There's lots of focus on increased disclosure about executive compensation in the U.S. , UK and Japan, but we thoughtthese perspectives from Canada might be useful.
The Canadian Securities Administrators have proposed changes to executive compensation disclosure to take effect for the 2012 proxy season. The proposed changes will require companies to disclose
how their compensation practices take risk into account; the level of compensation expertise that the Compensation Committee members have; fees paid to compensation consultants for executive compensation and other work. The proposed rules also limit the circumstances in which companies can avoid disclosing performance targets.
We thought the items about taking risk into account, paying fees to consultants, and disclosing performance targets were of note.