Stephen Erlichman recently wrote “Majority Voting: Latest Developments in Canada”, a short piece published in the March 22 edition of the Harvard Law School Forum on Corporate Governance and Financial Regulation. The article explains the latest developments in Canada with respect to 1) the Toronto Stock Exchange’s new guidance with respect to its majority voting listing requirement, 2) the federal government’s Bill C-25 that proposes amendments to the Canada Business Corporations Act which include true majority voting for directors, and 3) Ontario’s Business Law Advisory Council’s recent statement with respect to majority voting.
