Proposal

Business Law Advisory Council Fall 2016 Report

Regulation Number(s):
-
Bill or Act:
-
Summary of Proposal:
The Ministry of Government and Consumer Services sought public feedback on the draft report of the Business Law Advisory Council (BLAC) to the Minister of Government and Consumer Services on priorities and recommendations for reform of Ontario's corporate and commercial legislation from November 16 to December 12, 2016.

Following the Council's consideration of the consultation feedback, the Council has now finalized the report. Attached is the final report submitted by BLAC to the Minister on February 3, 2017.

This report suggests recommendations to amend the following acts:
• the Business Corporations Act
• the Personal Property Security Act
• the Arthur Wishart Act (Franchise Disclosure), 2000 (and the General Regulation under the Act)

It also now includes the following three issues for future consideration:
• board diversity
• majority voting
• benefit corporations
Further Information:
Proposal Number:
16-MGCS022
Posting Date:
March 7, 2017
Comments Due Date:
March 7, 2017
Contact Address:
Ministry of Government and Consumer Services
Policy Branch
6th Floor, 56 Wellesley Street West
Toronto ON M7A 1C1
Attention: Business Law Review