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Message: Advance Notice Policy not in affect

If I understand this correctly, since the shareholders didn't vote last year to implement the Advance Notice Policy, it is no longer in affect. So does this mean we can nominate from the floor?

For British Columbia companies, advance notice provisions have recently been adopted by way of a policy of the board.2 Such a policy, which is effective upon adoption by the board, is put to shareholders for approval, on the basis that the policy would cease to be effective at the conclusion of the shareholders' meeting (and therefore after the election of directors) if not approved by shareholders at that meeting. Notwithstanding a recent court decision upholding such a policy, we remain concerned with the adoption of advance notice provisions outside of a corporation's articles or by-laws.3

http://www.mcmillan.ca/advance-notice-by-laws-part-III-advance-notice-by-laws-gain-greater-acceptance-in-Canada-sample-updated-by-law

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