Part 2 — Provincial Companies Subpart 1 Status and Powers of Provincial Companies
381 Right to attend meetings
reasonable notice of every meeting of participating policyholders or
shareholders, directors, audit committee and conduct review
committee of the company and, at the expense of the company, to
attend and be heard at those meetings on matters relating to the
duties of the auditor.
(2) If a director, participating policyholder or shareholder of a
provincial company, whether or not the shareholder is entitled to
vote at the meeting, gives written notice not less than 10 days
before a meeting of participating policyholders or shareholders to
an auditor or former auditor of the provincial company that the
director, policyholder or shareholder wishes the auditor to attend at
the meeting, the auditor or former auditor must attend the meeting
at the expense of the company and answer questions relating to the
auditor's or former auditor's duties as auditor.
(3) An auditor is not required to comply with subsection (2) where
the audit committee is satisfied that the request under subsection
RSA 2000
(2) is made primarily for the purpose of enforcing a personal claim
or redressing a personal grievance against the provincial company
or any of its directors, officers or security holders, or for a purpose
that is not related in any significant way to the duties of the auditor.
(4) A director, participating policyholder or shareholder who gives
notice under subsection (2) must send concurrently a copy of the
notice to the provincial company, and the company must forthwith
send a copy of the notice to the Minister regardless of any decision
of the audit committee under subsection (3).
(5) The Minister may attend and be heard at any meeting referred
to in subsection (2).
1999 cI-5.1 s381