NI 58-101 definition
Examples of NI 58-101 in a sentence
NI 58-101 suggests that the board of directors of a public company should be constituted with a majority of individuals who qualify as “independent” directors.
The attendance record of individual directors will be disclosed in the Corporation’s proxy circular as required by NI 58-101.
All of the members of the CNHR Committee are independent according to the definition of “independence” set out in NI 58-101.
It shall be an objective that at least a majority of the directors shall be independent as determined in accordance with NI 58-101, and if at any time less than a majority of directors are independent, the Board shall consider possible steps and processes to facilitate its exercise of independent judgement in carrying out its responsibilities.
In addition, where a company has a significant shareholder, NI 58-101 suggests that a board of directors should include a number of directors who do not have interests in either the company or the significant shareholder.