We thank all CIRI members for their continued support in 2012. Some of this past year's highlights include:
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Mark Carney's move to take the top job at the Bank of England will be “a loss” for Canada, one of this country’s top bankers said Monday.
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The Ontario Securities Commission's Staff Notice 51-720 – Issuer Guide for Companies Operating in Emerging Markets provides guidance to emerging market issuers and their directors on governance and disclosure practices. The guide is part of a broader regulatory review of the issues facing emerging market issuers and focuses on companies with management or principal active operations in areas such as Asia, Africa, South America and Eastern Europe.
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Hedge funds, activist investors, issuers and corporate governance advisors will be paying close attention to the practice of "empty voting" after the decision of the British Columbia Court of Appeal (the "BCCA") regarding the proxy battle between Telus Corp. ("Telus") and the U.S. hedge fund Mason Capital Management LLC ("Mason") which shone a spotlight on the issue.
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Mary L. Schapiro spent four years at the Securities and Exchange Commission trying to shake the regulator’s past.
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The Globe and Mail's annual corporate governance rankings.
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The CSCS EG awards recognize the important contribution governance professionals make in terms of best practices that build and sustain shareholder and stakeholder value. The awards underscore the critical role that good governance plays in sustaining the value of Canada’s public companies, crown corporations, government agencies, and not-for-profit organizations, contributing to the competitiveness of Canada’s economy and its capital markets.
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At a time of heightened market anxiety and investor uncertainty, one message is clear: companies, particularly those of the small and mid-cap dividend-paying variety, should not surprise their owners.
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In recent years, the role of proxy advisory firms in the Canadian capital markets has noticeably increased. Institutional investors, issuers and proxy advisory firms will be interested in the consultation paper of the Canadian Securities Administrators (CSA) published for comment in June 2012 regarding the potential regulation of proxy advisory firms.
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The Ontario Securities Commission today announced that its staff have retained a consultant to analyze tools and controls with respect to electronic trading in Canada. Part of the consultant's work will include gathering information from market participants regarding the risks posed by electronic trading and the provision of direct electronic access (DEA).
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Canadian companies doing business internationally usually understand that they need to comply with Canada's Corruption of Foreign Public Officials Act ("CFPOA"). The fact that the United States' Foreign Corrupt Practices Act ("FCPA") is often also applicable to them is less understood.
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