On July 9, 2014, on what Finance Minister Joe Oliver called "a landmark
day" for reforming Canada’s capital markets regulatory regime, the
federal government announced that Saskatchewan and New Brunswick had
agreed to join Canada, British Columbia and Ontario in the Cooperative
Capital Markets Regulatory System (CCMR). The announcement follows on
the September 19, 2013 agreement-in-principle between the governments of
Canada, British Columbia and Ontario to jointly establish a single
operationally independent cooperative regulator to administer provincial
and federal capital markets legislation.
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Last year, the U.S. Securities and Exchange Commission (SEC) approved a proposal that would require U.S. public companies to disclose the ratio of CEO annual compensation to median employee annual compensation. Similarly, the European Commission is proposing the adoption of rules requiring certain publicly traded companies to report CEO pay ratios.
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In a business environment where a damaging Twitter post can have disastrous effects on a company's financials, reputational risk remains the top non-financial concern for corporate directors, according to a new survey report.
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What if lawmakers never spoke to their constituents? Oddly enough, that's exactly how corporate America operates. Shareholders vote for directors, but the directors rarely, if ever, communicate with them.
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Dark pools and high-frequency traders, two elements of the electronic U.S. stock market whose rise has been decried in books and Congress, are finding little support among financial professionals.
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The conference rooms are cleared out. The activists have gone home. And this year's proxy season - the heyday period for corporate annual meetings - has largely come to a close.
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New Brunswick’s decision to join the federal government's proposed national securities watchdog might surprise those who remember the legal battle over Ottawa's last attempt to create a single regulator.
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CSA Proposes Amendments to Disclosure and Governance Obligations for Venture Issuers.
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