Shareholder activism has the potential to affect any publicly traded manufacturer's business approach. Recently activist investors have impacted companies by persuading them to change executive compensation, accept new directors, update environmental policies, restructure the company, and more.
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By incentivizing wrong conduct, bounty programs undermine corporate compliance efforts.
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On July 24, 2015, the Council of Ministers for the participating jurisdictions held its inaugural meeting and announced a critical development toward the implementation of the Cooperative Capital Markets Regulatory System (the "CCMR"). At the meeting, William A. Black was named as the first chair of the expert board of directors of the Capital Markets Regulatory Authority (the "Authority").
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Hillary Clinton sharpened her criticism against what she sees as Wall Street excess by targeting investors who demand short-term corporate measures like share buybacks and dividends to pump up a company's stock price.
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Canada continues to be the world's leading capital market for natural resource companies. The Toronto Stock Exchange (the 'TSX'), Canada's senior capital market, and the
junior TSX Venture Exchange (the 'TSX-V') are home to over half of the world's public mining companies and one-third of the world's public oil and gas companies.
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On June 9, 2015, six federal agencies ('Agencies') subject to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 ('Act') issued much-anticipated joint final standards ('Final Standards') in accordance with Section 342 of the Act for assessing the diversity policies and practices of the entities that they regulate ('Covered Entities'). The Final Standards were published in the Federal Register and became effective on June 10, 2015. In issuing the Final Standards, the Agencies stated that their goal is to provide a framework for an entity "to create and strengthen its diversity policies and practices . . . and to promote transparency of organizational diversity and inclusion."
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Institutional investors are expressing a high level of dissatisfaction with the types of sustainability-related information they are getting from companies, according to a new survey from PricewaterhouseCoopers.
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The International Accounting Standards Board confirmed Wednesday a one-year deferral of the effective date of the revenue recognition standard to stay in alignment with the Financial Standards Accounting Board, which also recently decided to defer the standard for companies in the U.S.
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