Amendments to the Business Corporations Act, Cooperative Association Act, Credit Union Incorporation Act, Financial Institutions Act, and Societies Act will make permanent the ability for B.C. corporations to hold virtual meetings.
In April 2020, the Province temporarily removed legislative barriers to meeting electronically so organizations facing the challenges of COVID-19 could continue to govern and provide services through the pandemic. This legislation makes virtual meetings a permanent option for B.C. companies, societies, credit unions and cooperative associations to support efficient, flexible and accessible business practices and help remove barriers to participation for people who are unable to attend in-person meetings.