FEDERAL BILL

Bill S-216, An Act To Provide The Means To Rationalize The Governance Of Canadian Public Corporations

FEDERAL BILL - ENACTS A NEW STATUTE

1st Reading
January 27, 2016


SUMMARY This enactment limits the cumulative period that an individual may sit on the board of directors of a Canadian public corporation to 96 months and prohibits an individual from sitting on the board of more than four Canadian public corporations at the same time. It also places strict limits on the remuneration these corporations may pay their officers and directors and the benefits they m... (Click for more)


House

1st Reading 2nd Reading 3rd Reading

Senate

1st Reading 2nd Reading 3rd Reading
Jan 26, 2016

Published on January 27, 2016

Bill Summary

Bill S-216, An Act To Provide The Means To Rationalize The Governance Of Canadian Public Corporations

SUMMARY

This enactment limits the cumulative period that an individual may sit on the board of directors of a Canadian public corporation to 96 months and prohibits an individual from sitting on the board of more than four Canadian public corporations at the same time. It also places strict limits on the remuneration these corporations may pay their officers and directors and the benefits they may grant in connection with their functions.

This Bill does not amend any statutes.

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