In response to the threat of a shareholder ambush of director nominations at a shareholder meeting, many Canadian companies have adopted advance notice provisions (ANPs). ANPs require that shareholders inform a company by a certain deadline if they
annual meeting
Delaware Supreme Court provides guidance on the interpretation of advance notice bylaws
According to a recent Delaware Supreme Court decision, advance notice bylaws are to be interpreted by “their commonly accepted meaning unless the context clearly requires a different one or unless legal phrases having a special meaning are used.”[1] The plain…