CCGG releases 2009-2010 annual report
The Canadian Coalition for Good Governance recently released its 2009-2010 annual report, titled Improving Corporate Governance in Canada. Among other things, the report lists CCGG's accomplishments over the past year and sets out its operational plan for 2010-2011. According to the report, the CCGG intends to focus on such governance matters as expanding its engagement program, continuing to encourage boards to follow its Principles of Executive Compensation, encouraging issuers to adopt "say on pay", developing principles to assist boards in determining director compensation policies, releasing guidance to assist boards in applying its Building High Performance Boards to corporations controlled by a shareholder holding a majority or controlling equity stake in the company, updating its Statement of Principles Regarding Member Activism, urging the federal and provincial governments to create a national regulator with improved enforcement and eliminating barriers to shareholder democracy.
