Navigating the Postal Strike: Alternatives for Issuer Communication

The ongoing Canada Post strike, which began on November 15, 2024, has disrupted the delivery of meeting materials to shareholders, raising concerns about long-term communication strategies. The strike has led to the implementation of temporary exemptions, such as the Coordinated Blanket Order 51-931, which provides relief from delivery requirements for proxy-related materials during the postal strike. However, these exemptions do not address the underlying issue of relying solely on postal services for shareholder communication. Companies may need to reevaluate their communication strategies, potentially leading to increased adoption of electronic delivery methods, which were previously only available with shareholder consent. This shift could result in more efficient and cost-effective communication with shareholders and stakeholders in the long term.



During the ongoing Canada Post strike, issuers face challenges delivering meeting materials to shareholders. Alternative delivery methods like couriers and electronic delivery can be costly and may not reach all shareholders, especially those without internet access or preferring physical copies. Couriers may also struggle with high-volume deliveries and post office box access. Electronic delivery requires shareholder consent and may exclude some beneficial owners. Issuers must weigh these costs and feasibility against the benefits of ensuring all shareholders receive meeting materials.



In conclusion, the Canada Post strike has highlighted the need for issuers to diversify their communication strategies with shareholders and stakeholders. While temporary exemptions provide relief during the strike, companies should consider the long-term benefits of adopting electronic delivery methods, which can be more efficient and cost-effective. By reevaluating their communication strategies, issuers can ensure that all shareholders have access to meeting materials, regardless of postal service disruptions.