The Government of Ontario has amended its emergency
order for virtual shareholder meetings to provide, among other
things, additional relief in respect of requirements to re-issue
notices of meetings and to present financial statements at annual
meetings within a specified period.
Pursuant to an
order under the Emergency Management and Civil Protection
Act (Ontario) (the Amended Order), the Government of
Ontario has amended its March 30, 2020 order (the Original Order)
which had temporarily suspended and replaced certain provisions of
the Business Corporations Act (Ontario) (OBCA) which had
extended the deadline for annual shareholder meetings and allowed
issuers to hold virtual-only board and shareholder meetings,
regardless of their articles and bylaws,
as we had previously discussed. The Amended Order provides
greater certainty for OBCA-corporations with regard to the timing,
format and procedures of annual shareholders meetings in 2020, in
response to the
