2013 Proxy Advisory Voting Guidelines: Matters To Consider

While the Canadian Securities Administrators continue to consider comments received from market participants regarding whether there is a need to regulate proxy advisory firms (see our June 2012 Blakes Bulletin: CSA Invite Comments on Regulating Proxy Advisory Firms and our September 2012 Blakes Bulletin: CSA Extends Deadline for Comments on Regulating Proxy Advisory Firms), in preparing for the 2013 proxy season, it remains important to be familiar with the latest Canadian voting guidelines as prepared by two of North America's largest proxy advisory firms: Institutional Shareholder Services Inc. (ISS) and Glass Lewis & Co. (Glass Lewis).

This bulletin briefly addresses a few of the key corporate governance matters covered by the ISS corporate governance policies and Glass Lewis proxy guidelines for the 2013 proxy season. We have also included references to bulletins prepared by Blakes which provide additional information on the items discussed.