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SNC-Lavalin interim CEO Ian Bourne speaks to shareholders Thursday, May 3, 2012, at the company's annual general meeting in Toronto.
SNC-Lavalin interim CEO Ian Bourne speaks to shareholders Thursday, May 3, 2012, at the company's annual general meeting in Toronto.
(Fred Thornhill/Reuters/Fred Thornhill/Reuters)

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Atlantic Power protects itself from activist ambush

Atlantic Power Corp. is moving to protect itself from any activist shareholders who have dreams of shaking up the company’s board of directors.

The new tactic, known as an advance notice policy, prevents shareholders from surprising management during an annual general meeting with board nominations by requiring them to notify management of their plan ahead of time.