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ARTICLE · 30 MARCH 2022

Coming Soon: Changes To CBCA Director Elections – The Sequel

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

Blake, Cassels & Graydon LLP

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Effective August 31, 2022, certain long-awaited amendments (Amendments) to the Canada Business Corporations Act (CBCA) and related regulations administered by the Department of Industry...

CanadaCorporate/Commercial Law
Matthew Merkley
Matthew Merkley
Jeremy Ozier
Jeremy Ozier
Liz Litwack- Landsberg
Liz Litwack- Landsberg
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Effective August 31, 2022, certain long-awaited amendments (Amendments) to the Canada Business Corporations Act (CBCA) and related regulations administered by the Department of Industry (Regulations) impacting director elections will come into force. As noted in our April 2021 Blakes Bulletin: Coming Soon to the CBCA: Majority Voting and Voting Against Directors, the Amendments  were scheduled for implementation on July 1, 2021, but were subsequently pulled from the distribution schedule with no new date of release given.

BIG PICTURE: DIRECTOR ELECTIONS

The Amendments will require the following from distributing corporations (generally, public companies governed by the CBCA) in respect of director elections:

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