The Financial Post reports in its Friday edition that the Canadian Coalition for Good Governance, whose members include the Canada Pension Plan Investment Board and CIBC Asset Management, is calling on Canada to adopt United States-style rules to make it easier for large shareholders to nominate directors for election to company boards. The Post's Barbara Shecter writes that the CCGG is urging Industry Canada to amend the Canada Business Corporations Act to give shareholders owning as little as 3 per cent of a company's shares the right to name up to three nominees who would be included in documents circulated to all shareholders who would vote on the nominees at the company's annual general meeting. CCGG director Stephen Erlichman says: "We're trying to build in a system that is not going to be expensive or onerous. ... This is not radical -- this is going on around the world." The coalition suggests the measure -- known as proxy access -- could be immediately put in place voluntarily, as firms based in the U.S. such as General Electric have done. York University associate professor Richard Leblanc, however, says voluntary adoption is "never as effective as regulation" to enhance shareholder democracy.