IR Leader
November 18, 2014

November IRO Roundtable: Weighing Both Sides - A Discussion on Earnings Guidance

Tuesday, November 25, 12:00 - 2:00pm (ET) - Montreal, QC

Trying to determine whether or not to provide guidance? Looking for a way to enhance trust and transparency while minimizing the Street's short term view of your company? Join us as we present the results of CIRI's Guidance Practices Survey and discuss the pros and cons of providing annual and quarterly earnings guidance.

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Each year, CIRI recognizes investor relations professionals who make a significant contribution to the practice of investor relations. These individuals are nominated by you - their peers.  During this season of strategy and budget planning, we ask you to think about your IR program and consider nominating those IROs whose programs or initiatives you admire.
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Top Stories

Aequitas Stock Exchange Wins Approval of Market Watchdogs, But Big Challenges Lie Ahead

Canadian regulators have approved the creation of a new stock exchange that will go head-to-head with Toronto Stock Exchange owner TMX Group this spring. But if Aequitas succeeds, it will have to penetrate the domain of a bigger, stronger rival that has fended off other challenges by dominating market for listings, trading, and clearing and settlement of trades.

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Aequitas Gets OSC Recognition

New approach to high-frequency trading gains regulator approval.

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Notice of Approval: Recognition of Aequitas Innovations Inc. and Aequitas Neo Exchange Inc.

On November 13, 2014, the Commission recognized each of Aequitas Innovations Inc. (Aequitas Innovations) and Aequitas Neo Exchange Inc. (Aequitas Neo Exchange) as an exchange. The recognition is effective as at March 1, 2015.

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Does Advice from Proxy Advisory Firms Really Help Shareholders?

Good corporate governance is booming business for powerful proxy advisory firms - companies like RiskMetrics/Institutional Shareholder Services (ISS), and Glass, Lewis & Co., who influence key shareholder votes with their governance ratings on companies and recommendations on how shareholders should vote at annual meetings or on special issues such as takeover bids. But for public companies and investors who follow their recommendations, new research suggests the advice may not be as useful as the advisors' reputation might suggest.

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Mini-Tenders 201: Responding to Mini-Tender Offers

In our previous article, we introduced mini-tenders and discussed the factors that should be considered before launching a mini-tender offer. In this article, we discuss mini-tenders from the perspective of issuers and shareholders.

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The Revolving-Door of Sell-Side Analysts: A Threat to Analysts' Independence?

The "revolving-door" phenomenon whereby analysts are hired by firms that they cover poses a threat to their independence. This paper documents this phenomenon and assess the extent to which it is associated with analysts' issuance of biased research reports during the year prior to their employment with the covered firms.

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ISS and Glass Lewis Release 2015 Canadian Proxy Voting Guidelines

Institutional Shareholder Services ("ISS") and Glass, Lewis & Co., LLC ("Glass Lewis"), two leading proxy advisory firms, recently released updated guidelines for the 2015 Canadian proxy season. The revisions reflect a continued focus on advance notice bylaws along with other defensive measures relied on by management and incumbent boards. Given the influence that ISS and Glass Lewis have on voting, understanding these guidelines could be critical for issuers in advance of the upcoming 2015 proxy season.

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Mini-Tenders 101: Factors to Consider Before Launching a Mini-Tender Offer

Mini-tenders have a bad reputation, which may explain why they are used infrequently. This is the first in a trilogy of articles about mini-tender offers from the perspectives of offerors, issuers and shareholders. It reviews factors that an offeror should consider before launching a mini-tender offer.

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Proxy Paper Guidelines - 2015

An overview of the Glass Lewis Approach to Proxy Advice

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Canada Proxy Voting Guideline Update

2015 Benchmark Policy Recommendations

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