I believe Quebec will be the first jurisdiction that I'm aware of that will do such a thing. That's why I say it was innovative. I don't know whether it's a good idea or not; I think we'll just have to see. But I think there's a logic to it.
Certainly I know that around 2004 there were some discussion papers on the previous round of CBCA amendments mooting the idea of a director-less corporation in certain circumstances. This is a very narrow situation where you would have unanimous shareholder agreement, where the shareholders would take on the liability of the directors, so you're really getting rid of something that's a pure formality at that stage.
I don't know of a jurisdiction that actually has this exact model yet.