The Lexpert Guides to the Leading US/Canada Cross-Border Corporate and Litigation Lawyers in Canada profiles leading business lawyers and features articles for attorneys and in-house counsel in the US about business law issues in Canada.
Issue link: https://digital.carswellmedia.com/i/138095
ADVANCE NOTICE REQUIREMENTS f g ADVANCE NOTICE REQUIREMENTS FOR DIRECTOR NOMINATIONS COME TO CANADA ADVANCE NOTICE REQUIREMENTS FOR DIRECTOR NOMINATIONS HAVE GAINED ACCEPTANCE IN CANADA. AN ADVANCE NOTICE BYLAW OR POLICY REQUIRES ANY SHAREHOLDER PROPOSING TO NOMINATE A DIRECTOR FOR ELECTION TO PROVIDE ADVANCE NOTICE TO THE COMPANY. ADVANCE NOTICE REQUIREMENTS ENCOURAGE AN ORDERLY AND INFORMED PROCESS FOR THE ELECTION OF DIRECTORS. THEY ALSO PREVENT THE REPLACEMENT OF A BOARD OF DIRECTORS BY A DISSIDENT SHAREHOLDER USING A STEALTH PROXY CONTEST OR AMBUSH. By Trevor R. Scott and Teresa M. Tomchak; Farris, Vaughan, Wills & Murphy LLP www.lexpert.ca | LEXPERT • June 2013 | 39 C-00-Firm.indd 39 13-05-17 10:06 AM