(Reuters) - Funds including the Ontario Municipal Employees' Retirement
System and the Ontario Teachers' Pension Plan are
lobbying to have the "30 percent rule" deleted from the statute
books, a regulation they say dates from a time when retirement
funds were not the active, financial titans they are today.
Under the rule, contained in Canada's Pension Benefits
Standards Act of 1985, funds governed by the act cannot elect
more than 30 percent of the directors of any public or private
company they invest in.
Read more at Reuters.com Mergers News
System and the Ontario Teachers' Pension Plan are
lobbying to have the "30 percent rule" deleted from the statute
books, a regulation they say dates from a time when retirement
funds were not the active, financial titans they are today.
Under the rule, contained in Canada's Pension Benefits
Standards Act of 1985, funds governed by the act cannot elect
more than 30 percent of the directors of any public or private
company they invest in.
Read more at Reuters.com Mergers News
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