The 2013 Executive Compensation Principles provides the latest CCGG thoughts on designing an effective executive compensation program.
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Janet Dignan hears from 25 IROs who have helped lead the profession from obscurity to center stage over the last quarter century.
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One-fifth of all Canadian share volume is high-frequency trading, says the nation's biggest regulator.
And such traders produce 94 percent of all order message traffic and account for 36 percent of all volume in U.S. inter-listed securities, according to a study by the Investment Industry Regulatory Organization of Canada.
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IIROC has initiated a comprehensive and objective study of certain types of trading activity in Canadian equity markets using its database of confidential regulatory market data, consisting of all orders and trades executed on Canadian equity markets (the "HFT Study"). The HFT Study consists of three phases. IIROC is publishing herein the results of Phases I and II (the "HOT Study").
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On November 29, 2012 the Canadian Securities Administrators (CSA) adopted amendments to National Instrument 54-101 Communication with Beneficial Owners of Securities of a Reporting Issuer, National Instrument 51-102 Continuous Disclosure Obligations and certain related forms and policies (the Amendments).
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High order-to-trade traders are responsible for a high number of orders, compared to the number of trades they actually complete.
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On November 29, 2012, the Canadian Securities Administrators (the "CSA") announced the adoption of amendments to National Instrument 54-101 Communication with Beneficial Owners of Securities of a Reporting Issuer ("NI 54-101") and National Instrument 51-102 Continuous Disclosure Obligations (together, the "Amendments") that modernize and enhance communication between reporting issuers and their shareholders by allowing greater use of the internet for delivering proxy-related materials.
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The two largest proxy advisory firms in North America, Glass Lewis & Co. ("Glass Lewis") and Institutional Shareholder Services Inc. ("ISS") have recently released Canadian guidelines for the 2013 proxy season. The guidelines come into effect for shareholder meetings held on or after February 1, 2013.
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Twelve-year-old regs don't take into account social media.
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The OSC yesterday announced the approval of amendments to IIROC's Dealer Member Rules that are intended to promote compliant trade matching practices and eliminate the sending of duplicative trade related correspondence to clients.
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Proxy advisory firms are being pressed for more information by companies, governance experts and investors about how they come up with their shareholder recommendations.
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A top government economist has concluded that the high-speed trading firms that have come to dominate the nation’s financial markets are taking significant profits from traditional investors.
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