LAW 533 Chapter Notes - Chapter 3: Socially Responsible Investing, Financial Statement, Enbridge
30 Dec 2019
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Chapter 3: shareholders, social responsibility investment and the law. 5 circumstances where a corporation does not have to circulate a proposal: Proposal isn"t submitted to the corporation at least 90 days before the date of notice of the last annual meeting. The proposing shareholder made a proposal in the last 2 years, and failed to show up, in person or by proxy, to speak at the meeting. Substantially the same proposal was submitted within the last 5 years to a meeting of shareholders and the prescribed level of support was obtained. The right to make a proposal is being abused to secure publicity (cbca s. 137(5)) The 2001 amendments replace the social-cause exclusion with the exclusion for matters not relating to the business of affairs of the corporation in a significant way. Goldcorp has been provided a role on this steering committee.
