As it did last year, our corporate governance team prepared a legal update presenting its predictions, based on the current governance environment, and its recommendations on issues that should be of importance when preparing for the 2020 proxy season. This update addresses a variety of hot topics, including climate change and cybersecurity disclosure, corporate purpose, diversity and inclusion, shareholder and stakeholder activism, and compensation. It takes into account comments made by representatives of institutional investors and the Autorité des marchés financiers (Quebec securities regulator) at a conference held recently at our Montreal office.

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