Since 2004, the Canadian Coalition for Good Governance (CCGG) has prepared best practices documents for reporting issuers to provide guidance on effective disclosure communication related to corporate governance and executive compensation. These documents have been updated annually and aim to show what shareowners expect from issuer disclosure by way of outstanding examples.
Their 2012 Best Practices for Proxy Circular Disclosure contains concrete examples from companies of plain language that assists shareowners in assessing the board’s performance and its ability to work with management to determine corporate strategy and oversee the management of the company’s primary risks. It also explains how the compensation structure incents management to achieve corporate objectives without exceeding the company’s appetite for risk.
Great document. I hope it is widely read by investor relations officers. I’ve added a link to the CCGG in our Library.