New Canadian Voting Guidelines For 2016 Proxy Season

Institutional Shareholder Services Inc. (ISS) and Glass Lewis have issued their Canadian proxy voting guidelines for the upcoming proxy season. The ISS Proxy Voting Guideline Updates are generally applicable to shareholder meetings of TSX and TSX-V issuers held on or after February 1, 2016.

This year ISS addresses the following key issues: director overboarding, externally managed issuers and equity compensation plans. The Glass Lewis 2016 Proxy Paper Guidelines address updates to director overboarding, audit committee overcommitment, nominating committee performance, director quorum requirements, exclusive forum provisions, proxy access, environmental and social risk oversight and dual-listed companies.