CSA adopting Form 51-102F6 - Statement of Executive Compensation

Posted on September 19, 2008

On September 18, the CSA announced that it was adopting Form 51-102F6 Statement of Executive Compensation (in respect of financial years ending on or after December 31, 2008) as well as consequential amendments to NI 51-102 Continuous Disclosure Obligations and other forms in order to improve the quality of executive compensation disclosure. The new form and amendments are the result of a process begun in 2007.

Whereas under the old form, "investors are provided with fragmented compensation information", the new form requires the disclosure of all compensation awarded to certain executives and directors in a more comprehensive way. Provided all ministerial approvals are obtained, the changes will come into force on December 31, 2008.

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