IR Leader
February 14, 2017
You are the voice of the shareholder to your Board.

As the IRO, you are best suited to identify issues of concern to the investment community. Download the CIRI IR board reporting guide and template and get everything you need to become more efficient at reporting.
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During early 2016 both proxy advisory firms, Glass Lewis and Institutional Shareholder Services (ISS), announced new guidelines regarding a number of Board governance parameters. These parameters were confirmed at a webinar panel discussion in early December co-sponsored by CIRI and the TMX, in which representatives of ISS, Glass Lewis and the Canada Pension Plan Investment Board (CPPIB) participated.

Given the importance of these Glass Lewis and ISS guidelines, it is paramount that IROs be fully aware of them as we enter the upcoming proxy season.

CIRI members can click here to view the IR Issues Backgrounder: Proxy Advisory Firms Confirm Significant 2017 Canadian Policy Guidelines. (Note: you will need to be logged in to view this members only publication).

Not a CIRI member? Want to be able to access all of CIRI's IR Issues Backgrounders? Click here to join.

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Top Stories

The Growing Importance of Proxies

Aiming to thwart shareholder activism, public companies' proxy statements are presenting shareholders with ever-more information and greater detail.

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The Canadian Say on "Say on Pay"

As the New Year rolls along, so does commentary on executive compensation. According to the Canadian Centre for Policy Alternatives, by 11:47 am on the first working day of 2017 (January 3rd) Canada's 100 highest paid CEOs on the TSX index had earned the equivalent of the average annual Canadian wage.

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Canadian Pension Plan Managers Try to Weigh Risks of Climate Change

A decision by an Ontario public pension manager to study the potential consequences of climate change is the latest sign that pension plans are increasingly becoming concerned about how it can hurt the bottom line.

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Resurgence in Shareholder Activism Anticipated for 2017

Activists will likely target primarily mid-sized and smaller companies, with only occasional runs at large firms, Moody's report suggests.

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CSA Publish Final Proxy Voting Protocols

On January 26, 2017, the Canadian Securities Administrators (CSA) published CSA Staff Notice 54-305 Meeting Vote Reconciliation Protocols which sets out voting protocols (the Protocols) aimed at improving the processes involved in the tabulation of proxy voting in Canada.

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CII Releases New FAQs on Director Voting

On Jan. 5, 2017, the Council of Institutional Investors (CII) issued FAQs on majority voting for directors.

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Corporate Governance Update: Prioritizing Board Diversity

In what has been called a "breakout year" for gender diversity on U.S. public company boards, corporate America showed increasing enthusiasm for diversity-promoting measures during 2016.

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Six Trends for Currency Markets

Political shocks such as Brexit and the U.S. election of Donald Trump jolted the foreign exchange markets in 2016, fueling more trading activity for hedge funds and bank trading rooms. Uncertainty around a stronger U.S. dollar and higher interest rates could drive more volatility into 2017.

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