Pre-merger notification interpretation guideline number 9 : shareholder agreements.: Iu54-35/9-2011E-PDF
"Arrangements between parties to a shareholder agreement regarding the number of votes to be cast for the election of directors will not alter the basis for determining whether a person controls a corporation for purposes of paragraph 2(4)(a) of the Act and, hence, whether two corporations are affiliated under subsection 2(2) of the Act. Accordingly, when interpreting "control" in paragraph 2(4)(a) in the context of a shareholder agreement, it is the number of voting shares owned by each shareholder which is relevant, not the number of votes for the election of directors which each shareholder will exercise pursuant to the shareholder agreement"--Policy, p. 3.
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| Department/Agency |
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|---|---|
| Title | Pre-merger notification interpretation guideline number 9 : shareholder agreements. |
| Variant title |
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| Publication type | Monograph |
| Language | [English] |
| Other language editions | [French] |
| Format | Digital text |
| Electronic document | |
| Note(s) |
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| Publishing information |
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| Description | 4 p. |
| ISBN | 978-1-100-18854-6 |
| Catalogue number |
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| Departmental catalogue number | 60919 |
| Subject terms |
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