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Corporations Canada consulting on proposed corporate governance and disclosure regulations

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Jan 29, 2021

On January 29, 2021, Corporations Canada published a consultation on regulatory proposals to implement the corporate governance amendments included in the Canada Business Corporations Act (CBCA) through Bill C-97 (CBCA).

The consultation includes proposals with respect to the regulations necessary to implement an annual say on pay advisory vote for shareholders, the disclosure required for reporting on both clawback policies and on worker, retiree and pensioner “well-being”. CCGG was a strong advocate for the inclusion of an annual non-binding say on pay vote in the CBCA and Corporations Canada cites CCGG’s advocacy in favour of clawbacks as one of its rationales for the increased prominence of such policies in corporate governance best practice. CCGG is reviewing the consultation and intends to submit a response by the March 31, 2021 deadline.

Review the consultation on the Government of Canada's website.

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