Tuesday 23 December 2008

Canada: CSA corporate governance principles - proposed changes

The Canadian Securities Administrators are seeking comments on proposed changes to their corporate governance and audit regimes. These changes are set out in the following documents:
  • Proposed National Policy 58-201 Corporate Governance Principles (intended to be more principles-based and broader in scope; it contains nine core corporate governance principles applying to all issuers).
  • Proposed National Instrument 58-101 Disclosure of Corporate Governance Practices (introducing more general disclosure requirements).
  • Proposed National Instrument 52-110 Audit Committees and its related companion policy 52-110 (introducing a principles based approach to determining director and audit committee member independence).
Further information is available here.

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