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ARTICLE · 30 MARCH 2020

Legal And Practical Considerations For Virtual Shareholder Meetings

Goodmans LLP
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As measures to combat the spread of COVID-19 intensify in the midst of proxy season, many Canadian public companies are considering hosting their annual shareholders meetings ...

CanadaCorporate/Commercial Law
Tara Hunt
Tara Hunt
Chris Sunstrum
Chris Sunstrum
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Summary

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As measures to combat the spread of COVID-19 intensify in the midst of proxy season, many Canadian public companies are considering hosting their annual shareholders meetings either exclusively through an online platform (so-called "virtual meetings") or as "hybrid meetings", which provide for online participation while also allowing meeting participants to attend in person. Given the uncertainty about whether large in-person gatherings will be permitted or advisable later in April, May and June when many annual shareholder meetings are scheduled to be held, companies are exploring the possibility of virtual-only meetings. This Update provides an overview of some of the key legal and practical considerations when deciding whether to proceed with a virtual shareholder meeting.

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The content of this article does not constitute legal advice and should not be relied on in that way. Specific advice should be sought about your specific circumstances.

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