Tuesday, November 17, 2009

Canadian Securities Administrators scrap changes to corporate governance rules

While the most sustainable companies are fast-moving forward and implementing indexes and benchmarks as regards ethical sourcing (see Walmart example), KPIs and are using this period of economic downturn to sharpen and strengthen their governance frameworks, Canadian securities regulators have placed governance issues on the back-burner. The Globe and Mail recently reported that "regulators agree with corporations which say they are currently too busy dealing with the financial crisis". Who are those corporations? Corporate governance oversight is urgently needed in Canada! Now is the time to act.

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