Virtual meetings ingrained in law for organizations

One of the innovations that has changed the way we do business is the mass adoption of virtual meetings. Before the pandemic, few people were using Zoom or similar software to its potential. That’s obviously changed. And while it can’t replace being together in the same room, meeting online is a viable alternative.

Last week, the provincial government made that option permanent for BC organizations that are legally required to meet. Amendments to the Business Corporations Act, Cooperative Association Act, Credit Union Incorporation Act, Financial Institutions Act and Societies Act will permanently remove legislative barriers and allow companies, societies, credit unions and co-operative associations to meet electronically.