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The precedent made it easy for corporations to exclude almost any proposal from their proxy circulars until 2001, when this clause was eliminated as part of a broader set of Canada Business Corporations Act (CBCA) reforms. For example, we developed a significant investor presence on issues of forest land management.
Likewise, companies in all sectors have been rushing to divest of holdings in Russia , or halt operations there. The question is whether these developments the a priori good things which they are presented as being, or is the situation actually rather more nuanced?
The rigid structure he refers to is the ‘whole-business securitisations’ financing model, first carried out by Welsh Water in 2001 and taken up by others since, including Thames Water. Ultimately, class A debt in the securitisations is still highly rated,” said Huxham.
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