Bill S-205 (Historical)

Governance of Canadian Businesses Emergency Act, 2010

An Act to provide the means to rationalize the governance of Canadian businesses during the period of national emergency resulting from the global financial crisis that is undermining Canada's economic stability

This bill is from the 40th Parliament, 3rd session, which ended in March 2011.

Status

Second reading (Senate), as of Feb. 16, 2011
(This bill did not become law.)

Summary

This is from the published bill.

This enactment imposes limits on the remuneration that Canadian business companies receiving emergency financial relief from the federal authorities may pay to their officers and prohibits these companies from paying dividends to their shareholders. It also imposes restrictions on business corporations incorporated federally in respect of the remuneration they may pay to their officers and directors and the benefits they may grant to them.

Similar bills

S-216 (42nd Parliament, 1st session) Canadian Public Corporations Governance Act

Elsewhere

All sorts of information on this bill is available at LEGISinfo, an excellent resource from the Library of Parliament. You can also read the full text of the bill.

Bill numbers are reused for different bills each new session. Perhaps you were looking for one of these other S-205s:

S-205 (2021) Law An Act to amend the Criminal Code and to make consequential amendments to another Act (interim release and domestic violence recognizance orders)
S-205 (2020) An Act to amend the Parliament of Canada Act (Parliamentary Visual Artist Laureate)
S-205 (2019) An Act to amend the Constitution Act, 1867 and the Parliament of Canada Act (Speaker of the Senate)
S-205 (2015) An Act to amend the Canada Border Services Agency Act (Inspector General of the Canada Border Services Agency) and to make consequential amendments to other Acts
S-205 (2013) An Act to amend the Official Languages Act (communications with and services to the public)
S-205 (2011) An Act to amend the Income Tax Act (carbon offset tax credit)