A Canadian legal requirement to present an advisory “Say-on-Pay” shareholder vote—a shareholder vote approving a company’s approach to executive compensation—is potentially on the horizon for certain Canadian public...more
Significant amendments to the Canada Business Corporations Act (CBCA) proposed in the federal government’s omnibus budget implementation bill (Bill) would codify into statute some of the principles relating to directors’...more
The Canadian Securities Administrators (CSA) have received formal submissions (Submissions) on Consultation Paper 52-404 – Approach to Director and Audit Committee Member Independence (Consultation Paper) from 27...more
Bill 101, Enhancing Shareholders Rights Act, 2017 (Bill 101), a private member’s bill that has passed second reading in the Ontario Legislative Assembly, proposes changes to the Business Corporations Act (Ontario) (OBCA),...more
On October 19, 2017, the Toronto Stock Exchange (TSX) announced that it has adopted, and the Ontario Securities Commission has approved, the following amendments to the TSX Company Manual: (i) the introduction of website...more
On September 28, 2015, the Canadian Securities Administrators (CSA) released a staff notice summarizing the findings from its review of the corporate governance disclosure of non-venture issuers related to policies regarding...more
Earlier this year, the Canadian Coalition of Good Governance (CCGG) released its publication “Shareholder Involvement in the Director Nomination Process: Enhanced Engagement and Proxy Access”, proposing enhanced proxy access...more
9/11/2015
/ Board of Directors ,
Business Corporation Act ,
Canada ,
Corporate Governance ,
Dodd-Frank ,
Majority Voting Policies ,
Proposed Regulation ,
Proxy Access Rule ,
Publicly-Traded Companies ,
Securities and Exchange Commission (SEC) ,
Shareholders
The public comments on the Ontario Securities Commission (OSC)’s proposed whistleblower program (Program) evidence considerable concern that the Program could undermine issuers’ internal reporting and compliance programs,...more
7/9/2015
/ Anti-Retaliation Provisions ,
Canada ,
Chief Compliance Officers ,
Compliance ,
Conflicts of Interest ,
Corporate Governance ,
Corporate Officers ,
Directors ,
Incentives ,
Internal Reporting ,
Ontario Securities Commission (OSC) ,
Whistleblower Awards ,
Whistleblowers