It is time for calendar year-end public companies to focus on the upcoming 2015 proxy and annual reporting season. This Legal Update discusses key issues for companies to consider in their preparations.
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British Columbia, Ontario and Canada announced yesterday their agreement to establish a national securities regulator through a cooperative model. The cooperative model is intended to facilitate the launch of a national securities regulator after a 2011 Supreme Court of Canada decision that the provinces enjoy much more constitutional authority to regulate securities law than the federal government.
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The federal government announced a plan to create a national securities watchdog by signing on Ontario and British Columbia, a significant advance in a decades-long power struggle between Ottawa and provincial authorities over who should police the country's capital markets.
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The Government of Canada should ensure that the scope and content of a proposed mandatory reporting standard for the extractive sector is robust, according to SHARE's submission to Natural Resources Canada consultation. SHARE praised the efforts of the Resource Revenue Transparency Working Group, an initiative of two NGOs and two mining industry associations to develop recommendations for a mandatory resource revenue reporting framework for Canadian mining companies.
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The Canadian Securities Administrators (CSA) today published CSA Notice 25-301 Update on CSA Consultation Paper 25-401 Potential Regulation of Proxy Advisory Firms, which provides an update to market participants on the status of the consultation.
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The Ministers of Finance of British Columbia, Ontario and Canada have agreed to establish a cooperative capital markets regulatory system and have invited all provinces and territories to participate in the cooperative system.
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The Securities and Exchange Commission today voted 3-2 to propose a new rule that would require public companies to disclose the ratio of the compensation of its chief executive officer (CEO) to the median compensation of its employees.
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Fortune 100 companies have been disclosing more about their auditor in proxy statements - a trend likely to continue, says a new report.
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Don't tell Jos Schmitt it's trendy to blame high-frequency traders for corrupting the stock market. The former CEO of Alpha, the alternative exchange whose owners bought TMX Group in 2012, is launching a new exchange where predatory, high-frequency trading will be banned. In Schmitt's view, the problem is so bad that issuers and investors will want to switch.
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Traditional earnings calls are painfully unhelpful. Here's how companies and investors alike can get more out of them.
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Last year, Oracle CEO Lawrence Ellison made $96.1 million, Exxon Mobil's R. W. Tillerson made $40.2 million and Wal-Mart's Michael Duke made $20.7 million. Soon, the SEC might require those companies to say how those salaries compare with the folks who work for them.
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