IR Leader
March 24, 2015
CIRI IR Issues Backgrounders are published by CIRI's Issues Committee to alert CIRI members to regulatory issues affecting IR, providing an in-depth analysis of an issue.

Below is a list of recently published Backgrounders. Members can click on the titles to access the document. You must be logged in to view.

National Securities Regulator Consultation Period Ends

Proposed Amendments to CSA's Order Protection Rule

Standards of Disclosure for Oil and Gas Activities

Gender Diversity and Board Renewal Mechanisms

Social Media for Investor Relations

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Top Stories

To Buy or Not to Buy: Dealing with a Target's Bonds

When acquiring a Canadian public company, there is no one-size-fits- all approach to dealing with its outstanding bonds. Generally speaking, the decision whether to repurchase the target's bonds is not entirely within an acquirer's control.

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Private Company Valuations are Not Comparable to Public Company Valuations

There has been a great deal written about the growing number of venture backed companies with billion-dollar valuations. While valuations are clearly high discussions about venture valuations can be misleading, because the valuation of a venture backed company needs to be analyzed very differently than the valuation of a public company.

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Starting a Hedge Fund in 2015

Hedge funds are well into the transition from bastions of alternative investment to being accepted into the mainstream investment marketplace. It is now estimated that global hedge fund assets under management amount to in excess of $3 trillion spread across a multitude of funds, management houses and strategies.

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Push Has Come To Shove For Some Companies On Proxy Access

If you've been following the saga regarding shareholder proposals for proxy access this proxy season, you know that around 100 companies received proxy access proposals and that the staff of Corp Fin has refused to express its view on the application of the exclusion, Rule 14a-8(i)(9) (conflicting proposals), frequently used to exclude proxy access proposals from proxy statements, leaving companies scrambling for other strategies to address the proxy access proposal.

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SEC Continues Focus on Cybersecurity Preparedness and Disclosure

Investigators at the U.S. Securities and Exchange Commission are on the lookout for violations such as poor risk controls or lax disclosures relating to hacking and other cyber breaches, David Glockner, director of the SEC's Chicago Regional Office, said at the 2015 SEC Speaks Conference in Washington, D.C. last month.

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Northern Bound: Canadian Regulators Adopt Certain U.S. Regulatory Principles

In January 2015, the Staff of the Canadian Securities Administrators (the "CSAs") issued notice 44-305, "Structured Notes Distributed Under the Shelf Prospectus System." The notice sets forth the CSA's views relating to a number of key issues arising in connection with structured notes under the Canadian shelf prospectus system.

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'Once In A Very Long-Time Opportunity' For Majors To Get Into Canadian Oil and Gas, FirstEnergy CEO Says

Canadian oil and gas companies will reveal more pain in the form of dividend and capex cuts during the next few quarters as they assess the scale of devastation inflicted by low commodity prices.

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Thinking Big - Achieving Your Dream With Private Capital

In the business world, we all have dreams. Like investing in state-of-the art equipment. Becoming a partner in a major development. Expanding our company internationally. Realizing your goal takes more than commitment and hard work. It takes a solid source of capital.

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