A recent study produced by EY and the Center for Corporate Citizenship at Boston College, summarizes the results of a comprehensive survey on sustainability reporting, from the first quarter of 2013. The survey covered various aspects of an organization's non-financial reporting, and the study discusses the business benefits of reporting, taking an in-depth look at GRI and its Sustainability Reporting Framework.
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The head of the Autorité des marchés financiers (AMF), Louis Morisset, says that the International Monetary Fund (IMF) should keep out of the debate over the structure of securities regulation in Canada.
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In the 1983 classic Scarface, Tony Montana was recorded laundering millions of dollars by a video camera disguised as a clock. His captors understood one important lesson: capturing sophisticated criminals requires sophisticated tools.
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Activist investors have taken a shine to Canadian companies in recent years, partly because they see more opportunities to drive better shareholder value, but also because regulations here are for more accepting of their trade, says Stephen J. Griggs, chief executive of Smoothwater Capital Corp., a Toronto-based activist investment firm.
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A "dark pool" may sound like a mysterious water source or an untapped oil well. In reality, it's a finance term: Dark pools are privately run stock markets that do not show participants' orders to the public before trades happen. They are a growing presence in stock trading, now representing at least one-eighth, and possibly much more, of all stock trading volume in the U.S.
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Relations between big public companies and their largest shareholders can at times take on the qualities of a long, unsatisfactory marriage. Complaints from the shareholders are many, but they go mostly unspoken, leading to simmering resentment.
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The Ontario Securities Commission (OSC) has published for public comment proposed amendments to its corporate governance disclosure requirements (the Proposed Amendments). The Proposed Amendments provide for enhanced disclosure by TSX-listed issuers and other non-venture reporting issuers in Ontario on the representation of women on an issuer's board of directors and in senior management in an effort to provide greater transparency to investors and other stakeholders.
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Sustainability is becoming an increasingly hot topic among corporate commentators--at the 2014 World Economic Forum in Davos, there were more than 20 sessions covering climate change, resource security and sustainability. The attention being paid to sustainability issues is in part due to the fact that activist investors and others pushing for corporate governance changes have, to a large extent, won their battles on issues such as majority voting, eliminating staggered boards, and super-majority voting, among others.
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