Governance Comment: TSX rule change raises Canadian governance standards, improves shareholder democracy

September 25, 2009 — The TSX announced today it received approval from the Ontario Securities Commission to require public issuers to obtain shareholder approval for public company acquisitions that result in the issuance of 25% or more of their outstanding shares.

Governance Comment: Target’s move to declassify board a positive step

September 23, 2009 — Target’s announcement in September that board members would stand for re-election each year came several months after a dissident proposal had failed to replace some members from the company’s board.

Governance Comment: Are stock option exchanges the right option for companies?

June 29, 2009 — A recent article, Option repricing at issue: Canada Resists; Falling shares present problem for compensation, (National Post, June 3, 2009), pointed out that stock option exchanges are being considered in boardrooms in the U.S. and Canada as directors...

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