Global and Canadian Trends of Corporate Governance in 2019 and Beyond

Recently, public company boards are facing increasing scrutiny and greater expectations from various stakeholders, particularly in light of society’s elevated concerns regarding corporate culture, gender equality and climate change and sustainability. In its report entitled “2019 Global & Regional Trends in Corporate Governance” (the Report), Russell Reynolds Associates noted that in 2019 “[t]he demand for board quality, effectiveness, and accountability to shareholders will continue to accelerate across all global markets.”  The Report discussed five major global trends that are expected to define the corporate governance landscape in 2019: Improved board quality and composition continues to be the essence of corporate governance. Shareholders will continue to prefer a board that is independent, diverse, competent and subject to regular review, and push for enhancing board succession. In 2019, companies should expect shareholders to…

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