Does Barrick Gold’s move to B.C. sound the death knell for Canadian director residency requirements?
It is no secret in Canadian legal circles that our provincial, territorial, and federal governments compete to have companies adopt their corporate law, where to the jurisdiction with the most lenient residency requirements often go the spoils… or the corporate headquarters. Barrick Gold Corp. recently brought this issue to the forefront when it moved from Ontario to the west coast in order to take advantage of B.C.’s attractive business climate. Thus week’s Blog takes a look at Barrick’s move and asks the question, does it signal the end for Canadian director residency requirements?