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Gold/Mining/Energy : CCB Free Speech Board
CCB 107.55+3.6%2:06 PM EST
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From: helo49/4/2015 11:01:13 AM
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NATIONAL POLICY 51-201 : DISCLOSURE STANDARDS





PART I INTRODUCTION



1.1 Purpose



(1) It is fundamental that everyone investing in securities have equal access to information that may affect their investment decisions. The Canadian Securities Administrators (the "CSA" or "We") are concerned about the selective disclosure of material corporate information by companies to analysts, institutional investors, investment dealers and other market professionals. Selective disclosure occurs when a company discloses material nonpublic information to one or more individuals or companies and not broadly to the investing public. Selective disclosure can create opportunities for insider trading and also undermines retail investors' confidence in the marketplace as a level playing field.

6.12 Chat Rooms, Bulletin Boards and e-mails

Do not participate in, host or link to chat rooms or bulletin boards. Your disclosure policy should prohibit your employees from discussing corporate matters in these forums. This will help to protect your company from the liability that could arise from the well-intentioned, but sporadic, efforts of employees to correct rumours or defend the company. You should consider requiring employees to report to a designated company official any discussion pertaining to your company which they find on the Internet. If your Web site allows viewers to send you e-mail messages, remember the risk of selective disclosure when responding.

Would it be considered 'best practices' for any company official to be a participant in public or private bulletin boards?

lautorite.qc.ca
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