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The views of the Canadian Coalition for Good Governance (CCGG) on executive compensation have evolved and advanced with the release in April 2009 of the CCGG’s Shareholder Engagement and ‘Say-on-Pay’ Policy and in June 2009 of the CCGG’s Executive Compensation Principles
A number of recent legislative and regulatory initiatives in the United States will likely result in corresponding changes in Canada in the area of shareholder governance of companies
In our May 2008 issue, we reported on the push in Canada for the transition from the use of Canadian generally accepted accounting principles (GAAP) to the use of International Financial Reporting Standards (IFRS), and we discussed the Canadian Securities Administrators’ (CSA) Concept Paper 52-402 Possible Changes to Securities Rules Relating to International Financial Reporting Standards and CSA Staff Notice 52-320 Disclosure of Expected Changes in Accounting Policies Relating to Changeover to International Financial Reporting Standards
