Boy Scouts know it and today’s boards and executive officers know it too: be prepared. In a recent article by Martin Lipton, Mr. Lipton makes it clear that advance preparation may be the key to successfully dealing with an attack from an activist hedge fund.
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The Canadian Securities Administrators (CSA), except Ontario and British Columbia, today published for comment proposed amendments to National Instrument 13-101 System for Electronic Document Analysis and Retrieval (SEDAR) and Multilateral Instrument 13-102 System Fees for SEDAR and NRD (the proposed amendments). The 60-day comment period ends on August 31, 2015.
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The Ontario government has amended Ontario’s Securities Act (Act) to expand the scope of prohibited insider trading and enhance the record-keeping requirements imposed upon capital market participants in the province. This bulletin focuses on the amendments to the insider trading prohibitions, while our companion June 2015 Blakes Bulletin: Ontario Creates Significant New Record-Keeping Obligations for Capital Markets Participants considers the new record-keeping requirements.
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The U.S. Securities and Exchange Commission is working to propose new rules to simplify the voting process for contested corporate Board elections by permitting the use of so-called universal proxy ballots, SEC Chair Mary Jo White said on Thursday.
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Securities and Exchange Commission Chair Mary Jo White has a message for companies and shareholders: You're big kids. Act like it.
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The Canadian capital markets are abuzz with optimism around the development and proliferation of the SPAC program in 2015. On June 22, 2015, the TSX hosted an information session on the SPAC program with panels on the Canadian experience to date contrasted with the US SPAC experience. The programme included a discussion with representatives of each of Dundee Acquisition Ltd. ('Dundee') and Infor Acquisition Corp. ('Infor'), the first two successfully listed SPACs on the TSX. In addition to technical interpretation and perspective as further detailed below, the participants made strong indications that the SPAC market in Canada is healthy and growing with the expectation that larger SPACs will be well received by the market in the coming months.
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The SEC's proposed disclosure rules have drawn criticism from proponents and opponents alike.
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The rapid rise in pay for corporate executive officers, which stands in contrast to the stagnant wages of many Americans, is a key driver of inequality that's not clearly tied to talent or performance, a new report from a liberal think tank finds.
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