TSX Proposes Issuer Website Disclosure

The TSX has proposed amendments to its Company Manual that would introduce a requirement that listed issuers maintain a publicly accessible website posting current copies of the following documents:

• Constating documents 
• Corporate policies that impact meetings of security holders and voting
• Security holder rights plans
• Security compensation arrangements (such as stock option plans
• Certain corporate governance documents, including charters of board committees, code of ethical business conduct, position descriptions, board mandate, anti-corruption policies and other environmental and social policies, and whistleblower policies

Importantly, issuers would no longer need to describe majority voting policies in their annual meeting materials and would instead be required to post of copy of the policy on the issuer's website.