2023: Time to revisit your equity plan design and disclosure

In this article – “2023: Time to revisit your equity plan design and disclosure” – we review new Canadian non-GAAP disclosure rules and TSX Venture Exchange listing requirements; anticipated material changes to the design and disclosure of executive compensation arrangements for Canadian issuers listed on U.S. stock exchanges in 2023 and beyond; how National Instrument 52-112 – Non-GAAP and Other Financial Measures Disclosure (NI 52-112) has begun to affect executive compensation disclosure; and new SEC rules which require U.S. stock exchanges to issue new requirements for listed issuers, including Canadian listed issuers.

This article is authored by Andrew MacDougall and Lynne Lacoursière, partners, Corporate, and Co-Chairs, Executive Compensation practice; Kelly O’Ferrall, partner, Employment and Labour; Nick Guadagnolo, associate, Corporate; and Diana Yeung, associate, Corporate and Executive Compensation.

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Our Legal Year in Review, published December 7, 2022, provides general information only and does not constitute legal or other professional advice. Specific advice should be sought in connection with your circumstances.

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