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ARTICLE · 14 FEBRUARY 2013

Canadian Coalition For Good Governance Releases 2013 Executive Compensation Principles

Dentons Canada LLP
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A summary the 2013 Executive Compensation Principles released by the Canadian Coalition for Good Governance.

CanadaCorporate/Commercial Law
Jamie Au
Jamie Au
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The Canadian Coalition for Good Governance ("CCGG") recently released its 2013 Executive Compensation Principles (the "2013 Principles"), replacing the previous version originally published in 2009. The original principles were designed to provide enhanced guidance to boards and to promote compensation decisions aligned with long-term company and shareholder success. According to the CCGG, the 2013 Principles offer an updated take on the principles set forth in the original report to reflect the continued evolution of both compensation practices and regulatory disclosure requirements.

According to the CCGG, the 2013 Principles focus on the concept of "pay for performance" and "the integration of risk management functions into executive compensation philosophy and structure". The 2013 Principles are organized around six key principles:

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