About FAIR Canada
The mission of FAIR Canada is to be a national voice for investors on securities regulation and a catalyst for enhancement of the rights of Canadian shareholders and individual investors.
WHO WE ARE
The Canadian Foundation for the Advancement of Investor Rights [Fondation pour l'avancement des droits des investisseurs] (“FAIR Canada” or the “Foundation”) is an independent national non-profit agency.
FAIR Canada will seek to advance the interests of investors and the integrity and fairness of Canadian capital markets, among other things, by:
- making submissions to securities regulators, stock exchanges, government and other bodies on priorities, policy, legislative change and enforcement to advance the interests of investors;
- proactively identifying emerging issues that affect investors and seeking reform to mitigate harm to investors; and
- identifying actual conduct by issuers, registered persons and other market participants that is, or may be detrimental to, investors and, where appropriate, encouraging action to enhance investor rights and protections.
The Foundation is independent of government, regulators and the financial industry. Its purpose is to be a pro-active voice representing Canadian individual or retail investors in securities regulation with a particular focus on shareholder rights.
Investors rely on their investments in the Canadian equity markets for their financial security in retirement. With the shift to defined contribution plans, individuals rely even more on the performance of the equity markets for financial security in retirement.
FAIR CANADA GOALS
The goals for the first two years of operation (2008-10) of the Foundation are:
- Establishment of Foundation. Building an organization staffed with people with expertise in investor and shareholder rights issues; developing a website to publicize the policies and positions of the Foundation and as a communication tool between investors and the Foundation.
- Initial Regulatory Reform Projects. The Foundation will focus its efforts on 3 or 4 important regulatory issues where we would seek to achieve improvement from the perspective of investors and help establish the credibility of the Foundation as a spokesperson for investor rights in Canada.
- Establish Relationships with Stakeholders. We will seek to establish relationships with Investor rights, corporate governance and consumer organizations in Canada and elsewhere, Financial market regulators including the Canadian securities commissions, Government, SROs, etc. and Media and educational institutions including law schools and business schools at Canadian Universities
- Timely Response on Emerging Investor Rights Issues. The Foundation will take a position on issues as they arise including making submissions to government and regulators in response to requests for comment. These include for example the CSA consultation in “Point of Sale” and the TSX completion on “Special Purposes Acquistion Corporations”.
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