Second Comment on the Proposed Amendment to Regulation 909 under the Pension Benefits Act

SHARE made a second comment on the proposed amendments to the Ontario Pension Benefits Act regulations to require pension plans to disclose information about environmental, social and governance factors. We endorse the latest amendment which requires pension plans to disclose whether, and, if so, how, environmental, social and governance factors are incorporated into the plan’s investment policies and procedures.

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Draft Regulation to Amend Regulation 58-101 Respecting Disclosure of Corporate Governance Practices

SHARE has made a submission to the securities commissions of Saskatchewan, Manitoba, Quebec, Nova Scotia, New Brunswick, Nfld and Labrador, and Nunavut, who are considering following Ontario’s lead in requiring issuers to disclose their approach to gender diversity on boards and in senior management. We support these jurisdictions adopting an approach consistent with that in Ontario.

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Proposed Amendment to Regulation 909 under the Pension Benefits Act

SHARE supported the Ontario government’s proposed amendments to the Pension Benefits Act to mandate ESG disclosure for Ontario pension plans.

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Comments on Proposed National Policy 25-201 Guidance for Proxy Advisory Firms

SHARE commented on the CSA’s proposed voluntary guidance for proxy advisory firms. We underscored the principles of responsible investment and encouraged the CSA to focus on investor stewardship as a whole rather than solely on the activities of proxy advisory firms.

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Submission to Review the Canadian Business Corporations Act

SHARE made a submission to Industry Canada with recommendations to improve the accountability of the board of directors to shareholders and to integrate consideration of social and environmental issues into the board’s responsibilities.

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Submission to the Ontario Securities Commission on Board Diversity

SHARE made a second submission to the Ontario Securities Commission (OSC) in response to its consultation on gender diversity on corporate boards and in senior management. Comments include scope, disclosures, policies and more on proposed Amendments to 58-101F1 of National Instrument 58-101.

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Submission to Cross-Country Extractive Sector Consultations

SHARE made a submission to Minister of International Trade as part of the federal government consultation process on the extractive sector. SHARE made a series of recommendations to clarify the social and environmental responsibilities of Canadian extractive companies and improve the policy framework to integrate social and environmental factors into investment decision-making.

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Submission to Canadian Securities Administrator on Proxy Voting Infrastructure

SHARE recently submitted comments to the Canadian Securities Administrators (CSA) in relation to Consultation Paper 54-401: Review of the Proxy Voting Infrastructure. SHARE’s view is that the hallmarks of the proxy voting system should be transparency, reliability, and independence from any one organization or type of organization with a vested interest in the outcome.

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Submission to Ontario Securities Commission on Board Diversity

SHARE made a submission to the Ontario Securities Commission on their proposal to require TSX listed companies to provide disclosure regarding women on boards and in senior management in Ontario.

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Submission on Proposed Alberta Business Corporations Act Amendments

Addresses two issues with regard to the right of shareholders to submit proposals for voting on annual meetings: minimum shareholding requirements and word limit for shareholder proposals.

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Comments to NRCan on Mandatory Transparency Reporting in Extractive Sector

SHARE wrote to NRCan in support of proposals for securities regulators to require mandatory reporting standards in the extractive sector.

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Comments on CSA Consultation on Potential Regulation of Proxy Advisory Firms

The CSA launched this consultation “to provide a forum for discussion of certain concerns raised about the services provided by proxy advisory firms and their potential impact on Canadian capital markets and to determine if, and how, these concerns should be addressed by Canadian securities regulators.”

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