Advance notice provisions on the riseInteresting:
Canadian companies have adopted an avalanche of provisions in the past year requiring dissident shareholders to give them advance notice before they nominate new directors for their boards, raising concerns among some shareholder advocates that the rules could make it more difficult to launch battles to replace directors.
In 2012 and so far in 2013, 560 Canadian companies have adopted or announced so-called advance notice provisions, typically requiring shareholders to give them at least 30 days notice before their annual meetings of any director nominees they intend to propose for election from the floor at an annual meeting, according to a review by Toronto law firm McMillan LLP.
Full article:
https://secure.globeadvisor.com/servlet/ArticleNews/story/gam/20130822/RBSTREETADVANCENOTICE0820ATL
Best Regards, Fred