Executive comp disclosure rules change at end of month

Boards must disclose consideration of risk implications
By Sarah Dobson
|Canadian HR Reporter|Last Updated: 10/25/2011

As of Oct. 31, publicly listed companies will be obliged to follow new rules when it comes to executive compensation disclosure as the Canadian Securities Administrators (CSA) has adopted amendments to its Statement of Executive Compensation and Continuous Disclosure Obligations.

The amendments partly came about after developments in the United States, including the Securities and Exchange Commission’s rules amending compensation and corporate governance disclosure requirements for companies and the Dodd-Frank Wall Street Reform and Consumer Protection Act.

The changes also came about after a CSA review of disclosure at 70 reporting issuers in 2009 saw a need for improvement.