These bylaws underwent a significant development process. A legal review ensured compliance with the requirements of the Federal Government’s ‘Boards of Trade Act’ under which ACC is incorporated. Drawing on the best practises of a number of recent bylaw updates by chambers of commerce, a new version of the bylaws was approved by ACC’s Board of Directors on February 27, 2019.
A Special General Members Meeting on May 1, 2019 provided the opportunity for all ACC Members to vote on these new bylaws. Unanimous approval shows the support for these improvements.
On May 1, ACC applied to Corporations Canada for their approval of the new bylaws on behalf of the Minister of Innovation, Science and Economic Development. When they approve, and only then, do the new bylaws take effect.
A status report will be provided at ACC Annual General Meeting on June 19, 2019.