June 20, 2024 - When is a board of directors permitted to withhold information from one of its members? Although the Canadian corporate statutes generally grant directors a blanket right to inspect board and committee minutes, there is uncertainty as to whether a board could nonetheless withhold from a director...
In the News
Patricia Olasker Speaks About Shareholder Activism in Canada on The Activist Insight Podcast
In an interview with The Activist Insight Podcast, Patricia Olasker speaks about the current climate of shareholder activism in Canada – most notably in the cannabis and mining sectors – and how companies can defend themselves against short-selling attacks.
While the nascent cannabis industry has until this point been dominated by shareholder-led activist campaigns, Patricia notes that we are starting to see signs of the emergence of traditional activism. In the mining sector, Patricia predicts that high levels of activist interest will continue, and that companies that are underperforming will feel pressure to ride the consolidation wave that’s been rippling through the industry.
Related
Bill S-285: A Canadian Contribution to the Stakeholder Governance Debate
June 11, 2024 - Senator Julie Miville-Dechêne recently introduced the 21st-Century Business Act (Bill S-285), a Senate public bill that proposes substantive amendments to the Canada Business Corporations Act (CBCA). The legislative proposal seeks to define the “purpose” of business corporations...
