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ARTICLE · 22 DECEMBER 2009

CCGG Releases Draft Say-on-Pay Policy

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On October 22, 2009, the Canadian Coalition for Good Governance (CCGG) released its draft "Model Say-on-Pay Policy for Boards of Directors."

CanadaCorporate/Commercial Law
Edward Kerwin
Edward Kerwin
Philip Moore
Philip Moore
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On October 22, 2009, the Canadian Coalition for Good Governance (CCGG) released its draft "Model Say-on-Pay Policy for Boards of Directors." This draft follows and builds upon the CCGG's "Shareholder Engagement and Say-on-Pay Policy," which was released in April 2009 (see our discussion of this in our August 2009 issue). The Model Policy is intended to support the CCGG's goal of encouraging greater engagement and accountability by boards of public companies in Canada with and to their shareholder-owners.

CCGG

The CCGG is a coalition of 41 of Canada's leading institutional shareholders, which collectively manage in excess of $1.4 trillion of assets. Since its founding, the CCGG has been at the forefront of efforts to promote and improve good corporate governance practices in Canadian public companies. During 2009, the CCGG sharpened its focus on ways that institutional shareholders might engage directly with the boards of directors of the companies in which they

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