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Impact of COVID-19 on Annual Shareholder Meetings
Practical Law Canada Legal Update w-024-7833 (Approx. 3 pages)
Impact of COVID-19 on Annual Shareholder Meetings
by Practical Law Canada Corporate & Securities
| Published on 31 Mar 2020 • Canada (Common Law) |
Practical Law Canada has published Practice Note, What's Market: Impact of COVID-19 on Annual Shareholder Meetings to provide an overview of the current legal framework applicable to virtual meetings in Canada and a general survey of the approaches being adopted by certain public companies in Canada in connection with their 2020 annual meetings in response to COVID-19.
The outbreak of 2019 novel coronavirus disease (COVID-19) and the current best public health practice to avoid unnecessary meetings are causing Canadian companies to consider using available technology to:
- Replace their physical shareholder meeting with a virtual meeting.
- Limit in-person attendance at a physical meeting by webcasting the meeting and encouraging shareholders to vote by proxy in advance of the meeting.
As a supplement to our existing resources on this topic, Practical Law Canada has published Practice Note, What's Market: Impact of COVID-19 on Annual Shareholder Meetings to provide an overview of the current legal framework applicable to virtual meetings in Canada and a general survey of the approaches being adopted by certain public companies in Canada in connection with their 2020 annual meetings.
For additional resources on this topic, see the following Practical Law resources: