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ARTICLE · 27 APRIL 2015

Buried In Budget: CBCA Amendments Proposed

Blake, Cassels & Graydon LLP
Blake, Cassels & Graydon LLP
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Blake, Cassels & Graydon LLP

Blake, Cassels & Graydon LLP

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The federal government’s recently released 2015 Budget (Budget) indicates that the government will be proposing amendments to the Canada Business Corporations Act (CBCA) relating to gender diversity, director elections, shareholder communications and "corporate transparency."

CanadaCorporate/Commercial Law
Blake, Cassels & Graydon LLP
Blake, Cassels & Graydon LLP
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The federal government's recently released 2015 Budget (Budget) indicates that the government will be proposing amendments to the Canada Business Corporations Act (CBCA) relating to gender diversity, director elections, shareholder communications and "corporate transparency."

Industry Canada had previously issued a consultation paper, seeking input on possible changes to the CBCA relating to executive compensation, shareholder voting rights, composition of corporate boards and management, shareholder voting and communication, board accountability and corporate social responsibility. The consultation was described in our December 2013 Blakes Bulletin: CBCA Consultation: Another Cook in the Corporate Governance Kitchen.

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