Various workforce rewards and executive compensation developments have occurred since the publication of our last Client Advisory. Key items of interest include:

Workforce Rewards and Pay Equity:

  • Federal pay equity and other workplace developments
  • Quebec proposes amendments to the Pay Equity Act
  • Ontario reverses earlier employment standards reforms and delays pay transparency
  • Minimum wage increases in various provinces
  • New Brunswick pay equity developments

Corporate Governance and Regulatory Compliance:

  • Revised OSFI Corporate Governance Guideline
  • Federal consultations on enhancing retirement security: Compensation implications
  • New Employer Health Tax in British Columbia
  • National securities regulator ruled constitutional
  • CSA Staff Notice 52-330 – Update on Consultation Paper 52-404-Approach to Director and Audit Committee Member Independence
  • CSA Staff Notice 51-355 – Continuous Disclosure Review Program Activities
  • Disclosure of women on boards and in executive officer positions
  • California law requires women on public company boards
  • Revised U.K. Corporate Governance Code
  • Proposed U.K. ethnicity pay reporting