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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