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The Future of Executive Compensation Disclosure:
New Rules and Requirements
The rules governing how and what Canadian companies disclose on their proxy circulars about executive compensation are changing. It is anticipated that the Canadian Securities Administrators will approve final changes by the end of this year, so that the revised Form 51-102F6 rules can apply to the 2009 proxy season. The goal of the revisions is to provide more complete and transparent disclosure of executive compensation. While there are significant benefits to the transparency provided by the new guidelines, they will require substantial changes to the methods of both calculating and recording executive compensation for many employers, both large and small.
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