The Canadian Telecommunications Association (CTA)—the industry group representing the likes of Bell and Rogers—wants Canadians to believe that letting these telecom giants resell internet access on competitor networks will hurt investment, stall network upgrades, and slow down rural expansion. In a recent op-ed published in The Hill Times on June 11, association president Robert Ghiz (former
They were considering selling 49%, but the percentage is meaningless without looking at the articles, the bylaws, and resolutions.
A lot of corporations make things more strict than the Bus Corp. act.
You can always make things more strict, you can’t make them more lax.
In fact, some things require a “Special Resolution” which is 2/3rds.
BUT, that can mean 2/3 of the shareholders who show up, as long as enough people show up to make a quorum.
And a quorum can be as small as 1 person, again, depending on the Articles, bylaws, and resolutions.
They were considering selling 49%, but the percentage is meaningless without looking at the articles, the bylaws, and resolutions. A lot of corporations make things more strict than the Bus Corp. act. You can always make things more strict, you can’t make them more lax.
In fact, some things require a “Special Resolution” which is 2/3rds.
BUT, that can mean 2/3 of the shareholders who show up, as long as enough people show up to make a quorum.
And a quorum can be as small as 1 person, again, depending on the Articles, bylaws, and resolutions.
If you feel like learning about the Saskatchewan Business Corporations act, here is it:
https://www.canlii.org/en/sk/laws/astat/ss-2021-c-6/latest/ss-2021-c-6.html