The Ontario Securities Commission’s ("OSC") 2010-2011 Statement of Priorities included a commitment to review protections for shareholders’ rights and corporate governance. In addition, the Standing Committee on Government Agencies ("SCOGA") March 2010 report on the OSC recommended that the province of Ontario institute a formal review of democracy in corporate governance in Ontario. The OSC’s submissions to SCOGA noted that the OSC was in the process of a significant review of shareholder democracy. The Notice highlights the following issues as requiring additional review and, potentially, the development of regulatory proposals for reporting issuers: (i) slate voting and majority voting for uncontested director elections; (ii) shareholder advisory votes on executive compensation; and (iii) the effectiveness of the proxy voting system.