In order to comply with Canadian regulatory requirements of takeover bids, companies listed on Canadian exchanges must obtain shareholder approval for rights plans within 6 months of their being adopted by the board of directors. In addition, shareholder rights plans or “poison pills” must be periodically reconfirmed or renewed by the board and approved by shareholders.

To help Canadian corporations understand the mechanics and structure of shareholder friendly rights plans in Canada or “New Generation” rights plans, Risk Metrics Group has developed the Canadian Shareholder Rights Plan Advisory service. With this service, our corporate solutions team will review and provide comments on your plan, to help you align it with shareholder needs for an acceptable rights plan. Useful whether you have a new plan or are reconfirming an existing plan, this service will help you design a plan that reflects best practices and meets both the needs of your company and those of your shareholders.

Please contact us for more information about Canadian Shareholder Rights Plan Advisory.