LAW 533 Lecture Notes - Lecture 3: Corporate Social Responsibility, Marlin Mine, Goldcorp

• School: Ryerson University
• Department: Law and Business
• Course: LAW 533
• Professor: Kernaghan Webb

Document Summary

Cbca provides limited right for shareholders to add items to the agenda (shareholder proposal of any matter proposed to discuss) (cbca s. 137) Cbca: corporation does not have to circulate proposal if it clearly appears that the proposal does not relate in any significant way to the business or affairs of the corporation. Prior to 2001 amendments, the cbca contained another limitation: a corporation could refuse to distribute a proposal if it was primarily for the purpose of promoting general economic, political, racial, religious, social, or similar causes. Prior to 2001 amendments, proposal to have corporation divest investments in south africa ruled to be for the purpose of promoting a political or social cause, so corporation not obliged to distribute it. at the close of business on the day before it is submitted; and: have held the shares for at least six months prior to the date of submitting the proposal.