June 13, 2008
Executive Compensation Disclosure - Canadian Update for Fiscal Year 2008
The Canadian Securities Adminstrators (CSA) are in the process of finalizing the expanded requirements for executive compensation disclosure associated with Form 51-102F6 Statement of Executive Compensation. The implementation date should begin with those issuers, excluding investment funds, with fiscal years on or after December 31, 2008.
This means there is lots more disclosure work ahead for about 3600 issuers on the TSX and TSX Venture exchanges.
Companies are going to need to improve their processes, systems and practices to meet the new requirements. Many shareholders feel that it couldn't come at a better time. A news release today highlights the challenges associated with transparency and processes. Click here to read more. Ouch!
If you are one of those 3600 companies 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 known as Compliance PARTNER - Executive Compensation Disclosure edition. You can learn more about the product by going to their Compliance PARTNER website at http://www.compliancepartner.ca/ .
This means there is lots more disclosure work ahead for about 3600 issuers on the TSX and TSX Venture exchanges.
Companies are going to need to improve their processes, systems and practices to meet the new requirements. Many shareholders feel that it couldn't come at a better time. A news release today highlights the challenges associated with transparency and processes. Click here to read more. Ouch!
If you are one of those 3600 companies 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 known as Compliance PARTNER - Executive Compensation Disclosure edition. You can learn more about the product by going to their Compliance PARTNER website at http://www.compliancepartner.ca/ .
