Banks and insurance companies get court order to hold electronic annual meetings

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Canada's securities regulators suggests companies don't have to resend proxy-related materials to shareholders if they plan to move annual meetings online because of COVID-19.

Canadian Securities Administrators issued guidance Friday after the country's largest banks and insurance companies obtained a court order allowing them to hold the meetings using electronic means.

If proxy-related materials haven't been sent, companies should consider disclosing the possibility of meeting changes because of steps taken to slow the spread of the novel coronavirus. Companies planning to hold virtual meetings or hybrid events, including in-person meetings that also permit participation through electronic means, should tell securityholders in a timely manner how they can access, participate and vote.

The banks and insurers have obtained a court order that will allow them to make the change in lieu of in-person annual meetings.

 

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Pick a colour, red is a billion dollar bailout from Trudeau, blue is 5 billion, orange means we get Quebec.

Maybe they can get court order to stop fucking us over.

Car insurance should have to drop prices to with less traffic on the roads!

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