• HC-7.2 HC-7.2 Shareholders of the Same Type, Class and Series

    • HC-7.2.1

      All shareholders of the same type, class and series must be treated equally.

      July 2011

    • HC-7.2.2

      Within any type, series or class, all shares must carry the same rights. All investors should be able to obtain information about the rights attached to all types, series or classes of shares before they purchase. Any changes in voting rights must be subject to approval by those shareholders which are negatively affected.

      July 2011

    • HC-7.2.3

      Minority shareholders must be protected from abusive actions by, or in the interest of, controlling shareholders acting either directly or indirectly, and must have effective means of redress.

      July 2011

    • HC-7.2.4

      The board and corporate secretary must encourage the attendance of shareholders at all shareholder meetings, in order for shareholders to exercise their right to vote at such meetings.

      July 2011

    • HC-7.2.5

      Where shareholders are unable to attend, companies must make provision for such shareholder to vote by proxy, subject that such proxy is revocable and provides for two-way voting item by item (yes/no) and where proxies are provided to board members or senior management, that such proxy shall not exceed 5% of the eligible votes.

      July 2011

    • HC-7.2.6

      Votes must be cast by custodians or nominees in a manner agreed upon with the beneficial owner of the shares.

      July 2011

    • HC-7.2.7

      Impediments to cross border voting must be eliminated.

      July 2011

    • HC-7.2.8

      Processes and procedures for general meetings must allow for equitable treatment of all shareholders. Company procedures must not make it unduly difficult or expensive to cast votes.

      July 2011