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TELUS Corporation obtains court order to hold virtual-only shareholder meeting

Author(s): Andrew MacDougall, John M. Valley, Trevor R. Scott, Emily MacKinnon

Mar 12, 2020

For further information on the changes below, please contact one of the authors above or any member of our Corporate Governance Group.

On March 11, 2020, the British Columbia Supreme Court granted TELUS Corporation an order permitting it to hold its 2020 annual general meeting of shareholders as a virtual-only shareholder meeting. The order was granted pursuant to the authority of a court under section 186 of the British Columbia Business Corporations Act to call a shareholder meeting in the manner that the court directs. Similar provisions exist under the corporate statutes of all other Canadian jurisdictions except the Nova Scotia Companies Act. Among other things, the order deemed shareholders who participate in the virtual-only meeting to be present at the meeting and deemed the meeting to be held at the location of TELUS’ registered office.

For more information regarding virtual shareholder meetings in Canada, view our recent Osler Update, “Let’s meet – just not in person: Taking your annual shareholder meeting online (in a coronavirus world).”