Revised corporate governance guidelines: CPA Canada response to CSA proposal

Read Chartered Professional Accountants of Canada (CPA Canada)'s response to the Canadian Securities Administrators (CSA) 2009 proposed revised Corporate Governance Guidelines.

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In 2009, CSA requested comments on their proposed repeal and replacement of several policies and guidelines concerning corporate governance. The documents in question included:

  • National Policy 58-201 Corporate Governance Guidelines
  • National Instrument 58-101 Disclosure of Corporate Governance Practices
  • National Instrument 52-110 Audit Committees
  • Companion Policy 52-110 CP Audit Committees

Rather than an overhaul of the current, well-understood regulatory regime, CPA Canada recommended several incremental changes.

Key points

Learn about the constructive feedback CPA Canada outlined in its response, including comments on:

  • Principle 6: Recognize and manage conflicts of interest
  • Principle 7: Recognize and manage risk
  • Principle 9: Engage effectively with shareholders
  • The approach to disclosure of corporate governance practices
  • Item 4: Proposed approach to independence
This document was originally prepared by a legacy CPA organization.