CCGG releases 2012 Best Practice Guidelines for Proxy Circular Disclosure

The Canadian Coalition for Good Governance (CCGG) has issued new  Best Practice Guidelines for Proxy Circular Disclosure. Since 2004, the CCGG has prepared these guidelines for reporting issuers to provide guidance on effective disclosure communication related to corporate governance and executive compensation. These documents have been updated annually and aim to show what shareholders expect from issuer disclosure by way of outstanding examples.

The overarching recommendation is to encourage companies to use plain language in their communication with shareholders to allow them to effectively assess the board’s performance. The document can be accessed here.