Monday 28 April 2014

Canada: Securities regulators consult on proxy advisory firm guidance

The Canadian Securities Administrators have published for consultation Guidance for Proxy Advisory Firms: see here (pdf). The guidance applies to all proxy advisory firms. It is not intended to be prescriptive but rather to provide a starting point for firms in developing and implementing their own practices with regard to various matters including conflicts of interest, the transparency of vote recommendations and communications with clients.

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