Increasing shareholder activism and a complex regulatory regime mean that in-house counsel need to be independent thinkers, says Cornell Wright in CCCA Magazine

Beyond the Boilerplate

March 07, 2011

Shareholder democracy and shareholder engagement are the “new norm,” experts agree, meaning both new and veteran in-house counsel at Canada’s public companies have a vital role to play in guiding their organizations through increasingly complex corporate governance matters.

The influential Canadian Coalition for Good Governance (CCGG), which represents most of the country’s largest institutional investors, has been quite active in promoting its views on corporate governance matters to issuers, says Cornell Wright.

“The CCGG is recommending that institutional investors engage directly with companies to talk about their compensation policies and practices.”

Read the rest of the article here.

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