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ARTICLE · 08 JANUARY 2016

2016 Proxy Advisory Firm Voting Guidelines: Canadian Highlights

Blake, Cassels & Graydon LLP
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As an early step in preparing for the upcoming proxy season, issuers should familiarize themselves with the Canadian proxy voting guidelines recently published by Institutional Shareholder Services Inc. and Glass Lewis & Co.

CanadaCorporate/Commercial Law
Matthew Merkley
Matthew Merkley
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As an early step in preparing for the upcoming proxy season, issuers should familiarize themselves with the Canadian proxy voting guidelines recently published by Institutional Shareholder Services Inc. (ISS) and Glass Lewis & Co. (Glass Lewis). This bulletin briefly addresses certain of the updated topics covered by the ISS benchmark policy recommendations and Glass Lewis proxy guidelines with respect to issuers listed on the Toronto Stock Exchange (TSX) for the 2016 proxy season.

These proxy voting guidelines are the first to be released since the adoption of National Policy 25-201 Guidance for Proxy Advisory Firms by the Canadian Securities Administrators (see our May 2015 Blakes Bulletin: Issuers' Comments on Proxy Advisory Firm Regulation Fall on Deaf Ears).

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