The topic of diversity is ever evolving and at the board and executive levels, can involve both social (e.g. gender, race/ethnicity, age diversity, as well as non-visible diversity characteristics such as disability, sexual orientation, religion) and professional (e.g. background, skillset diversity) aspects. Having a more diverse board or executive team can encourage more collaboration, different perspectives, and discussions that ultimately improve the quality and objectivity of the decision-making process. It also fosters innovation, creativity and a better understanding of stakeholder sights. In this article, we cover diversity practices within the Canadian mid-market.
Read More
As the momentum around environmental, social and governance (ESG) initiatives accelerates, Canadian corporations increasingly seek deferred compensation tools that align executive priorities with ESG objectives. Well designed tax policies on executive compensation arrangements can reinforce sustainable change, as ESG initiatives move from trend to traction. In this article, we add our voices to this crucial conversation.
Read More
On June 29, 2021, Bill C-30 reached royal assent, bringing the long-discussed $200,000 deduction limit to stock option tax deductions into effect for all options granted on and after July 1, 2021.
In the 2019 budget, the purpose of these amendments to the Income Tax Act was to limit tax benefits related to employee stock options for “large, long-established, mature firms”, in an effort to align tax treatment with U.S. practices and address the growing amount of tax deductions claimed by executives and other high-income individuals. Since these amendments were first proposed, the Federal government has clarified certain details surrounding the types of organizations whose options would be subject to this limit.
Read More
Through our new Private Company Director Compensation Survey, Compensation Governance Partners (CGP) has started to fill a gap in market compensation data. In this article, we will contrast data from our survey of private companies with public company director / trustee compensation.
Read More
As the COVID-19 pandemic unfolds across North America, companies and their Boards are now forced to tackle unusual corporate governance matters, the likes of which have not been seen since the 2008-09 recession. In this article, we cover the voting policy updates made by Glass Lewis and Institutional Shareholder Services amidst the COVID-19 pandemic.
Read More
In November 2019, Institutional Shareholder Services (ISS) and Glass Lewis announced their 2020 updates to their voting guidelines. In this article, we outline the major changes to be aware of for the upcoming proxy season.
Read More
How are directors in the Canadian mid-market typically compensated? How are boards and committees usually structured? Continue reading to learn more about director / trustee compensation and board / committee composition within the Canadian mid-market.
Read More
What is diversity at the board and executive level? Diversity can involve both social (e.g. gender, race/ethnicity, age diversity) and professional (e.g. background, skillset diversity) aspects. Having a more diverse board or executive team can encourage more collaborative conversations and spark discussions involving different perspectives. In this article, we cover diversity practices within the Canadian mid-market.
Read More