2023 volume 33 issue 2

ESG, and the Risks of Misrepresentation

FINANCIAL REPORTING & IR

There continue to be growing expectations regarding companies’ environmental, social and governance (ESG) practices. Investors are increasingly scrutinizing their portfolio companies, employees are seeking companies that align with their values, and consumer spending behaviour is shifting in favour of ESG ideals. In response, companies are coming forward with bold ESG commitments, such as reaching net-zero emissions by a target date. In some cases, companies go as far as linking their ESG commitments to executive compensation. These pressures can incentivize misrepresentation, overstatement or even fraud concerning an organization’s ESG claims, products and financial reporting. | Read Article |

The Ontario Securities Commission (OSC) has released its Statement of Priorities for its 2023-2024 fiscal year (2023-2024 SOP). Beyond its core regulatory operations, the 2023-2024 SOP sets out four strategic goals on which the OSC intends to focus its resources and actions in the fiscal year: (1) building trust and fairness in Ontario’s capital markets; (2) strengthening investor safeguards; (3) adapting regulation to align with innovation and evolving markets; and (4) enabling the organization to deliver effective regulation. | Read Article |

Small-Cap Versus Large-Cap Companies: Is Bigger Necessarily Better?

THE CANADIAN INVESTOR RELATIONS PRACTITIONER PERSPECTIVE

My 25-year career of practicing investor relations has encompassed companies of various market capitalizations. From a $200 million pharmaceutical company to a $10 billion professional services firm, and finally, to a $500 million electric vehicle manufacturing company that went public via a de-SPAC process, I have experienced the full spectrum of company sizes. In this article, we will explore the role of investor relations in both small-cap and large-cap companies, examining the similarities and differences in both roles and target audiences, and whether bigger is always better in investor relations. | Read Article |

Biodiversity is Rising to the Top of the Investor Agenda

THE INVESTMENT COMMUNITY PERSPECTIVE

Just as companies and investors have wrapped their heads around the complexities of climate change and we begin to see mandatory reporting take hold across the globe, an even more complicated issue is gaining traction. Biodiversity has long been on the agenda for certain industries in terms of land reclamation or protecting vulnerable species. However, only in the last few years has the issue broadly picked up the pace, given the world’s increased understanding of the interdependence of business and biological systems that sustain us and the economy. | Read Article |

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