Brookfield Asset Management Ltd. (BAM) announced a new meeting date of January 27, 2025, for its special meeting of shareholders. The meeting will address the previously announced arrangement to enhance BAM's corporate structure.
Shareholders will be asked to approve a special resolution for the arrangement and another special resolution to increase the number of directors on BAM's board from 12 to 14. The board, excluding CEO Bruce Flatt, unanimously recommended voting for the arrangement resolution.
Subject to obtaining a final order from the Supreme Court of British Columbia on January 30, 2025, and other closing conditions, the arrangement is expected to close in February 2025. The increase in board size aims to ensure adequate oversight and enhance diversity of skills and experience.
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