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Toronto Stock Exchange Announces New Director Voting Requirements


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


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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