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Global Governance Advisors

People, Processes & Performance: Challenges Worth Investing In

Posted by Nicole Carr on Jan 6, 2020 9:00:00 AM

Every organization has challenges that need to be addressed in order to be successful, yet some should take priority over others. Just like when building a house, a solid foundation must be laid first to ensure all other critical components fall into place. This blog aims to map out how embracing the challenges that come with the people in your organization, the processes put in place, and setting goals on individual and corporate performance can lay a foundation for a fruitful future.

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New CBCA Regulations Relating to Diversity Disclosure should have an impact, especially at TSXV and CSE companies

Posted by Peter Landers on Dec 30, 2019 9:00:00 AM

Earlier this year, the regulations relating to amendments to the Canada Business Corporations Act (“CBCA”) for diversity disclosure at publicly-listed corporations were released, which should have a large impact at TSX Venture Exchange (“TSXV”) and Canadian Securities Exchange (“CSE”) listed companies. These regulations will require all publicly-listed CBCA corporations to provide specific information on board and executive officer diversity policies and statistics beginning in 2020. While many Toronto Stock Exchange (“TSX”) listed companies have already adopted some form of board and executive diversity policy disclosure within their annual proxy circulars, the new regulations go one step further and now apply to TSXV and CSE companies as well.

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Topics: CBCA Regulations, Diversity Disclosure

The Ever-Increasing Impact of Technology on the Role of the Governance Professional

Posted by Peter Landers on Dec 2, 2019 9:00:00 AM

We at Global Governance Advisors (“GGA”) just completed work on our 6th annual Report on Governance Professionals Responsibilities & Remuneration, in partnership with the Governance Professionals of Canada (“GPC”), and observed the ever increasing impact that technology is having on the role of the governance professional in Canada. As part of our survey, we asked governance professionals to rate, on a 1-5 scale, the primary responsibilities in their role. Some of the highest ranked responsibilities included:

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Topics: GGA, technology, governance professional

ISS Releases its 2020 Policy Guidelines for the United States

Posted by Peter Landers on Nov 25, 2019 9:15:00 AM

On November 12, 2019 Institutional Shareholder Services (“ISS”) published their Americas Proxy Voting Guidelines Updates for 2020 for the Americas region, which includes the United States and Canada. While GGA has summarized updates directly affecting Canadian-listed companies in a separate blog post, we are summarizing the key updates affecting U.S.-listed companies as it relates to compensation and governance below. These updates will impact any shareholder meetings held on or after February 1, 2020.

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ISS Releases its 2020 Policy Guidelines for Canada

Posted by Peter Landers on Nov 25, 2019 9:00:00 AM

On November 12, 2019 Institutional Shareholder Services (“ISS”) published their Americas Proxy Voting Guidelines Updates for 2020 for the Americas region, which includes Canada and the United States. While GGA has summarized updates directly affecting U.S.-listed companies in a separate blog post, we are summarizing the key updates affecting Canadian-listed companies as it relates to compensation and governance below. These updates will impact any shareholder meetings held on or after February 1, 2020.

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Topics: ISS, Proxy Guidelines, Canada

Glass Lewis Releases its 2020 Policy Guidelines for Canada

Posted by Peter Landers on Nov 18, 2019 9:15:00 AM

On November 1, Glass Lewis released its 2020 Policy Guideline updates for the Canadian market. These changes are expected to be effective for shareholder meetings taking place on or after January 1, 2020. They have identified several updates in the areas of compensation and governance as follows:  

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Topics: Glass Lewis, Proxy Guidelines, Canada

Glass Lewis Releases its 2020 Proxy Guidelines for the United States

Posted by Peter Landers on Nov 18, 2019 9:00:00 AM

On November 1, Glass Lewis released its 2020 Policy Guideline updates for the U.S. market. These changes are expected to be effective for shareholder meetings taking place on or after January 1, 2020. They have identified several updates in the areas of compensation and governance with several covering Say on Pay votes. These include: 

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Topics: Glass Lewis, United States, Proxy Guidelines

Four Tips to Create a Board of Directors

Posted by Linaeya Horn-Muller on Oct 28, 2019 9:00:00 AM

Idea. Check. Funding. Check. Business Plan. Check. Board of Directors? The beginning of any journey, especially in business, starts with an idea. Once that idea has been cultivated and a plan is in place, then comes funding, the board of directors, employees, office space, etc. It’s a misconception to leave the creation of the board of directors as one of the last to-do items. Whether you’re a big or small organization it helps to be proactive when it comes to forming the group of individuals who help to manage the activities of your business (i.e. your board). This board can be elected or appointed, and they are tasked with maximizing overall organizational value, while simultaneously protecting the interests of any key stakeholders.

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Topics: board of directors, Best Practices, tips

What Does Technology Mean for Your Board?

Posted by Camron Siskey on Sep 30, 2019 9:00:00 AM

In 2017, a Deloitte study found that “high-performing S&P 500 companies were more likely (31 percent) to have a tech-savvy board director than other companies (17 percent).” Khalid Kark, Tonie Leatherberry and Debbie McCormack, Deloitte LLP, Technology and the Boardroom: A CIO’s Guide to Engaging the Board

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Topics: board of directors, Board Software, technology

Board Member Harassment - Indemnification & Insurance Will Not Protect You

Posted by Brad Kelly on Sep 2, 2019 9:00:00 AM

I have a daughter, and as the father of a young girl, I naturally worry about her future. How I might protect her; help her develop skills; and prepare her for a successful and fulfilling career? When I think about these things, I worry about what she might endure along her journey and how can I protect her from negative experiences like bullying and harassment? The reality is that, unless the two of us are employed in the same company or she is sitting on the same Boards that I sit on, I will rarely be able to protect her once she is an adult in the professional world.

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Topics: GGA, Board Member, Harassment