What is not a component of a corporate arrangement pursuant to the OBCA?

The correct answer indicates that automatic dissent rights for shareholders are not a core component of a corporate arrangement under the Ontario Business Corporations Act (OBCA). In the context of corporate governance, the OBCA outlines various elements and processes involved in forming and operating a corporation.

The other options highlight significant components of corporate arrangements. The ability to issue shares is fundamental since it directly relates to a corporation's capital structure and funding. This process allows a corporation to raise money by selling equity interests to investors. Provisions for dissolution delineate a framework for how a corporation may be legally terminated, which is essential for accountability and proper closure of corporate affairs. The appointment of auditors is also a critical aspect as it ensures financial transparency and compliance with regulatory requirements, promoting trust among shareholders and the public.

In contrast, while dissent rights are an important consideration for shareholders, they are not automatically included in corporate arrangements. Instead, these rights may be invoked under specific circumstances and are not intrinsic to the basic structure or operational framework of a corporation as defined by the OBCA. Dissent rights are typically related to significant corporate decisions that affect the shareholders’ interests, rather than constituting a necessary component within the fundamental elements of corporate governance.