The Canadian Securities Administrators (CSA) recently introduced amendments to National Instrument 51-102 Continuous Disclosure Obligations, and Form 51-102F6 Statement of Executive Compensation, providing for new executive compensation disclosure rules. In addition to improving disclosure regarding executive compensation generally, the new rules are intended to require comprehensive disclosure of the value of total compensation payable to executive officers and how this compensation is determined. Public companies with financial years ending on or after December 31, 2008 will be required to make disclosure in the upcoming proxy season in accordance with the new rules.

New executive compensation disclosure requirements include: