On June 14, 2013, the Minister of Finance, Charles Sousa, and the then Minister Responsible for Women's Issues,
Laurel Broten, requested that the Ontario Securities Commission (the OSC) undertake a public consultation process
regarding disclosure requirements for gender diversity. Specifically, they requested that the OSC undertake a review and public consultation process over the summer considering a 'comply or explain' disclosure regime for
reporting issuers listed on the TSX relating to board and senior management gender diversity policies and practices
and provide recommendations regarding specific disclosure requirements for TSX-listed reporting issuers and best
practices for this type of approach to gender diversity by fall. Consistent with existing requirements relating to the
disclosure of corporate governance practices, the focus is on TSX-listed (and other non-venture) issuers due to concerns about the potential regulatory burden on reporting issuers listed on the TSX Venture Exchange.
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Many, if not most, crowd funded endeavours will head straight for the scrapheap.
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Investors continue to favour U.S. bank stocks over their Canadian peers, but this sentiment appears to be somewhat waning, according to a new survey from RBC Capital Markets.
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Few topics in corporate finance have received as much attention recently as executive compensation. So we asked The Experts: What changes would you recommend in the way CEO pay is set?
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The CSA announced on July 18 the adoption of Multilateral Instrument 13-102 System Fees for SEDAR and NDR. MI 13-102 consolidates and replaces the existing system fee schedules found in the SEDAR Filer Manual and NRD (National Registration Database) User Guide. The instrument was initially published in January, and the revisions made to the draft are not considered material.
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The Canadian Securities Administrators (CSA) have published the results of their most recent annual review of continuous disclosure documents filed by Canadian public companies. There are approximately 4,200 active reporting issuers (public companies) in Canada (excluding investment funds). For the fiscal year ended March 31, 2013, CSA members conducted 1,336 continuous disclosure reviews, consisting of 368 'full' reviews and 968 'issue-oriented' reviews.
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Auditors' letters are boring and uninformative. In the future they may still be boring, but at least they'll say something.
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