IR Leader
May 13, 2014
Are you interested in discovering a new side of Ottawa while taking part in a memorable experience and networking with colleagues in a casual, fun environment? CIRI has organized optional activities for you and your companions to take part in and expand your 2014 Annual Conference experience.
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Top Stories

Cloudy Poison Pill Landscape Hasn't Slowed Hostile Bids

Poison pills can be an impediment when considering a hostile bid for a company, but things are particularly complicated in Canada right now as Quebec and the rest of the country consider two opposing ways to handle an unsolicited takeover.

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Regulatory Risks Faced by Auditors: The Calm Before the Wave?

Much has been written about the scope of auditor liability. Even more ink has been spilled about the increasing prevalence of civil litigation against auditors and accountants, such as the recent court decisions against the auditors of Livent Inc. and Castor Holdings Ltd., the landmark settlement by the auditor of Sino-Forest Corporation, primary and secondary market class actions against auditors of reporting issuers, and lawsuits by third parties as in the ongoing saga of Philip Services Corp. In our view, the plethora of commentary on auditor liability fails to account for the increasing risks that auditors face from securities regulators.

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CSA's Light Touch Proxy Advisory Firm Proposal May Disappoint Issuers

To address market participants' concerns about services provided by proxy advisory firms, the Canadian Securities Administrators (CSA) have published for comment proposed National Policy 25-201 Guidance for Proxy Advisory Firms (Proposed Policy). The purpose of the Proposed Policy is to set out recommended practices for proxy advisory firms in relation to the services they provide to their clients and their activities.

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Canadian Securities Regulators Propose Guidance on Practices and Disclosure for Proxy Advisory Firms but Steer Clear of Rules

The Canadian Securities Administrators (CSA) recently released for comment proposed National Policy 25-201, Guidance for Proxy Advisory Firms (Proposed Policy). Comments are requested by June 23, 2014.

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Public Companies Earn Poor Grades in Sustainability

More U.S. companies are tying executive compensation to sustainability targets, but efforts to reduce carbon emissions and use renewable energy are lagging.

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Why 2014 Could Be the Year of M&A for Canadian Investors

"Sitting ducks" in a range of sectors.

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SEC Chair to Congress: 'The Markets Are Not Rigged'

U.S. Securities and Exchange Commission Chair Mary Jo White flatly rejected claims that retail investors are being fleeced by high-frequency traders who can use their speed to jump ahead with buy and sell orders that fetch better prices.

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SEC Issues New Guidance on the Use of Social Media

On April 21, 2014, the Securities and Exchange Commission's Division of Corporation Finance published new Compliance and Disclosure Interpretations (C&DIs) concerning the use of social media in certain securities offerings, business combinations and proxy contests.

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