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Committee to chart the future of corporate governance in Canada

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Oct 06, 2020

On October 6, 2020, the Institute of Corporate Directors (ICD) announced that the TMX and ICD launched an initiative to update corporate governance guidance in an era of profound change.

Today’s Canadian companies face a profound and expansive new set of risks, challenges and opportunities in the modern operating environment, including pandemics, climate change, the rapid emergence of advanced new technologies and artificial intelligence, as well as changing societal expectations of the role of the corporation. To help navigate these challenges now and into the future, TMX Group* and the Institute of Corporate Directors (ICD) have established The Committee on the Future of Corporate Governance in Canada to provide updated guidance on corporate governance. The work of the Committee comes more than 25 years since the Toronto Stock Exchange Committee on Corporate Governance (commonly known as The Dey Report) published guidelines that continue to act as the foundation for Canadian public company board governance today. That work was in response to new demands being placed on corporations in light of a series of corporate failures. Today’s demands are fundamentally different, warranting this new effort.

Review the press release and initiative on the ICD's website.

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