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Disclosure rules to take effect for 2009; Toronto transit workers face drug tests; Foreign grads denied OHIP
|Canadian HR Reporter|Last Updated: 10/03/2008

Disclosure rules to take effect for 2009

Toronto — The Canadian Securities Administrators (CSA) has announced new rules for public companies around executive compensation, the first major revision of the requirements since 1994. The improved disclosure is intended to help investors better understand how decisions about executive compensation are made as companies will be required to provide a new single table showing total compensation and a discussion and analysis section on how the various elements were determined. The new rules will take effect for 2009. (For more information on this topic, see “Say on pay — still needed?” on page 13.)