Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 29 DECEMBER 2016

CBCA Reforms: Shareholder Meetings And Diversity Disclosure

Torys
Torys
Contributor
Torys

Torys

Torys LLP is an international business law firm that works with clients who expect the best advice...

View firm profile
Explore more from Torys

The federal government made progress towards modernizing the Canada Business Corporations Act by publishing on December 14 proposed regulations under the framework bill that was tabled on September 28.

CanadaCorporate/Commercial Law
Glen Johnson
Glen Johnson
Cornell Wright
Cornell Wright
Leslie McCallum
Leslie McCallum
Author LinkedIn connections

The federal government made progress towards modernizing the Canada Business Corporations Act by publishing on December 14 proposed regulations under the framework bill that was tabled on September 28. The reforms are aimed, in part, at reducing regulatory discrepancies between the CBCA and Canadian securities laws, TSX rules and certain international best practices. This bulletin summarizes the proposed reforms as they would apply to public CBCA companies.

Majority Voting

Majority voting is already required under TSX rules. The CBCA majority voting requirement would apply to all public CBCA companies – no exemption is currently proposed for venture issuers. Key features of the CBCA rule would be as follows:

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

View source

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

The PULSE Report: Governance Of Ontario’s Electric Utilities And Implementation Of Required Changes

Ontario's PULSE report and Bill 140 propose sweeping governance reforms for municipally owned electricity distribution utilities and their holding companies, mandating independent boards and new capital planning requirements by 2027. These changes aim to attract institutional investment for $120 billion in infrastructure expansion, but will require utilities to restructure shareholder agreements, recruit new directors, and implement complex governance arrangements within an extremely compressed timeline.
CanadaCorporate/Commercial Law
Aird & Berlis LLP
Aird & Berlis LLP
Article

Charity And NPO Insights: Key Committee Recommendations For The 2026 Federal Budget

In September 2026, the House of Commons Standing Committee on Finance (the Committee) released its recommendations for the 2026 Federal Budget. While these recommendations do not form part of the Budget itself, they provide insight into current political policy priorities and proposals that may be reflected in future legislative and fiscal initiatives. In this article, we highlight several recommendations of particular relevance to charities and not-for-profit organizations, with a specific focus on the proposed social sector fund.
CanadaCorporate/Commercial Law
Cassels
Cassels
Article

October 2026 Amendments To Chambers Practice In British Columbia: What To Know

The amendments were developed with the input of stakeholders, including members of the judiciary, the legal profession, government ministries and the public, in response to ongoing concerns regarding chambers delays, scheduling inefficiencies, inaccurate time estimates, and matters that are set down for hearing but ultimately do not proceed as scheduled
CanadaCorporate/Commercial Law
Singleton Urquhart Reynolds Vogel LLP
Singleton Urquhart Reynolds Vogel LLP
Article

Be Careful What You Sign: Non Est Factum Remains A Difficult Defence To Establish

A recent British Columbia Supreme Court case reaffirms that non est factum—the legal doctrine allowing parties to void contracts signed under fundamental misapprehension—remains an exceptionally narrow defence. When guarantors attempted to escape liability by claiming limited English proficiency and misunderstanding the unlimited nature of their guarantees, the court rejected their defence, emphasizing that parties cannot avoid contractual obligations simply because they failed to seek proper
CanadaCorporate/Commercial Law
Watson Goepel LLP
Watson Goepel LLP
Article

The Compliance Judges’ Scorecard: OSC RIE Division 2026 Annual Report

Cybersecurity, artificial intelligence, fee practices and the quality of regulatory filings feature prominently in the Ontario Securities Commission’s (OSC) latest account of its registration and examination work. OSC Staff Notice 33-762, released on October 7, 2026, reports on the Registration, Inspections and Examinations Division’s (RIE) activities for the fiscal year ended March 31, 2026 (Staff Notice).
CanadaCorporate/Commercial Law
Borden Ladner Gervais LLP
Borden Ladner Gervais LLP
Article

Government Of Canada Makes Significant Changes To Energy Project Approvals Process

On September 3, the Government of Canada published amendments removing seven types of energy projects from the Physical Activities Regulations (the Project List) under the Impact Assessment Act (IAA). As a result, these types of projects will no longer be subject to the IAA but will continue to be regulated by the Canada Energy Regulator Act (CER Act) or applicable provincial environmental assessment regimes.
CanadaEnergy and Natural Resources
Torys
Torys
Article

New Flight Path: Canada Seeks Private Investment In Airports Through Long-term Concession Arrangements

Canada has announced plans to attract private investment through long-term concessions to operate its four largest airports: Toronto-Pearson, Vancouver International, Montréal-Trudeau, and Calgary International. The federal government will retain ownership of the underlying airport land and assets while seeking tens of billions of dollars in private capital to be reinvested in regional airports and local transport infrastructure. Key details regarding the scope of private operational involvement, award
CanadaGovernment, Public Sector
Torys
Torys
Podcast

BWA Morning Espresso: SCC Annuls The Federal Election In Terrebonne (Podcast)

The Supreme Court of Canada overturned a federal election result decided by a single vote after Elections Canada's postal code error prevented a voter from casting their mail-in ballot. The Court's majority found this administrative negligence constituted an irregularity warranting annulment, while the dissent argued such clerical errors shouldn't destabilize election finality.
CanadaGovernment, Public Sector
Torys
Torys