All News

CSA implements broad directives for good corporate governance

Regulators are proposing the latest method of ensuring good corporate governance at Canadian companies with an emphasis on broad principles rather than the prescriptive rules and minimum requirements currently in place. Instead of ticking off a number of boxes to show they are complying with rules on director independence and other governance matters, the Canadian Securities Administrators are proposing nine broad corporate governance principles and more general disclosure that will apply to all publicly traded companies. Among them, companies are advised to create a framework for oversight and accountability, and to structure a board that will add value to the company with directors who will contribute to its effectiveness. The broad directives are also intended to promote integrity and recognize and manage risk.
http://www.nationalpost.com/related/topics/story.html?id=1102205

National Post

Latest News 2008