TSXV:RZL.H - Post by User
Comment by
Maupition Mar 29, 2014 6:55am
113 Views
Post# 22385124
RE:25% in the Bord of Directors must be Canadian nationals ???
RE:25% in the Bord of Directors must be Canadian nationals ???Chapter 7 - Organizing Your Corporation: The Directors
Ordinarily, at least 25 percent of the directors of a corporation must be resident Canadians. However, if a corporation has fewer than four directors, then at least one of them must be a resident Canadian. In addition, corporations operating in sectors subject to ownership restrictions (such as airlines and telecommunications) or corporations in certain cultural sectors (such as book retailing, video or film distribution) must have a majority of resident canadian directors.
https://www.ic.gc.ca/eic/site/cd-dgc.nsf/eng/cs04848.html