“Say on Pay” Legislation: A Brief and Non-Binding Overview

What is “Say on Pay”? “Say on pay” is a phrase that has been gaining currency in the past several years.  It refers to legislation that gives a firm's shareholders the right to vote on the remuneration of executives.  This type of legislation is one of the responses to soaring executive compensation which is too often uncorrelated to [...]

By |2020-07-29T10:30:10-07:00July 29th, 2020|Blog, Canada Business Corporations Act, Corporate Law|

British Columbia’s New Benefit Company Legislation

British Columbia recently became the first Canadian province to allow the establishment of benefit companies. Businesses can now apply to become a benefit company under the BC Business Corporations Act (the “Act”). What is a benefit company? Maryland was the first state to allow the creation of benefit companies under law. Since then, 36 US [...]

Member-Funded Societies – a New Addition to the BC Societies Act

Member-Funded Societies BC’s new, modernized Societies Act came into force on November 28, 2016. The new and improved legislation includes significant updates allowing for increased flexibility in how societies operate.  The concept of member-funded societies is one of these substantial changes. According to the new Act, member-funded societies will be treated differently than charities and [...]

By |2020-04-06T08:11:58-07:00February 23rd, 2017|BC Societies, Blog|