Bill C-25 (Historical)

An Act to amend the Canada Business Corporations Act, the Canada Cooperatives Act, the Canada Not-for-profit Corporations Act, and the Competition Act

Part 1 amends the Canada Business Corporations Act, the Canada Cooperatives Act and the Canada Not-for-profit Corporations Act to, among other things,
(a) reform some aspects of the process for electing directors of certain corporations and cooperatives;
(b) modernize communications between corporations or cooperatives and their shareholders or members;
(c) clarify that corporations and cooperatives are prohibited from issuing share certificates and warrants, in bearer form; and
(d) require certain corporations to place before the shareholders, at every annual meeting, information respecting diversity among directors and the members of senior management.
Part 2 amends the Competition Act to expand the concept of affiliation to a broader range of business organizations.

The House resumed from June 20 consideration of Bill C-25, An Act to amend the Canada Business Corporations Act, the Canada Cooperatives Act, the Canada Not-for-profit Corporations Act, and the Competition Act, as reported (with amendment) from the committee, and of the motions in Group No. 1.

Canada Business Corporations Act

[The Speaker, Geoff Regan]

Pursuant to an order made on Tuesday, May 30, 2017, the House will now proceed to the taking of the deferred recorded division on the motion at report stage of Bill C-25.

The question is on Motion No. 1.

(The House divided on the motion, which was negatived on the following division:)

Vote #347

[The Speaker, Geoff Regan]

I declare Motion No. 1 defeated.

[Carla Qualtrough, Liberal, Delta, BC]

moved that the bill be concurred in.

[The Speaker, Geoff Regan]

Is it the pleasure of the House to adopt the motion?

[Some hon. members]

Agreed.

No.

[The Speaker, Geoff Regan]

All those in favour of the motion will please say yea.

[Some hon. members]

Yea.

[The Speaker, Geoff Regan]

All those opposed will please say nay.

[Some hon. members]

Nay.

[The Speaker, Geoff Regan]

In my opinion the yeas have it.

And five or more members having risen:

[Pablo Rodriguez, Liberal, Honoré-Mercier, QC]

Mr. Speaker, I believe that if you seek it, you will find agreement to apply the results of the previous vote to this vote, with the Liberal members voting in favour.

[Gord Brown, Conservative, Leeds—Grenville—Thousand Islands and Rideau Lakes, ON]

Mr. Speaker, the Conservatives agree to apply and will be voting yes.

[Marjolaine Boutin-Sweet, NDP, Hochelaga, QC]

Mr. Speaker, I am certain that the NDP agrees to apply the vote and will vote no.