Banks, insurers seek court approval to hold online annual meetings amid coronavirus outbreak [Toronto Globe and Mail (Ontario, Canada)]
Bank Of Montreal (BMO)
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Source: Toronto Globe and Mail
Banks, insurers seek court approval to hold online annual meetings Some of Canada’s biggest financial institutions will jointly seek a court order on Friday authorizing them hold virtual-only annual general meetings in light of the coronavirus pandemic, according to people familiar with the matter. The group, which is being represented by Torys LLP, consists of eight banks and three insurance companies, those people said. The Globe and Mail is not identifying the sources because they are not authorized to speak publicly about the matter. Royal Bank of Canada, Toronto-Dominion Bank, Bank of Nova Scotia, Bank of Montreal, Canadian Imperial Bank of Commerce, National Bank of Canada, Canadian Western Bank and Laurentian Bank of Canada are the major lenders in the group. The three insurers are Manulife Financial Corp., Great-West Lifeco Inc. and Sun Life Financial Inc., the sources added. Some banks said on Tuesday they were examining their options regarding annual meetings, given the grow
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