Wednesday, July 26, 2006
Canada Examining Executive Compensation
After watching today's open meeting at the SEC, it should not surprise us that Canada is taking a close look at executive compensation, too. Late last month, the Institute of Corporate Directors Blue Ribbon Commission on the Governance of Executive Compensation in Canada began work on an in-depth study of how executives are compensated and how that compensation is reported. The press release is here. The study of 300 or so public companies in Canada will be released sometime this fall.
Like the SEC, which noted in today's open meeting that it does not attempt to establish an appropriate amount of pay, this commission will simply examine practices within Canadian companies.