TSX Issues Final Rules For Corporate Governance Website Disclosure And Disclosure Of Security-Based Compensation Arrangements

In this Update

• The Toronto Stock Exchange (TSX) has issued final amendments to the Company Manual relating to corporate governance website disclosure and disclosure of security-based compensation arrangements
• Timing for posting corporate governance documents on the listed issuer's website and for reflecting updated security-based compensation disclosure requirements in proxy circulars
• Key takeaways concerning corporate governance website disclosure requirements
• New burn rate disclosure and revised effective date for security-based compensation disclosure

The Toronto Stock Exchange (the TSX) has issued final amendments to the Company Manual which: (a) require listed issuers to post on their websites certain corporate governance documents by April 1, 2018 and (b) revise disclosure requirements for security-based compensation arrangements effective for fiscal years ending on or after October 31, 2017.