Exploring Corporate Governance Around the World

By Allison Garrett, Senior Vice President for Academic Affairs at Oklahoma Christian University

Sunday, April 02, 2006

CEO/CFO Certifications in Canada

Canada's proposed CEO/CFO certifications regarding internal controls will take effect for FYEs on or after June 30, 2006. See a brief article by lawyers at Osler, Hoskin & Harcourt here. The certifications acknowledge that internal controls are the responsibility of the issuer and that the certifying officers are responsible for complying with that responsibility. Any material changes in internal controls must be disclosed in the issuer's MD&A.

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