June 20, 2008
Chief Executives Want Shareholders Have Greater Access to Information
In a Grant-Thornton poll, chief executives indicated two key areas that shareholders would be pleased with:
- The CFO and CEO positions in the company should be held by different individuals to assure independence.
- Chief executives want shareholders to have great transparency concerning compensation information.
This is an interesting trend post Sarbanes-Oxley. Maybe it turns out that good governance IS good. There is no point in trying to make executive compensation opaque to investors. This just increases unnecessary shareholder activism and assures that investors think the worst.
If you are one of those 3600 Canadian companies who have to comply with NI 51-102F6, then you will be very interested in the new Executive Compensation Disclosure product that we have developed and that is being distributed in Canada by Carswell, a Thomson Reuters business. The product is Compliance PARTNER - Executive Compensation Disclosure edition. You can learn more about the product by going to their Compliance PARTNER website for the Thomson Reuters news release or go directly to www.compliancepartner.ca for more information.
