OSC Announces Roundtable on CSA Consultation Paper regarding Canada's Proxy Voting Infrastructure

TORONTO, Nov. 5, 2013 /CNW/ - The Ontario Securities Commission (OSC) announced today that it will hold a roundtable to further explore the issues identified in CSA Consultation Paper and Request for Comment 54-401 Review of the Proxy Voting Infrastructure.

The OSC roundtable will take place Wednesday, January 29, 2014 on the 22nd floor of the Commission's offices, located at 20 Queen Street West, Toronto, Ontario.

OSC staff will organize a stakeholder panel featuring perspectives from Ontario issuers, investors and other financial industry stakeholders.

Interested parties wishing to participate in the OSC roundtable are encouraged to first submit written comments on the Discussion Paper by November 13, 2013 and then contact Laura Lam at [email protected] to indicate interest in participating.

OSC staff will contact specific parties to act as panellists and to speak to salient points raised in their submissions. Panellists will be selected in such a way as to reflect the diversity of views on the subject and present a balanced debate. The OSC expects to issue a notice by Wednesday, January 8, 2014 with additional details, and the final agenda and list of panellists.

Published on August 15, 2013, the purpose of the CSA Consultation Paper is to obtain feedback on how best to address concerns regarding the integrity and reliability of the proxy voting infrastructure. Voting is a fundamental right and shareholders need to be confident that their votes are being properly counted.

The CSA indicated intentions to engage in targeted consultations with market participants in order to inform the CSA's next steps. Other jurisdictions of the CSA may also hold consultations.

SOURCE: Ontario Securities Commission

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