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ARTICLE · 03 JUNE 2015

CCGG Proposes Enhanced Proxy Access Rules

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There has been significant discussion recently in Canada and internationally about the merits of, and methods for, "proxy access", which potentially would increase shareholder involvement in the director nomination process.

CanadaCorporate/Commercial Law
Jonathan Lampe
Jonathan Lampe
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There has been significant discussion recently in Canada and internationally about the merits of, and methods for, "proxy access", which potentially would increase shareholder involvement in the director nomination process. While the Canadian corporate statutes provide shareholders holding an interest of at least 5% in a company the right to "proxy access" in respect of the nomination of directors, this right has certain limitations and has been exercised sparingly.

The Canadian Coalition for Good Governance (CCGG) this month published a policy paper entitled Shareholder Involvement in the Director Nomination Process: Enhanced Engagement and Proxy Access encouraging public companies to:

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