Andrew MacDougall, John M. Valley
May 14, 2019
The corporate governance landscape is rapidly evolving and boards must be proactive in monitoring and addressing these challenges. Internal and external pressure from stakeholders and regulators has placed a greater focus on issues such as climate change; diversity on boards and in executive officer positions; and a range of disclosure matters, meaning boards must consider how their existing disclosure and policies measure up.
Canada’s system of corporate governance is derived from the British common law model and strongly influenced by developments in the United States. Corporate governance practices in Canada are shaped by legal rules and best practices promoted by institutional shareholder groups, the media and professional director associations such as the Institute of Corporate Directors. In order to effectively operate within this environment, boards must be cognizant of the regulatory and legal framework that exists in Canada for corporate governance.
In the ninth edition of The Corporate Governance Review: Canada (2019) chapter, Osler partners Andrew MacDougall and John Valley offer in-depth analysis on recent developments and the structure of corporate governance in Canada, with detailed sections devoted to corporate leadership, disclosure requirements and corporate responsibility. The publication also contains a comprehensive section dedicated to shareholder rights and powers, activism and takeover defences.
DOWNLOAD PDF: The Corporate Governance Review: Canada (2019)
Reproduced with permission from Law Business Research Ltd. This article was first published in The Corporate Governance Review, Ninth Edition (published in April 2019 — editor Willem J. L. Calkoen).