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Show the members the figures
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Prince Edward Island stands fully covered: its own filings and guidance stand in the books beside the federal ones.
The directors approve the statements, and the members see them at the annual meeting — including what directors were paid.
The directors lay a full and clear statement of the company’s affairs and financial position before the members at the annual meeting. Binds: Prince Edward Island companies without share capital (Part II of the Companies Act).
The law’s own words
“The directors of every company shall lay before its shareholders a full and clear statement of the affairs and financial position of the company at or before each annual general meeting of the company.”
Companies Act (Prince Edward Island), s. 79 · Read it at Prince Edward Island · Verified 2026-11-08
Companies Act (Prince Edward Island), sections 79 and 91
“The directors of every company shall lay before its shareholders a full and clear statement of the affairs and financial position of the company at or before each annual general meeting of the company.” “A corporation to which this Part applies shall, each year, file with the Director, together with the prescribed filing fee, an annual return indicating the names and addresses of the officers and directors of the corporation.”
Source: Companies Act (Prince Edward Island), ss. 79, 91(3) · Checked 2026-11-11