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Toronto Stock Exchange Announces New Director Voting Requirements

October-10-2012

Lawyer Jonathan Feldman, Neill May
Area Corporate Finance and Securities, Mining and Natural Resources

Summary

The Toronto Stock Exchange (TSX) has adopted new director voting requirements for listed issuers.  The stated purposes of the amendments is to uphold security holder interests and the integrity and reputation of the Canadian capital markets in light of the TSX’s perception that “director election processes in Canada are lagging other major international jurisdictions.”

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