Welcome to CCGG

The Canadian Coalition for Good Governance (CCGG) is the pre-eminent corporate governance organization in Canada and is uniquely positioned to effect change as the voice of Canadian institutional shareholders.

Representing the interests of institutional investors, CCGG promotes good governance practices in Canadian public companies and the improvement of the regulatory environment to best align the interests of boards and management with those of their shareholders, and to promote the efficiency and effectiveness of the Canadian capital markets.

More about CCGG


 


CCGG Policies

CCGG has recently issued guidelines and position papers in the following areas of corporate governance:

Recent Policies

Dual Class Share Policy

Building High Performance Boards

Executive Compensation Principles

Governance Differences of Equity Controlled Corporations

Majority Voting

Director Compensation

Board Engagement Program 

 


CCGG Submissions

Recent Submissions

Submission to the OSC re: Proposed Amendment 58-101 Disclosure of Corporate Governance Practices Regarding Women on Boards and in Senior Management 

Submission to the OSC re: CSA Consultation Paper 54-401 Review of the Proxy Voting Infrastructure 

Submission to the OSC re: OSC Staff Consultation Paper 58-401 Disclosure Requirements Regarding Women on Boards and in Senior Management 

Submission to the NASDAQ re: Request by the U.S. Council of Institutional Investors that NASDAQ adopt a majority voting listing standard in uncontested elections of directors

Submission to the NYSE re: Request by the U.S. Council of Institutional Investors that NYSE adopt a majority voting listing standard in uncontested elections of directors

Submission to the CSA re: Proposed Amendments to National Instrument 62-103 The Early Warning System

Submission to the CSA and to the AMF re: Proposed National Instrument 62-105 Security Holder Rights Plans and re: Takeover Bid Defensive Tactics

Submission to the OSC re: Ontario Securities Commission draft 2013-2014 Statement of Priorities 

Submission to ICGN re : ICGN Position Paper on Gender Diversity

Submission to the TSX re: December, 2012 Consultation Paper on Emerging Market Issuers

CCGG's Response to the CSA's Request for Comment on Venture Issuer Regulation

Submission to the TSX re: October 4, 2012 Proposed Amendments to the TSX Company Manual to require TSX-listed issuers to adopt Majority Voting Policies

Submission to the OSC re: CSA Consultation Paper 25-401: Potential Regulation of Proxy Advisory Firms

 

 

Benefits of Membership

Our Members, Observers and Associates enjoy a range of benefits through their affiliation with CCGG.

Learn more information about how to become a CCGG Member, Observer or Associate.

 


Current Best Practices

CCGG prepares best practices documents for reporting issuers to provide them with guidance on effective communications with shareholders emphasizing the substance of disclosure that investors expect of regulatory filings.

2013 Best Practices for Proxy Circular Disclosure
 


Email Updates

To keep up to date on new publications and CCGG public participation please sign up for our email updates.

 


Members’ Area Login

CCGG Members can access specific members-only content through links below:

Research Bulletins and Updates
Board Engagements
Proxy Reviews

 

What's New

Globe quotes CCGG in its article about stock options granted by Onex Corporation 

April 16, 2014 -  David Milstead quotes a CCGG publication in his article in The Globe and Mail about stock options granted by Onex Corporation.

CCGG Executive Director quoted in connection with Quebec's announcement to provide directors of Quebec companies greater ability to stop takeover bids

February 21, 2014  -   CCGG Executive Director Stephen Erlichman was quoted in The Globe and Mail in connection with Quebec's announcement to provide directors of Quebec incorporated companies greater ability to stop takeover bids
 

The Harvard Law School Governance Forum on Corporate Governance and Financial Regulation blog has posted our CCGG Executive Director's note on majority voting

February 19, 2014 - CCGG Executive Director Stephen Erlichman's note entitled "Majority Voting Finally Arrives in Canada” was posted on The Harvard Law School Forum on Corporate Governance and Financial Regulation blog.

CCGG was recognized for its efforts in The Globe and Mail editorial on majority voting

February 17, 2014 - CCGG was recognized for its efforts in The Globe and Mail editorial on majority voting entitled "Corporate democracy, now with more democracy"

CCGG Executive Director quoted on the TSX's new rule adopting majority voting

February 13, 2014 - CCGG Executive Director Stephen Erlichman was quoted in The Globe and Mail and the National Post in connection with the TSX's new rule adopting majority voting for issuers listed on the TSX.

CCGG Executive Director quoted on shareholder activism

February 2014 - CCGGExectutive Director Stepehn Erlichman was quoted in Lexpert magazine on shareholder activism.

 

 February 2014 - CCGG Executive Director Stephen Erlichman was quoted in Lexpert magazine on shareholder activism.

 

CCGG Executive Director quoted on OSC proposal to increase women on boards

January 16, 2014 - CCGG Executive Director Stephen Erlichman was quoted in The Globe and Mail in connection with the OSC proposal to increase women on corporate boards.

 

CCGG Executive Director quoted in connection with strengthening corporate governance in the Canada Business Corporations Act

December 13, 2013 - CCGG Executive Director Stephen Erlichman was quoted in The Globe and Mail in connection with strengthening corporate governance in the Canada Business Corporations Act.

Consultation Process begins to strengthen Corporate Governance in the Canada Business Corporations Act

December 11, 2013 - The Honorable James Moore, Minister of Industry, announced the launch of a public consultation to strengthen corporate governance in the Canada Business Corporations Act.  CCGG executive director Stephen Erlichman was quoted in the press release, commending the Government of Canada for beginning the CBCA public consultation process and referring to the need to have the CBCA adopt a majority voting standard for uncontested director elections.

CCGG Executive Director quoted on term limits for directors

November 25, 2013 - CCGG Executive Director Stephen Erlichman was quoted in The Globe & Mail regarding term limits for directors.

2013 Best Practices 

November 14, 2013 - CCGG releases its 2013 Best Practices for Proxy Circular Disclosure.

CCGG Executive Director quoted on encouraging OSC to focus on shareholder democracy issues.

Fall 2013 - CCGG Executive Director Stephen Erlichman was quoted in Listed magazine encouraging the OSC to focus on shareholder democracy issues.

CCGG Executive Director quoted in connection with CEO compensation

October 1, 2013 - CCGG Executive Director Stephen Erlichman was quoted in the Financial Post regarding CEO compensation.

CCGG releases Dual Class Share Policy

September 24, 2013 - CCGG today released its Dual Class Share Policy, which is discussed in the The Globe and Mail.
 

CCGG endorses the new national securities regulatory regime

September 20, 2013 - CCGG Executive Director Stephen Erlichman is quoted in the Globe and Mail endorsing the new national securities regulatory regime.  CCGG Executive Director Stephen Erlichman also is interviewed on CBC radio on the importance of having a national securities regulatory regime.
 

CCGG Executive Director quoted in connection with proposed SEC rule on disclosure of pay ratios

September 19, 2013 - CCGG Executive Director Stephen Erlichman was quoted in the Financial Post regarding the proposed SEC rule that would require disclosure of pay ratios
 
 
Building High Performance Boards publication is updated

August 30,2013 - CCGG has updated its "Building High Performance Boards" policy.

Globe reports on majority voting in Canada and CCGG's efforts 

July 24, 2013 - David Milstead writes in the Globe and Mail about majority voting in Canada, including CCGG’s efforts to promote wider adoption of majority voting policies.

Globe publishes article by CCGG Executive Director on "vote buying" and "golden leashes"

July 5, 2013 - An article by CCGG Executive Director Stephen Erlichman was published in the Globe and Mail on the "vote buying" and "golden leashes" issues in the recent proxy fight to elect the board at Agrium Inc.

OSC follows CCGG suggestion to amend Statement of Priorities

June 28, 2013 - The Ontario Securities Commission has revised its 2013-14 Statement of Priorities to include consideration of majority voting and a review of the proxy plumbing process. The revision comes in the wake of urging from CCGG and its Members and is reported on in The Globe and Mail.

Stephen M. Davis speaks at CCGG's 2013 AGM

June 18, 2013 - Stephen M. Davis, associate director of the Harvard Law School Programs on Corporate Governance and Institutional Investors, and a senior fellow at the Program on Corporate Governance at the Brookings Institution, delivered the keynote address at the 2013 CCGG AGM in Toronto. Stephen’s speech discussed the origins of corporate governance 400 years ago and the future role for institutional investors as stewards of capital. Stephen’s speech also was discussed in an article in The Globe and Mail.

CCGG Chair quoted on ‘systemic problems’ in Canada’s proxy system

June 4, 2013 -  CCGG Chair Daniel E. Chornous was quoted in the Financial Post regarding a letter to OSC on ‘systemic problems’ in Canada’s proxy system.

CCGG Executive Director quoted on alternative approaches to gender diversity

May 30, 2013 - CCGG Executive Director Stephen Erlichman was quoted in The Globe and Mail regarding alternative approaches to gender diversity on corporate boards.

CCGG Executive Director quoted on proposed new regulations on gender diversity

May 28, 2013 - CCGG Executive Director Stephen Erlichman was quoted in The Globe and Mail regarding proposed new rules aimed at putting more women on corporate boards.

CCGG Executive Director quoted on severance pay

May 27, 2013 - CCGG Executive Director Stephen Erlichman was quoted in The Globe and Mail regarding excessive severance benefits for executives.

“The Value of Governance” by Professor Anita Anand

February 13, 2013 – Professor Anita Anand of the University of Toronto Faculty of Law has prepared for CCGG on a pro bono basis a piece entitled “The Value of Governance”. Professor Anand states that “cross-country and Canada-specific research demonstrates a statistically significant and positive relationship between corporate governance measures and firm value". She also sets out the academic literature upon which she is relying to make that statement and other positive statements about the value of governance.