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Corporate governance: New corporate rules and enhanced societal expectations

Author(s): John M. Valley, Andrew MacDougall, Justin Sherman

Jan 11, 2023

There have been rapid developments in ESG-related corporate governance over the past year, including increased ESG-related activism, evolving expectations relating to mandatory climate-related disclosure and developments in diversity. We discuss these developments further in our ESG article.

At the same time, several ongoing and new corporate law changes are affecting, in a less dramatic fashion, the ways corporations are governed. These include changes to the Canada Business Corporations Act (CBCA) in relation to director elections and shareholder proposals, as well as amendments to the Alberta Business Corporations Act (ABCA) in relation to unanimous shareholder agreements, shareholder resolutions and other matters intended to reduce administrative burdens. We review the impact of these changes as well as a number of other developments in areas such as financial institution legislative reform, universal proxy requirements in the U.S. and board diversity...

Read or listen to this Legal Year in Review 2022 article