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Canada - July 5 2012
The Canadian Securities Administrators have invited input from issuers, institutional investors, proxy advisors and other market participants on concerns raised regarding the activities of proxy advisory firms and possible securities regulatory responses to such concerns.
Canada, United Kingdom, USA - June 12 2012
The number of Canadian issuers that have agreed to provide their shareholders with the opportunity to vote on an advisory resolution on executive compensation, or say on pay vote, has slowly continued to increase.
Canada - March 30 2012
An Automatic Securities Disposition Plan (ASDP) is a plan or agreement whereby insider-held securities of an issuer are sold on an automatic basis in accordance with a pre-determined schedule (for example, quarterly or bi-annually).
Canada - October 6 2011
On September 9, 2011, the TSX issued for comment proposed amendments to its listing requirements which would require listed issuers to have annual elections for all directors; provide for proxy voting for directors on an individual basis; disclose in their proxy materials whether the issuer has adopted a majority voting policy for directors and, if not, explain why not; and notify the TSX if a director of a listed issuer which does not have a majority voting policy receives a majority of “withhold” votes.
Canada - August 3 2011
The Canadian Securities Administrators (CSA) has tightened its executive compensation disclosure requirements and is requiring additional disclosure regarding the qualifications of the compensation committee, the consideration of risks associated with the company’s compensation practices and fees paid to compensation consultants.
