Corporate Governance
As a Canadian public company listed on the NYSE American and TSX, Alexco’s corporate governance practices adhere to applicable Canadian and U.S. regulatory requirements and we continually monitor developments in Canada and the U.S. to ensure continuous compliance with securities laws.
Alexco actively discloses any significant ways in which our corporate governance practices differ from those followed by U.S. domestic companies under NYSE’s listing standards. The significant ways in which our governance practices differ from U.S. domestic companies are as follows:
|
Practice |
NYSE US Governance Practice |
Alexco’s Governance Practice (under laws of British Columbia/Canada) |
|---|---|---|
|
Minimum Shareholder Meeting Quorum Requirement |
1/3 of outstanding shares of common stock |
According to laws of British Columbia, quorum is one person present or represented by proxy |
|
Proxy Delivery Requirement |
Solicitation of proxies and delivery of proxy statements for all shareholder meetings is required, and proxies shall be solicited pursuant to a proxy statement that conforms to SEC proxy rules. |
Alexco is a “foreign private issuer” as defined in Rule 3b-4 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and the equity securities of Alexco are accordingly exempt from the proxy rules set forth in Sections 14(a), 14(b), 14(c) and 14(f) of the Exchange Act. Alexco solicits proxies in accordance with applicable rules and regulations in Canada. |
