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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شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

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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Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Hotel Association of Canada warns of impact of COVID-19 on businessThe Hotel Association of Canada is warning that the industry is going to be devastated as travel comes to a halt in a bid to slow the spread of COVID-19. boohoo. people are gonna die. businesses are not people. EVERY INDUSTRY is warning about the impact of COVID-19. It effects absolutely all of us. Where is captain obvious..? 😬😂😂😂😇
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