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ARTICLE · 31 MARCH 2020

Diving Deeper: AGM Developments In The Context Of COVID-19

Fasken
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Fasken recently published two articles (on March 12 and March 13, 2020) relating to alternatives to in-person annual shareholders' meetings in the context of the COVID-19 pandemic.

CanadaCorporate/Commercial Law
Alexandra Freedman
Alexandra Freedman
Guillaume Saliah
Guillaume Saliah
Claudie Fréchette
Claudie Fréchette
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Fasken recently published two articles (on March 12 and March 13, 2020) relating to alternatives to in-person annual shareholders' meetings in the context of the COVID-19 pandemic. In light of the rapidly evolving circumstances and the ongoing proxy season, we have detailed recent developments and trends in the area in order to provide a road-map to corporations navigating this process.

Recent Trends

In the week since our last bulletin, the following developments and trends have emerged:

  • Relaxed regulatory requirements: In response to COVID-19, on March 20, 2020, the Canadian Securities Administrators issued guidance to issuers with respect to hybrid and virtual meetings, as outlined below.Securities regulators in the United States have also announced similar permissive proxy rules. This guidance provides corporations with welcomed regulatory flexibility to make changes to the date, time, location and format of their meetings to better respond to the

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