Proposed Multilateral Instrument 51-104 Disclosure of Corporate Governance Practices and Form 51-104F1 are an initiative of the British Columbia Securities Commission, Québec's Agence nationale d'encadrement du secteur financier, and the Alberta Securities Commission.

The Securities Act requires the Ontario Securities Commission (OSC) to deliver to the Minister, and to publish in its Bulletin by June 30 of each year, a statement by the Chair setting out the proposed priorities for the Commission for its current financial year.

Attached is the OSC's Draft for Comment followed by CIRI's Response.

We hope that the following will enable you to answer any questions about 58-201 and further clarify the positions we took in our comments to the Canadian Securities Administrators. It is intended to be a "living" document that we will add to as we refine our positions or as other questions/issues arise. We will, from now on, work to produce something like this each time we release a position paper or comments.

Canadian Investor Relations Institute
CIRI is a professional, non-profit organization of corporate executives and consultants responsible for communication between public companies and the investment community. With 760 members, CIRI is the world ís second largest society of investor relations professionals. Approximately 89% of CIRI's public company members are listed on The Toronto Stock Exchange, 6% on the TSX Venture Exchange, and 34% are interlisted on a US exchange. CIRI is headquartered in Mississauga and has active chapters in Toronto, Montreal, Calgary and Vancouver. CIRI’s mission is to “advance the practice of investor relations, the professional competency of its members, and the stature of the profession”. The prime focus of the organization is the education of its members about investor relations best practices through regular and ongoing professional development programs.

The Canadian Investor Relations Institute (CIRI) is pleased to make these written comments to the Association for Investment Management and Research Canadian Investor Relations Institute
CIRI is a professional, not-for-profit organization of corporate executives and consultants responsible for communication between public companies and the investment community. With more than 770 members, CIRI is the world’s second largest society of investor relations professionals. The majority of CIRI's public company members are listed on The Toronto Stock Exchange. CIRI is headquartered in Mississauga and has active chapters in Toronto, Montreal, Calgary and Vancouver.

The Canadian Investor Relations Institute (CIRI) is pleased to make these written comments regarding the CSA’s proposed NI 51-102 which is comprised of Continuous Disclosure Obligations (the Rule) and Forms 51-102F1 through 51-102F6.