Companies listed on the TSX Venture Exchange (the "Exchange") intending to complete share/unit private placement financings below $0.05, are now 'on the clock' to complete those financings by August 31, 2013.
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Toronto - To facilitate discussions among market participants regarding the integrity and reliability of Canada's proxy voting infrastructure, the Canadian Securities Administrators (CSA) today published for comment, Consultation Paper 54-401 Review of the Proxy Voting Infrastructure.
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Here's one to file away for next proxy season (if your shares are NYSE-listed): The NYSE finally eliminated its 50% shareholder quorum requirement. What does that mean?
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Canadian Securities Administrators, the umbrella group that coordinates the policies of Canada's patchwork of provincial and territorial securities market regulators, is collecting public comment on ways to reform proxy voting.
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In July, the Canadian Securities Administrators (the "CSA") released a three-year business plan setting out its priorities over the next three years (the "Plan"). The CSA's Plan appears to be good news as it demonstrates an awareness of the need to make it easier for small, medium, and venture issuers to connect with investors, as well as an understanding of the issues and controversies surrounding proxy votes and battles.
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The chance to say "yea" or "nay" to executive pay might not be driving down CEO compensation, but it's forcing corporate board members to pay much closer attention to their shareholders.
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The Ontario Securities Commission (OSC) recently granted technical relief to providers of exchange traded funds (ETFs) in Canada, and to their dealers, that is conditional on the filing of prescribed summary disclosure documents and delivery of these documents to investors in ETFs. The series of OSC decisions reinforce the OSC's commitment to ensure that investors in all publicly offered investment funds have access to effective and meaningful disclosure through a largely harmonized summary disclosure document - Fund Facts documents for mutual funds and summary documents for ETFs.
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On July 30, 2013, the Ontario Securities Commission (OSC) published OSC Staff Consultation Paper 58-401 Disclosure Requirements Regarding Women on Boards and in Senior Management (Consultation Paper). The OSC states that the purpose behind the Consultation Paper is to advance the representation of women on boards and in senior management.
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On May 2, 2013, the Ontario government delivered its budget which included the following statement: The government strongly supports broader gender diversity on the boards and in senior management of major businesses, not-for-profit firms and other large organizations. In conjunction with others, including the OSC, the government will consider the best way for firms to disclose their approaches to gender diversity, with a view to increasing the participation of women on boards and in senior management.
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