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ARTICLE · 30 MARCH 2004

Grappling With Governance: The CAPSA Pension Plan Governance Guidelines

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Today it seems wherever you turn you find governance as a topical issue. A few short years ago, governance was a subject confined to the discussions of academics and theorists. Today, the headlines are crowded with stories based on governance, or more correctly, the failure of governance systems. The Enron spectacle and the avalanche of corporate scandals that followed have guaranteed that governance is not merely a "flavour of the month" fascination, destined to become a footnote in t

CanadaStrategy
McMillan LLP
McMillan LLP
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Governance is a reality for all Canadian pension plans that must be comprehensively addressed. CAPSA, the Canadian Association of Pension Supervisory Authorities, is in the process of road testing new guidelines which will ultimately affect the governance of pension plans. The guidelines were unveiled last summer along with a self-assessment questionnaire designed to assess a plan’s compliance with the guidelines. Since then, CAPSA has invited pension plan administrators to review the guidelines, complete the questionnaire and provide feedback. Once CAPSA receives and reviews the feedback from administrators, it will finalize the guidelines. It is anticipated that the guidelines will be finalized by Fall 2004. The guidelines and questionnaire are available at www.capsa-acor.org.

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