The Canadian Securities Administrators (CSA) today published for comment CSA Consultation Paper 33-403 The Standard of Conduct for Advisers and Dealers: Exploring the Appropriateness of Introducing a Statutory Best Interest Duty When Advice is Provided to Retail Clients. The Consultation Paper explores the potential benefits and competing considerations of introducing a statutory fiduciary, or ‘best interest’, standard for advisers and dealers when they provide advice to retail clients.
![]()
| View Original |
In September, over 1,000 attended a webinar on new auditor reporting proposals. Their responses to a series of polling questions make for interesting reading.
![]()
| View Original |
When does a newly issued or amended IFRS become effective in Canada? Read this AcSB staff commentary for answers to this sometimes complex question.
![]()
| View Original |
High-frequency trading gets a clean, but qualified, bill of health from a just released study sponsored by the British government.
![]()
| View Original |
Earlier this month, the Toronto Stock Exchange adopted new rules relating to the election of directors and at the same time, proposed for public comment a rule requiring companies to adopt majority voting for the election of directors.
![]()
| View Original |
The 2012 proxy season was an active one in Canada and provided valuable guidance for both issuers and shareholders to consider as the 2013 proxy season approaches.
![]()
| View Original |
CSR has come a long way in a very short time. But while CSR remains a high priority, social performance has been lackluster and corporate leaders want to know how to increase the value of their investments in this area.
![]()
| View Original |
When the U.S. recently changed its securities laws to enable equity crowdfunding, advocates of the practice to the North started urging Canadian securities administrators to follow suit.
![]()
| View Original |
Every public company must decide whether and to what extent to give the market guidance about future operating results.
![]()
| View Original |
A 20% boost in share price from buying back stock may sound attractive, but over five years it’s a below-average return.
![]()
| View Original |
There's little or no evidence that the modern criteria for good
corporate governance actually lead to better-governed corporations.
![]()
| View Original |
The hottest new thing on Wall Street is cooling down.
![]()
| View Original |
On its face, the number is stark: From the end of 1997 through this August, the number of companies listed on stock exchanges in the United States plunged by 44%.
![]()
| View Original |
Shareholders in the United States advocating so-called ‘proxy access’ are virtually certain to continue pressing for the controversial new rules next year, after winning a small but significant portion of votes at annual meetings this past spring.
![]()
| View Original |