Outlook for the 2018 proxy season

In preparing for the 2018 proxy season, you should be aware of some regulatory changes and institutional investor guidance that may impact disclosure to, and interactions with, your shareholders. This update highlights what is new in the 2018 proxy season and beyond. 

What's new in institutional investor commentary

Glass Lewis & Co. ("Glass Lewis") and Institutional Shareholder Services ("ISS"), two companies that advise institutional investors on how to vote at shareholder meetings of publicly traded companies, have each released updates to their Canadian guidelines for the 2018 proxy season. ISS's updates apply for shareholder meetings held on or after February 1, 2018 and Glass Lewis' updates apply to all meetings held in 2018.