Various executive compensation governance developments occurred during 2017. This Client Advisory provides an overview of key items of interest to Canadian publicly traded issuers, including:

  • Say-on-pay vote results, and mandatory say-on-pay
  • Outside of plan awards
  • OECD Principles of Corporate Governance
  • New accounting standards: Impact of IFRS 15 and ASC 606 on compensation plans
  • FSB Consultation on compensation tools to address misconduct
  • Other Developments:
    • amendments to the Canada Business Corporations Act
    • amendments to the Ontario Business Corporations Act
    • amendments to the TSX Company Manual – revised disclosure requirements
    • CSA Consultation Paper on director and audit committee independence
    • UK Governance Reform