New executive compensation disclosure requirements come into force on December 31, 2008.
Mondaq Business Briefing › Nbr. 2008, March 2008
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New executive compensation disclosure requirements come into force on December 31, 2008.
In September of 2008, the Canadian Securities Administrators (the "CSA") released the finalized version of the new Form 51-102F6 - Statement of Executive Compensation (the "New Form"). The New Form will replace the existing Form 51-102F6 (the "Old Form") on December 31, 2008. This publication covers some of the specific changes to the disclosure requirements and suggests some steps companies should be taking to prepare their new disclosure for the Spring 2009 proxy season.
Background Canadian public companies have prepared executive compensation disclosure based on the Old Form since 1994. With the evolution of executive compensation practices and increased scrutiny on the corporate governance of public companies in recent years, the CSA, following in the footsteps of the Securities and Exchange Commission in the United States, h...See the full content of this document
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