August 16, 2010
Say-on-Pay Model Policy: Canadian Coalition for Good Governance
– Broc Romanek, CompensationStandards.com
Last year, someone from ISS blogged about 13 Canadian companies that agreed to try say-on-pay based on a resolution drawn from a draft model “say on pay” policy crafted by the Canadian Coalition for Good Governance (CCGG), which represents 41 investors managing over $1 trillion in assets.
In January, the CCGG finalized their model SOP policy. That policy – as well as a model shareholder engagement policy – is posted on this CCGG page. A list of Canadian companies that have adopted SOP is maintained on this SHARE (Shareholder Association for Research & Education) page.