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ARTICLE · 06 APRIL 2020

Securities Regulators Provide Guidance For Agms During COVID-19 Outbreak

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As discussed in our earlier update, COVID-19 and Annual Shareholder Meetings, many issuers are reconsidering certain elements of their upcoming annual shareholders meeting (AGM).

CanadaCorporate/Commercial Law
William Osler
William Osler
Nicholas Fader
Nicholas Fader
Kristopher R. Hanc
Kristopher R. Hanc
Steven Bodi
Steven Bodi
Emerson Frostad
Emerson Frostad
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As discussed in our earlier update, COVID-19 and Annual Shareholder Meetings, many issuers are reconsidering certain elements of their upcoming annual shareholders meeting (AGM). The regulatory reaction to this trend has become clearer in the past few days. The Canadian Securities Administrators (CSA) have confirmed an accommodative approach vis-à-vis issuers who choose to hold a virtual or hybrid AGM to comply with social distancing measures recommended or imposed by governments or public health authorities. This blog summarizes recent CSA guidance and draws attention to additional considerations for issuers as they work to ensure compliance with applicable corporate and securities laws.

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