The Toronto Stock Exchange (TSX) has received the approval of the Ontario Securities Commission to make amendments to the TSX Company Manual in respect of the election of directors: see here. The changes require directors of TSX listed issuers to be elected by a majority of the votes cast. This change follows amendments made in 2012 requiring directors to be elected individually.
Thursday, 20 February 2014
Canada: new rules on director election for TSX issuers
The Toronto Stock Exchange (TSX) has received the approval of the Ontario Securities Commission to make amendments to the TSX Company Manual in respect of the election of directors: see here. The changes require directors of TSX listed issuers to be elected by a majority of the votes cast. This change follows amendments made in 2012 requiring directors to be elected individually.
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