In recent weeks, proposals to adopt “say on pay” have been approved at annual shareholder meetings or adopted by management at Canadian Imperial Bank of Commerce, Royal Bank of Canada, The Bank of Nova Scotia, Bank of Montreal, National Bank of Canada and the TMX Group Inc. Similar proposals will be addressed at upcoming shareholder meetings of The Toronto-Dominion Bank and other major Canadian companies.

type Securities and Capital Markets Alert - March 11, 2009 - Say On Pay Comes to Canada