The changes called for here today do take a look at the ease of doing business within the corporate statute and try to facilitate an appropriate mechanism by which corporations can go about their business and govern themselves accordingly.
There are a couple of zones here where.... For instance, on notice and access, currently there is an exemption requirement that corporations have to request the permission of the director of Corporations Canada to pursue notice and access. This will now be the standard and minimize the administrative burden of having to annually ask whether or not it's okay to use a website to share their corporate information. They will now be able to pursue all of that electronically, which also has a benefit to shareholders in terms of allowing them to more easily propose measures to their boards without having to overcome the administrative burden that the corporation sometimes indicates is a challenge to those proposals.
In terms of the filing requirements to the director of Corporations Canada, we have added the diversity requirement, but in most other cases this is all easily filed through the securities commission for distributing corporations. It's one form, essentially, that allows them to meet all their requirements, both under our act and under the securities commission's rules.