Vic Young and Fishery Products International (B): Winds of Change

This case follows the Vic Young and Fishery Products International (A), product 9B03M011, but can be used without it. It focuses on a contest for control of Fishery Products International Ltd. leading up to the company's annual general meeting on May 1, 2001. The owner of a Nova-Scotia-based competitor of Fishery Products International is the leading dissident shareholder. This proxy battle quickly becomes a matter of public and political debate, because Fishery Products International is economically and socially important to its home province, Newfoundland and Labrador. As such, it is subject to company-specific provincial legislation, the FPI Act, that is one of the bases for legal maneuvering in the contest for control. The supplement, Vic Young and Fishery Products International (C), product number 9B04M004, reports the proceedings and results of the annual general meeting.