The Canadian Securities Administrators have adopted a new Form 51-102F6 Statement of Executive Compensation (the New Form) which, subject to ministerial approvals, will come into force in Ontario on December 31, 2008 and will apply in respect of financial years ending on or after December 31, 2008. The New Form will expand disclosure of executive compensation in key areas. The stated purpose of the changes to the executive compensation disclosure form is to improve the quality of executive compensation disclosure, resulting in better communication of the board of directors’ intentions and insight into a key aspect of a company’s overall stewardship and governance.

type The Material Change Report - November 2008 - New Executive Compensation Disclosure Rules