may be held by means that
enables all members to communicate with each other immediately;
and
- When a secret ballot is required, it may be held by any means
of communication agreed on by all persons who are entitled to vote
or, failing that, by any means enabling both that votes be gathered
in a way that they may be verified afterwards and the preservation
of the secret nature of the vote.
