Jan. 26, 2024 - Important guidance on “acting jointly or in concert” in a proxy contest was provided by the British Columbia Securities Commission (Commission) in NorthWest Copper Corp. (December 22, 2023). The Commission declined to find a joint actor relationship between a dissident and another...
Executive Decisions: Compensation Trends In and Outside of Times of Crisis
Chapter 6 of Davies Governance Insights 2020
The reasonableness of executive compensation arrangements has long been a contentious issue. The COVID-19 pandemic has accelerated pre-existing trends and introduced new challenges, including increased concerns about the widening pay gap between executives and the average Canadian employee, as well as demands for greater proportionality of outcomes for issuers’ various stakeholders. In this chapter, we explore the ways public issuers in Canada and the United States have adjusted their compensation structures in response to unanticipated disruptions. We also provide guidance for boards and compensation committees considering recalibrating their compensation plans. Finally, we discuss the pandemic’s impact on both current year and future say-on-pay votes and some renewed calls for mandatory pay ratio disclosure in Canada.
This chapter appears in the 2020 edition of Davies Governance Insights, our comprehensive annual report on the trends and issues most important to Canadian public companies.
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Governance Insights: 10 Trends that GCs and Boards Need to Know
Jan. 24, 2024 - The latest edition of Davies’ Governance Insights is now available. In this issue, we explore 10 important trends that will help general counsel and boards navigate the year ahead. In order to help you with your strategic and compliance planning, we discuss issues including the...