Earlier this week, the Canadian Coalition for Good Governance released new guidelines regarding the governance of equity controlled corporations. The guidelines, which apply only to corporations controlled through the ownership of common shares, are intended to supplement the CCGG's 2010 Building High Performance Boards to take into account the governance differences of equity controlled corporations.

Ultimately, the guidelines consider issues respecting (i) shareholder democracy; (ii) board composition; (iii) the independence of board Chair; (iv) related directors on board committees; (v) CEO assessment and plans for succession; (vi) shareholder engagement; and (vii) say on pay.

A draft version of the guidelines was initially published in April 2011.