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ARTICLE · 04 MARCH 2008

Corporate Governance: Where Things Stand For 2008

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This bulletin summarizes notable developments in corporate governance as we head into the 2008 annual meeting and reporting season.

CanadaCorporate/Commercial Law
Leslie McCallum
Leslie McCallum
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This bulletin summarizes notable developments in corporate governance as we head into the 2008 annual meeting and reporting season.

Executive Compensation

The CSA (Canadian Securities Administrators) has delayed implementation of new executive compensation disclosure rules. After reviewing comments from market participants, the regulators decided they will publish revised proposals in 2008. The original proposals were very similar to the SEC's executive compensation disclosure rules, which apply only to U.S. domestic companies. For details about the original proposals, please refer to our client memo Canadian Securities Regulators Propose New Rules for Executive Compensation Disclosure (April 10, 2007). It remains to be seen how closely the CSA will follow the U.S. requirements.

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