An informative reference for foreign bidders and investment banks, Davies' Canadian Mergers & Acquisitions guide has been fully updated for 2015. Drawing on our extensive experience in multijurisdictional merger and acquisition transactions, this guide provides an insight into the types of Canadian acquisition transactions and related regulatory considerations.
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The Canadian Securities Administrators (CSA) today published for comment proposed amendments to the Companion Policy to National Instrument 23-101 Trading Rules. The proposed amendments provide an interpretation of the application of the Order Protection Rule (OPR) with respect to marketplaces that impose a systematic order processing delay (commonly known as "speed bumps").
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While the success of a merger or acquisition may be best determined over a long time horizon of several years, investors tend to have a shorter-term view of what constitutes success or failure in M&A.
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Howard Wetston, chair of the Ontario Securities Commission, says he's disappointed in some of the early response to a regime put in place to get more women on corporate boards, and he acknowledged that legislation may ultimately be needed.
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Many companies have shown bare "technical compliance" with new gender-diversity reporting rules introduced this year and it is "simply not good enough," Ontario Securities Commission chair Howard Wetston says.
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The 2010 Dodd-Frank bank reform law mandated the agency make a rule to require public companies to disclose the ratio of CEO pay to the median paid employee. It took three years to come out with a proposal, and after 22,860 comments, it's still working on a final rule.
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Choosing the right metrics, and applying them consistently, are keys to improving executive and corporate performance.
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Near the end of activist investor Nelson Peltz's high-profile proxy battle at DuPont (DD), Standard & Poor's issued a "negative rating outlook" for the chemical giant, largely due to its dispute with the well-known insurgent.
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Surprisingly, they 'tend to reveal more personal affinities and interests' than do other top executives, a new study says.
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Torys' soon-to-be-released annual publication, Capital Markets Mid-Year Report 2015, features 'Women in the C-Suite: Can Securities Law Advance Gender Equality?' - an analysis of how public companies in Canada have responded to new gender diversity rules that have come into effect this year. Partner and co-head of the Capital Markets Practice, Rima Ramchandani, discusses the impact of the rules for a Globe and Mail article covering the highlights of our study.
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