It was not a good day for Shopify – an online commerce company based in Ottawa. On October 4, 2017, its stock price fell more than 10% because of an incendiary short-seller report that came out of nowhere. | Read Article |

With first quarter reporting out the door, companies now have first-hand experience with how the new revenue and financial instruments standards have changed their financial statement disclosures. The rigorous requirements of the new standards mandate more detailed disclosures than ever before. Even if a company's reported revenues or financial asset balances were not greatly affected by the new standards, it still had to make detailed new disclosures. | Read Article |

This year's annual report and proxy season in the U.S. brings new disclosure that is making for some interesting headlines. This is the first year of required pay ratio disclosure under the Dodd-Frank Act. The rule is designed to shine light on the dark shadow of income inequality between Wall Street's top executives and their workers, the people who produce the goods and services generating returns. Although the pay ratio disclosure is not yet required under Canadian securities law, CEO compensation is a lightning rod for controversy in this country as well. | Read Article |