As a starting point, say-on-pay failures are relatively rare in Canada. Consecutive failures are even more unusual. When a company receives low shareholder support in back-to-back years, the issue is rarely just one compensation decision. More often, it reflects broader investor concerns about pay-for-performance alignment, discretion, governance, disclosure, or responsiveness to shareholder feedback. Agnico Eagle Mines Limited provides a useful Canadian case study. After rec

In late 2025, the Canadian Coalition for Good Governance (“CCGG”) announced updates to its guidance around the subject of executive compensation, the first major update to its policies since 2013. The new Executive and Director Compensation Guidebook re-organizes and expands on CCGG’s six principles from 2013 to provide more detailed and up-to-date guidance on how to structure executive and Board compensation. In this 2-part series, we are outlining some of the major additi

Sunrise: A song of many humans – A brief history The Ontario Public Sector Salary Disclosure (“PSSD”), colloquially known as the “Sunshine List”, has just been released for the 2025 year. Before too long, there will be numerous articles about its size, usefulness, and its long history (almost 30 years old!). The dawn of the Sunshine List came about in the mid-90s, as part of then premier Mike Harris’s “Common Sense Revolution”. The idea was that a public list of high governm

In late 2025, the Canadian Coalition for Good Governance (“CCGG”) announced updates to its guidance around the subject of executive compensation, the first major update to its policies since 2013. The new Executive and Director Compensation Guidebook re-organizes and expands on CCGG’s six principles from 2013 to provide more detailed and up-to-date guidance on how to structure executive and Board compensation. While CCGG itself notes that “it is difficult to espouse compens