Delayed coming into force of proposed regulations related to Bill C-25
The proposed amendments will not come into force on July 1, 2021 as planned. Further details on the new date will follow.
We anticipate the new coming into force date to be outside of the proxy season to ensure that the proposed changes to the election of directors' process will minimally disrupt the election of directors at the annual shareholders' meetings.
The proposed regulations are related to Bill C-25, An Act to amend the Canada Business Corporations Act, the Canada Cooperatives Act, the Canada Not-for-profit Corporations Act and the Competition Act.
- Date modified: