LAW 533 Lecture Notes - Lecture 3: Dow Chemical Company, Climate Risk, Management System
16 Sep 2016
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Chapter 3: csr, shareholders, social responsibility investment and the law. Shareholder proposals: cbca provides limited rights for shareholders. They are able to add items to the agenda (cbca,s. 137) key section; such as amendments of by-laws and articles ( cbca ss. 103(5) and 175(1). He or she must submit a proposal of the matter they wish to discuss. Corporations may (if required under s. 150) have to send out a management proxy circular including: the proposal and supporting statement ( which should not exceed 500 words). The proposal may include: nominations for the election of directors (only if the proposal is signed by holders of not less than 5% of the shares that are entitled to vote) In order to submit a proposal shareholders must: hold voting shares that are equal to at least 1% of total voting shares outstanding at the date the proposal is submitted and worth at least.
