Advance Notice By-LawJust a quick summary of advance notice by-law.
Advance notice provisions have been designed to prevent shareholders from nominating directors through a proxy fight or an ambush, without in each case providing an issuer with adequate time to consider and respond in an informed way to such proposed nominations. Advance notice provisions benefit shareholders by: ensuring that all shareholders – including those participating in a meeting by proxy rather than in person – receive adequate notice of the nominations; allowing shareholders to register an informed vote; facilitating an orderly and efficient meeting process; preventing an ambush.