Corporate Governance: What Should Your Company Be Doing?
|Area||Corporate and Commercial, Corporate Finance and Securities, Shareholder Rights and Activism|
Over the past year, there have been significant changes and proposed changes to the framework within which governance practices for public companies are being assessed. These changes result significantly from proposals made by the Toronto Stock Exchange (“TSX”) and the New York Stock Exchange (“NYSE”) with respect to their listing standards and statutory requirements arising from the Sarbanes-Oxley Act of 2002 (the “Act”) and rules implementing the Act made by the U.S. Securities and Exchange Commission (“SEC”).
This recent flurry of corporate governance initiatives has significantly altered the corporate governance landscape. Proxy season is here and these changes may appear mystifying. What should your company be doing?