IR Leader
April 13, 2021

CIRI Issues Advocacy: CIRI Submission to Government on Mandatory Advisory Say-on-Pay Votes

CIRI submitted comments to Innovation, Science, and Economic Development Canada on their Consultation Paper regarding upcoming changes to the CBCA, specifically on mandatory non-binding say-on-pay votes.

CIRI supports the proposal that non-binding say-on-pay votes be: reported at the AGM; posted on the issuers website; and included in the proxy circular the following year. In addition, CIRI recommends that issuers include the non-binding say-on-pay vote results in the news release outlining the results of the election of directors.

To read the full submission, click here.