Post by
romara on Oct 29, 2022 7:48pm
So .... What Are We Gping To Do
Do we vote FOR the Special Resolution, that takes the company (MMY) out of the Canada Business Corporation Act (CBCA) which requires at least 25% of the Directors be ordinary residents in Canada.
or,
Do we vote AGAINST the Special Resolution, which would make the company (MMY) not have at least 25% of Directors be ordinary residents residing in Canada..
So, all you have to do is make your choice, do you want at least 25% of the Directors residing in Canada, or do you not care where people come from to be on the Board of Directors as a Director.
The company must obtain the approval of its shareholders to the Continuance Resolution by way of a special resolution to be passed by not less then two-thirds (66 2/3%) of the votes cast at the meeting in person, or by proxy
So, if the company does not get their two-thirds (66 2/3%) FOR, they have failed to pass the resolution.
It's our choice
...... Richard