Corporations Canada Seeking Feedback on Proposed CBCA Regulations | Blake, Cassels & Graydon LLP
[co-author: Karam Putros, Articling Student] In June 2019, the federal government adopted the Canada Business Corporations Act (CBCA). Among these were amendments (Amendments) that will require certain CBCA corporations to provide disclosure on compensation clawback mechanisms and the well-being of employees, retirees and pensioners, and hold annual advisory “say-on-pay” votes (see our April 2019 The coming into force of the Amendments is tied to the implementation of associated regulations identifying the corporations to be subject to the Amendments, prescribing the time, manner and co...
Source: jdsupra.com