Securities regulators postponed a proposed overhaul of the country's corporate governance rules after a number of companies complained that they've got their hands full dealing with the financial crisis.
The Canadian Securities Administrators, an umbrella group of provincial regulators, said yesterday that they will not implement changes to the corporate governance regime that they suggested in December.
The regulators held a comment period that ran through the spring, and received dozens of responses from corporations, pension funds, and industry groups such as WestJet Airlines Ltd., Transcontinental Inc., Nexen Inc., Ontario Teachers' Pension Plan Board, Rogers Communications Inc. and Power Financial Corp.
See full Article.
Posts
