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ARTICLE · 16 APRIL 2020

Corporations Canada Issues Guidelines For AGMs During COVID-19

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Corporations Canada has outlined some options for federal corporations to consider in order to remain compliant under the Canada Business Corporations Act

CanadaCorporate/Commercial Law
Katherine Carre
Katherine Carre
Victoria Prince
Victoria Prince
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Corporations Canada has outlined some options for federal corporations to consider in order to remain compliant under the Canada Business Corporations Act and the Canada Not-for-profit Corporations Act as the COVID-19 pandemic continues to develop. Corporations Canada sent out the following communication on March 26, 2020:

Annual meetings of federal corporations during the COVID-19 outbreak

By law, federally incorporated businesses and not-for-profit corporations have to hold an annual general meeting of shareholders or members every year. This is so that shareholders and members can make governance decisions based on current information, and have confidence to continue to support the business or not-for-profit.

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