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“AI and sustainability - cure or curse?”
While AI can help resolve data issues in sustainable investing, it can create problems such as information breaches and inherent bias in data.
Canada | Publication | March 24, 2020 - 1 PM ET
On March 20, the CSA issued guidance on holding virtual or hybrid AGMs in light of increasing COVID-19 concerns (the Guidance).
Many companies are considering holding virtual or hybrid meetings in light of current social distancing measures. For a more detailed discussion regarding virtual meetings, see our earlier legal update.
The Guidance provides the following:
If a meeting has already been called and materials sent / posted on SEDAR:
If a company has not yet sent its AGM materials:
The company should consider including disclosure in its proxy-related materials regarding the possibility of changes to the date, time or location / format of the meeting due to COVID-19.
In all cases, a company planning to conduct a virtual or hybrid AGM, must notify its shareholders and other market participants in a timely manner with clear directions on the logistical details of the virtual or hybrid AGM, including how shareholders can remotely access, participate in, and vote at such AGM.
The Guidance applies to all business transacted at AGMs (including the election of directors and approval or amendments to equity incentive plans). If a company is involved in a proxy contest, holding a special meeting to approve an M&A transaction or seeking approval under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions, it should contact its principal regulator to discuss any additional implications on such meetings.
The Guidance does not address provisions under applicable corporate law or the company’s constating documents related to holding virtual AGMs – companies should consult their legal counsel to discuss the implications of same.
Publication
While AI can help resolve data issues in sustainable investing, it can create problems such as information breaches and inherent bias in data.
Publication
With the Court of Final Appeal (CFA) decision of Tam Sze Leung & Ors v Commissioner of Police [2024] HKCFA 8 being handed down on 10 April 2024, the legality and constitutionality of the use of “Letters of No Consent” (LNCs) by the Police has been finally confirmed.
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