The Portfolio Management Association of Canada (“PMAC”), through its Industry, Regulation & Tax Committee, is pleased to have the opportunity to submit the following comments regarding CSA Consultation Paper 54-401 – Review of the Proxy Voting Infrastructure (the “Consultation Paper”).
General Comments
PMAC supports the efforts of CSA to undertake a review of the current proxy voting system in Canada with a view to assessing the reliability of the system and identifying areas of improvement. The importance of a well functioning and reliable proxy voting system in Canada cannot be overstated and is integral to investor confidence in our capital markets.