Proposed new principles by the Canadian Securities Administrators (CSA) designed to guide Canada's corporate governance and audit committee regime for issuers of securities such as stocks ... Read more

Proposed New Corporate Governance Rules

Lang Michener LLP

The Canadian Securities Administrators ("CSA") has proposed a revised corporate governance practice and disclosure regime. This proposal would repeal and replace the following policy and instruments ... Read more

Five-Day Filing Deadline, Public Disclosure of Late Filings and Deemed Ownership Rule All Proposed in New Insider Reporting Regime

Lang Michener LLP

In late December 2008, the Canadian Securities Administrators ("CSA") unveiled their proposed new regime for insider reporting. The proposals are intended to harmonize and streamline insider reporting requirements in Canada ... Read more

TSX Proposing a Controversial New Rule

Torys LLP

In a move seen as a barrier to acquisitions, but also a major step forward for shareholder democracy, the Toronto Stock Exchange unveiled last week a proposed new rule that would require listed companies to seek approval ... Read more

Corporate Governance Developments in the United States May Affect Canadian Companies

Torys LLP

The Securities and Exchange Commission is proposing to give shareholders of U.S. public companies the right to have their nominees for election as directors included on the company's proxy alongside the board's nominees ... Read more

Making the most of Board Dinners

Business Week

Board members typically have fairly limited interaction with the executives on whose boards they sit: presentations at board meetings, the infrequent board dinner, and perhaps the annual board strategy off-site meeting ... Read more

Corporate Governance Best Practices: A Blueprint for the Post-Enron Era

The Conference Board

The Enron bankruptcy, accompanied by the WorldCom debacle and other corporate scandals, has caused a sea
change in the attention given corporate governance and in how directors are viewed by the public ... Read more

Governance, risk, and compliance series

PricewaterhouseCoopers

Corporate reforms and new regulatory requirements have been the driving force behind increased demands on executive leaders and board members to improve their corporate governance practices ... Read more

Canada's CAs helping boards of directors deal with corporate wrongdoing

Magazine for Business/Economic Development Entrepreneurs

TORONTO - Canada's Chartered Accountants have published a new product to help boards take appropriate action when allegations of corporate wrongdoing are made ... Read more

The Corporation With Integrity: A Well-Found Vessel in an Angry Sea
The Conference Board of Canada

I do not take many vacations, and for me the trip-at least, most of it-was truly relaxing. I enjoyed sights
and sounds of the Pacific Northwest that I shall remember forever ... Read more

CCGG comments on shareholder approval in dilutive transactions

Canadian Coalition for Good Governance

The CCGG has submitted its comments to the TSX with respect to the proposed amendments to Part VI of the TSX

Company manual ... Read more

CCGG Releases Engagement and Say on Pay Policy

Canadian Coalition for Good Governance

The CCGG has issued its Engagement and Say on Pay Policy ... Read more

CSCS comments to CSA proposed Governance Regime

On December 19th, the Canadian Securities Administrators (CSA) submitted a Proposed Repeal and Replacement of National Policy 58-201 Corporate Governance Guidelines, National Instrument 58-101 Disclosure of Corporate Governance Practices, and National Instrument 52-110 Audit Committees and Companion Policy 52-110CP Audit Committees. These proposed changes were posted for a comment period of 120 days, which expired on April 20th.

The proposed new regime's key features include:

A principles-based policy that moves away from the current 'comply and explain model'
A new set of disclosure requirements which would apply to both venture and non-venture issuers
A broader scope of principles to encourage issuers to develop their own corporate governance and disclosure practices
A principles-based approach to the concept and definition of independence

The Canadian Society of Corporate Secretaries (CSCS) ensured that our members were consulted and their views taken into consideration in this comment process.

Click here to view the CSCS comment letter to the CSA.

Financial Reporting by Not-for-Profit Organizations

Accounting Standards Board & Public Sector Accounting Board

The Accounting Standards Board (AcSB) and Public Sector Accounting Board (PSAB) have jointly issued this Invitation to Comment to invite feedback on the future of financial reporting by not-for-profit organizations ... Read more

What's the Point of a Non-profit Board, Anyway?

Blue Avocado

Democracy is the worst form of government, said Winston Churchill, except for all the other ones. The same might be said of non-profit boards. Here we take an unconventional look at three dimensions of why boards exist ... Read more

Sarbanes-Oxley and Non-profits: Bogeyman in the Boardroom?
Blue Avocado

Somehow, all the publicity about Sarbanes-Oxley made it seem as if this legislation applied to non-profits, too. But contrary to what is frequently thought (and said in non-profit boardrooms!), Sarbanes-Oxley is not ... Read more

The M Word: A Board Member's Guide to Non-profit Mergers

Blue Avocado

The idea of a non-profit merger can be daunting. And because most mergers occur when one non-profit is in financial difficulty, it's easy to feel - inaccurately so - that merging is an act of failure ... Read more

Finance Fear Factor Ratios - Non-profit Finance & Strategy

At even the most solid non-profit organizations some board members and executive directors are beginning to wonder and worry, "Are we okay? Should we be worried?" Watching the traditional indicators of financial health ... Read more

New Not-for-Profit Legislation
The corporate rules relating to Federal and Ontario not-for-profit corporations have not been updated in decades. But, both the Federal and Ontario governments have taken a renewed interest in updating the legislation ... Read more

Challenges and Opportunities for Ontario's Not-for-Profit Sector during To ugh Economic Times

The Ontario Trillium Foundation

Ontario's not-for-profit (NFP) sector faces the current recession, and the challenging times ahead, with a mixture of fear and trepidation, tempered with a sense of opportunity. The signs are clear ... Read more

Building a new not-for-profit organization: What to expect from your committees

Charity Village

There are many purposes for appointing committees to serve the board of a not-for-profit organization. Here are three broad categories, keeping in mind that categories can vary according to the mandate ... Read more

Avoiding directors' liability in troubled economic times

Canadian Fundraising & Philanthropy eNews

During troubled economic times, it is sometimes tempting for corporations, both not-for-profit and for-profit, to ignore their statutory obligations to remit certain amounts to the Crown in favour of meeting ... Read more

2008/2009 Association Executive Benefits and Compensation Report

Canadian Society of Association Executives

This report, based on an annual survey of not-for-profit executives across the country, is widely hailed as the most complete and in-depth benefits and compensation survey for the not-for-profit sector in Canada ... Read more