Corporations operating in sectors subject to ownership restrictions (such as airlines and telecommunications) or corporations in certain cultural sectors (such as book retailing, video or film distribution) must have a majority of resident Canadian directors. Directors are allowed, but not required unless by articles, to hold shares of a corporation where they are directors.Īt least 25 percent of the directors of a corporation must be resident Canadians. The number of directors is specified in the articles of incorporation, and there must be at least one director, elected at the shareholders' meeting by a majority of votes of shareholders. Directors are responsible for supervising the activities of the corporation and for making decisions regarding those activities, while officers are responsible for the day-to-day operation of the corporation. Barbara Ulopan Ed Canada Tan United States of AmericaĤ70 Mahogany Court, Pickering, ON L1X 0A2įind all directors in the same postal codeĪ corporation is a new legal entity created when incorporating. Directors in the same postal code Director Nameġ666 Hidden Valley Glen, Pickering, ON L1X 0H7ġ661 Hidden Valley Glen, Pickering, ON L1X 0H7ġ676 Hidden Valley Glen, Pickering, ON L1X 0H7Ĥ62 Mahogany Court, Pickering, ON L1X 0A2Ĥ69 Rougewalk Drive, Pickering, ON L1X 0A1Ĥ85 Rougewalk Drive, Pickering, ON L1X 0A1ģ325 Hollywood Court, Pickering, ON L1X 0A3Ĥ90 Rougewalk Drive, Pickering, ON L1X 0A1Ĥ78 Mahogany Court, Pickering, ON L1X 0A2ģ340 Hollywood Court, Pickering, ON L1X 0A3
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