Proposed statement is intended to help issuers provide investors with clear and useful disclosure.
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Four provinces and feds sign MOA setting out terms and conditions for the new regulator.
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n preparing and filing the preliminary prospectus, we have recently noticed that regulators are commonly responding with requests for further disclosure from issuers with mining properties in emerging markets.
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The Court of Appeal for Ontario has recently released its decision in Peter Kaynes v. BP PLC, ruling that Ontario was not the appropriate jurisdiction for a secondary market securities class action for investors who had purchased their securities on a stock exchange outside Canada. The Court of Appeal applied the principle that securities litigation should take place in the jurisdiction where the investor's securities transaction occurred.
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In April of this year, the Government of Canada issued a Consultation Paper regarding mandatory reporting standards for extractive industry companies, requiring disclosure of payments to foreign and domestic governments (the proposed reporting standards). In the Consultation Paper, the Government indicated that the proposed standards would apply to payments by extractive industry companies to domestic and foreign governments, including Aboriginal entities.
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Five years after the official end of the Great Recession, corporate profits are high, and the stock market is booming. Yet most Americans are not sharing in the recovery. While the top 0.1% of income recipients - which include most of the highest-ranking corporate executives - reap almost all the income gains, good jobs keep disappearing, and new employment opportunities tend to be insecure and underpaid. Corporate profitability is not translating into widespread economic prosperity.
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The act has encouraged more monitoring and oversight of executive compensation.
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In October 2013, the Canadian Securities Administrators proposed amendments to the auditor oversight rules with the aim of strengthening public confidence in the integrity of financial reporting by reporting issuers. The final version was announced in a recent notice and substantially mirrors the October 2013 version. Subject to ministerial approvals, National Instrument 52-108 Auditor Oversight (Instrument) and related amendments to National Instrument 41-101, National Instrument 51-102 and National Instrument 71-102 will come into force on September 30, 2014.
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OSC releases its 2014 Annual Report.
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Companies aren't budging much when it comes to raises. But they are devoting more of their total compensation budgets to bonuses than they ever have in the past.
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The Securities and Exchange Commission isn't showing its cards just yet, but it is working on guidance related to a new standard on revenue recognition to address burning questions over whether companies will be required to recast five years worth of revenue data under the new standard.
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Earlier this year, Institutional Shareholder Services Inc. released its Governance QuickScore 2.0 data verification portal. It has recently announced the launch of another portal giving all U.S. public companies that have an equity-based compensation plan listed on their proxy ballot for shareholder approval the opportunity to verify the data regarding such equity compensation plan.
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The latest studies confirm more employers are choosing pay tied to performance over stock options for their executive ranks.
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Corporate America is being held hostage by three people you have probably never heard of.
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Earlier this year, two proposals were floated to enhance shareholder engagement with directors, one from a working group called the Shareholder-Director Exchange and the other from The Conference Board. While it may now be almost de rigueur for management to engage with shareholders, engagement between shareholders and boards is a bit more of a rare bird.
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