Every year, reporting issuers are faced with the task of tailoring the disclosure for their annual meeting to an ever-evolving list of changes in securities laws, updates to stock exchanges rules, new guidance from proxy advisors, and developing corporate governance trends.
The checklist and overview of certain matters relevant to the 2019 proxy season that follows is intended to help reporting issuers in Canada prepare for their upcoming annual meetings by identifying relevant developments in disclosure rules and governance practices over the past year. We have prepared the checklist below to set out very briefly the areas where the Canadian Securities Administrators have provided guidance on or updates to their respective disclosure rules, where proxy advisory firms have updated their proxy voting guidelines, and where trends or best practices have emerged or evolved, either at the instigation of advocacy groups or otherwise. In certain cases this year, governance trends of previous years have developed into themes that link the requirements of regulators, legislatures, proxy advisors and investors.
Greater detail on the guidance, updates, trends and developments identified in the checklist is available here.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
