Tuesday 11 January 2011

Canada: Ontario Securities Commission consults on shareholder democracy

The Ontario Securities Commission is seeking views on the appropriateness and scope of work it is conducting concerning shareholder democracy: see here. The Commission is considering whether:
  • it would be appropriate to introduce a mandatory 'say on pay' vote;
  • reform is needed to facilitate majority voting for director elections and voting in respect of individual directors;
  • the proxy voting system is effective.

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