15 oct. 2020 - Traduction en cours. BlackBerry Ltd. completed an amended debt refinancing transaction with its significant shareholder Fairfax Financial Holdings Limited (Fairfax), on September 1, 2020, after having made changes to the transaction terms on two separate occasions. These included...
Let’s Take This Online: Virtual Shareholders’ Meetings in 2020 and Beyond
Chapter 5 of Davies Governance Insights 2020
Traduction en cours.
In Canada, virtual shareholders’ meetings began growing in popularity in 2019. A year later, they have become the new normal in a period devoid of normalcy. In this chapter, we explore how the COVID-19 pandemic has changed the landscape of annual shareholders’ meetings, and discuss key considerations for issuers evaluating whether and how to hold a virtual meeting in the current and post-pandemic eras. We expect the number of virtual-only meetings in 2021 to be significantly higher than that in 2019, particularly in the absence of a vaccine prior to the start of the 2021 proxy season; however, in the medium to long term, we predict a substantial portion of Canadian reporting issuers will revert to in-person meetings supplemented by a virtual component (i.e., hybrid-virtual meetings).
This chapter appears in the 2020 edition of Davies Governance Insights, our comprehensive annual report on the trends and issues most important to Canadian public companies.
5 oct. 2020 - Traduction en cours. The reasonableness of executive compensation arrangements has long been a contentious issue. The COVID-19 pandemic has accelerated pre-existing trends and introduced new challenges, including increased concerns about the widening pay gap between executives and...