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Goodmans Publications

CCGG Proposes Enhanced Proxy Access Rules

May-29-2015

Area Corporate Finance and Securities

Summary

There has been significant discussion recently in Canada and internationally about the merits of, and methods for, “proxy access”, which potentially would increase shareholder involvement in the director nomination process.  While the Canadian corporate statutes provide shareholders holding an interest of at least 5% in a company the right to “proxy access” in respect of the nomination of directors, this right has certain limitations and has been exercised sparingly.

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