CCGG discusses upcoming initiatives at AGM

At its annual general meeting held earlier this week, the Canadian Coalition for Good Governance (CCGG) outlined its activities over the past year as well as current initiatives being pursued. Among other things, the CCGG is working on a policy on dual class share structures, and also plans to release an updated version of its Building High Performance Boards in the near future. The CCGG also stated that it is encouraging the OSC to address the "proxy plumbing" process, and that it expects the Commission to issue a paper on the subject in the next few months.

The keynote speaker for the meeting, Stephen Davis, associate director of Harvard Law School's Program on Corporate Governance, also discussed the need for "prudent ownership" of public corporations in the current era of institutional investors. His proposals on the subject included the adoption of stewardship principles to address the accountability of funds and their behaviour as holders of assets.

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