The Canadian Securities Administrators (CSA) have introduced temporary measures to address challenges caused by Canada’s postal service disruption. These measures allow reporting issuers to use alternative methods for delivering proxy-related materials for annual meetings, ensuring shareholders can continue to access key information and vote effectively.
Your can read CSA's announcement here.
Key points of the relief include:
· Scope: Applicable only for routine annual meeting matters (e.g., election of directors, appointment of auditors, and executive compensation).
· Exclusions: Special resolutions, contested matters, and shareholder proposals are not eligible.
· Disclosure Requirements: Proxy materials must be filed on SEDAR+ and posted on the issuer’s website. A news release must also provide clear instructions for accessing materials and voting.
These measures are in place to maintain corporate governance while accommodating current logistical constraints.