ARTICLE · 17 OCTOBER 2019

Mandatory "Say-On-Pay" May Be On The Way In Canada

Blake, Cassels & Graydon LLP

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Blake, Cassels & Graydon LLP

As one of Canada’s top business law firms, Blake, Cassels & Graydon LLP (Blakes) provides...

A Canadian legal requirement to present an advisory "Say-on-Pay" shareholder vote—a shareholder vote approving a company's approach to executive compensation...

CanadaCorporate/Commercial Law

Blake, Cassels & Graydon LLP

Jill Davis

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A Canadian legal requirement to present an advisory "Say-on-Pay" shareholder vote—a shareholder vote approving a company's approach to executive compensation—is potentially on the horizon for certain Canadian public companies.

As a result, Canadian public companies that have not yet done so—particularly those that are federally incorporated—may be considering whether to voluntarily adopt a Say-on-Pay vote for the upcoming proxy season. For more information on some of the considerations relating to the adoption of a Say-on-Pay advisory vote, including the rationale for adopting such a shareholder vote and some of the concerns associated with doing so, see our September 2011 Blakes Bulletin: Say-On-Pay – What's Next?

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Mandatory "Say-On-Pay" May Be On The Way In Canada

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