The global evolution of corporate reporting has taken another significant step forward with the release today of the Consultation Draft of the International Integrated Reporting Framework. The Framework creates the foundations for a new reporting model which will enable a business to provide a concise communication of how it creates value over time.
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Canadian investors in recent years have grown to believe that hedging their currency exposure when investing in U.S. and international markets is the best way to go, but that mindset is slowly beginning to change.
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Since the advent of a mandatory but advisory say-on-pay vote required by the Dodd-Frank Act, issuers have used additional soliciting materials in connection with the say-on-pay vote. Often the filings are made in connection with a negative recommendation by ISS or another proxy advisory firm.
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A proposal by U.S. securities regulators to require exchanges to improve protection against technology glitches and natural disasters is too narrow and should include more market players, a top New York Stock Exchange official said Friday.
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On April 2, 2013, the Securities and Exchange Commission (SEC) issued guidance on the use of social media outlets such as Facebook and Twitter by public companies to disseminate material non-public information.
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The Investment Industry Regulatory Organization of Canada (IIROC) recently released its inaugural enforcement report for 2012. According to the report, which provides a summary of IIROC's enforcement actions between 2009 and 2012, IIROC initiated 256 investigations and 129 prosecutions during 2012, with assessed fines and fees totaling over $12 million.
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Further to an earlier post, the Autorité des marchés financiers ('AMF') has published a consultation paper (the 'AMF Proposal') inviting comments on an alternative approach to that contemplated by the Canadian Securities Administrators' Proposed National Instrument 62-105 - Securities Holder Rights Plans.
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Significant Percentage of Hedge Fund Professionals Have Witnessed Misconduct and Lack Faith in Regulators and Fund Leadership.
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Sustainability is an important global business driver and is making its way into corporate
boardrooms. Mounting evidence shows firms that invest in improved sustainability practices
outperform their competitors. There is growing awareness that emerging sustainability risks can have a material impact on company performance. Recognizing these links, companies
increasingly integrate sustainability performance objectives and targets into their performance
management systems.
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