GREY:HRIVF - Post by User
Post by
discern1on Sep 07, 2011 11:28am
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Post# 19017999
Anyone able to travel to the Yukon?
Anyone able to travel to the Yukon?
An important step for minority shareholders would be for someone to actually go to the office of HRG and ask to see all public records. According to what is written below (this is Ontario law, however Yukon is supposed to be the same) any shareholder has the right to have access to the books and records of the corporation and to make copies of any records.
Access to Information
Key to a shareholder's ability to exercise the right to vote is access to information about the business and affairs of the company. The OBCA, as with other corporate statutes, provides that a corporation shall prepare and maintain in a designated place certain types of records. These include:
- the articles and by-laws of the corporation and all amendments thereto;
- copies of any unanimous shareholders agreements known to the directors;
- minutes of meetings and resolutions of shareholders;
- a register of directors setting out specified information; and
- a securities register setting out certain specified information
In addition, the corporation is to prepare adequate accounting records and a record of directors' meetings and meetings of any committee thereof. Shareholders and creditors and their agents and legal representatives are to be provided access to the books and records maintained by the corporation during the usual business hours of the corporation and are permitted to take extracts of the records where appropriate.