51-331 - Report on Staff’s Review of Executive Compensation Disclosure [CSA Staff Notice]
| Published Date: | 2009-11-20 |
|---|---|
| Effective Date: | 2009-11-20 |
| Document(s): |
On September 18, 2008, the Canadian Securities Administrators (CSA) announced the adoption of revised Form 51-102F6 Statement of Executive Compensation (in respect of financial years ending on or after December 31, 2008) (the Form). The Form became effective across all CSA jurisdictions on December 31, 2008.
The CSA generally monitors new rules in the first year after implementation to ensure they are working as intended. This process often includes conducting targeted compliance reviews.
In Spring of 2009, staff of the British Columbia Securities Commission, the Alberta Securities Commission, the Ontario Securities Commission and the Autorité des marchés financiers (we) launched targeted reviews of executive compensation disclosure to assess compliance with the disclosure requirements in the Form. We reviewed a total of 70 reporting issuers. This CSA staff notice (the Staff Notice) reports our findings from these reviews.