CIRI Issues Advocacy Update

CIRI Submission to the TMX and Ontario Securities Commission (OSC) on Proposed Amendments (April 6, 2017) to the TSX Company Manual, Part IV (listed issuers’ website disclosure) and Part VI (disclosure regarding security based compensation arrangements).

On Monday, May 8, CIRI made a submission to the TSX on proposed changes to website disclosures in Parts IV and VI of the TSX Company Manual. While CIRI continues to believe that listed issuers should be required to develop and maintain a publicly accessible website as a means of providing investors access to appropriate corporate governance policies and/or documents, the proposed changes seem to be unnecessarily repetitive and duplicative of existing disclosure documents.Therefore, CIRI continues to question the value in adding to issuers’ regulatory burden by instituting these proposed changes.

To view the complete submission, click here.

IR Issues Backgrounder: Women on Boards and in Executive Officer Positions

On May 1, CIRI published an IR Issues Backgrounder: Women on Boards and in Executive Officer Positions

To provide greater visibility of women on Boards and in executive officer positions in Canada, certain members of the Canadian Securities Administrators (CSA), including the Ontario Securities Commission (OSC), adopted new disclosure requirements and mandated all non-venture issuers with year-ends on or after December 31, 2014 to disclose certain information regarding the representation of women on Boards and in executive officer positions.

The disclosure requirement has now been in place for two years. This Backgrounder reviews findings from studies on issuer disclosures and views of Canadian institutional investors. In addition, it discusses certain advocacy groups that have arisen to increase the representation of women in the boardroom.

Click here to read the full IR Issues Backgrounder: Women on Boards and in Executive Officer Positions. (Please note, you will need to log in to access this members-only publication).