Tweet on Twitter Term limits for Congressmen have been hotly debated for some time now.
John Tuzyk and Stefania Zilinskas On September 28,the Canadian Securities Administrators CSA released a staff notice summarizing the findings from its review of the corporate governance disclosure of non-venture issuers related to policies regarding director term limits and other mechanisms for board renewal.
For background information regarding the development of the Amendments, please see our October 21, Blakes Bulletin: Just in Time for Proxy Season: The CSA found that among the issuers in the Sample Group, only 19 per cent disclosed that they have adopted director term limits and 56 per cent disclosed that they have adopted a mechanism for board renewal other than director term limits.
The most commonly disclosed mechanism for board renewal was board assessments. Just over 20 per cent of issuers in the Sample Group disclosed that they did not have director term limits or similar mechanisms for board renewal.
The most significant indicator of whether issuers adopted mechanisms of board renewal, and particularly director term limits, was issuer size.
For example, the CSA found that: Twenty-four per cent of that group disclosed they have director tenure limits in place and the remaining 23 per cent have both director term and age limits in place. Reasons for No Term Limits Several reasons were provided by the Sample Group issuers that disclosed they have neither director term limits nor other mechanisms in place.
The most frequently cited reason for not adopting term limits is the belief that they reduce continuity or experience on the board.
The CSA Staff Notice provides that non-venture issuers must not disclose only that a board assessment process is in place, but also how such assessment relates to board renewal. The Staff Notice includes an example of disclosure compliant with that item of the Amendments.
For further information, please contact:Subsequently, of course, 15 of the of the 22 states that have passed term limits have three-term limits for the House. Only one state (North Dakota) has voted by initiative for six-term limits.
On September 28, , the Canadian Securities Administrators (CSA) released a staff notice summarizing the findings from its review of the corporate governance disclosure of non-venture issuers related to policies regarding director term limits and other mechanisms for board renewal.
Term Limits For Legislators When the Constitution of the United States was adopted in , it was without direction regarding term limits for legislators. At the time, professional politicians were unheard of, and the idea of someone serving for more than one or two terms was unlikely.
The divisive nature of disputed subjects has triggered arguments, since opinions on a given issue differ. These subjects are responsible for a great deal of tension among Wikipedia editors, reflecting the debates of society as a whole. Talk radio- limits on free speech. controversy. Christopher Columbus; Sean Combs – aka "Puff Daddy.
The Twenty-second Amendment (Amendment XXII) to the United States Constitution sets a limit on the number of times a person is eligible for election to the office of President of the United States, and also sets additional eligibility conditions for presidents who succeed to .
Term limits are an important pillar of constitutional reform. In many African countries, term limits have been introduced to curtail the concentration of power in the hands of lifetime rulers.