Retirement Age and Term Policies - A New Focus: Canadian Special Survey 2011

The issues of retirement age and term limit policies on boards have received increased attention in recent years. In partnership with Patrick O'Callaghan and Associates, Korn/Ferry International has been analyzing governance disclosure in proxy circulars for Canada’s top 300 corporations since 1993. There was little disclosure regarding these policies in the nineties but by 2005, 24% of the corporations disclosed information regarding retirement ages or term limits. In 2010, 52% of the corporations provided disclosure on one or both of these issues and we expect to see this increase dramatically over the next few years.