On December 9, 2025, ISS released its 2026 Benchmark Policy Guidelines for Canada which will apply for any meetings held on or after February 1, 2026.  Laurel Hill has summarized these changes here.

On December 4, 2025, Glass Lewis released its 2026 Benchmark Policy Guidelines for Canada.  Laurel Hill has summarized these changes here, including policy updates and clarifying amendments, which will take effect for all meetings held during the 2026 calendar year. 

In preparation for the 2026 proxy season, we are pleased to share our 2025 Trends in Corporate Governance Report, our 11th annual comprehensive guide to the key trends, risks, and challenges facing Canada’s public companies.

Dual-listed Canadian issuers may find that shareholders who are 13G filers (i.e. own more than 5% of the issuer’s common shares) may be less willing to engage with the board and management based on the recent staff guidance from the U.S. Securities and Exchange Commission.