CSA staff report on findings of an examination of corporate disclosure from 886 TSX-listed issuers that are
subject to the Rule.
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The securities regulatory authorities in Manitoba, New Brunswick, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Nunavut, Ontario, Québec, Saskatchewan and Yukon today published CSA Multilateral Staff Notice 58-307 Staff Review of Women on Boards and in Executive Officer Positions - Compliance with NI 58-101 Disclosure of Corporate Governance Practices (Staff Notice 58-307). The notice summarizes the results of Staff's review of disclosure of over 700 TSX-listed issuers with year-ends between December 31, 2014 and March 31, 2015 following the implementation of amendments to National Instrument 58-101 Disclosure of Corporate Governance Practices (the Rule Amendments).
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Some departing CEOs get a big payday even after performing poorly, but generous severance more often prevents poor performance.
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Shareholder proponent James McRitchie, who was successful in persuading the SEC to reconsider its no-action position with Whole Foods on proxy access, has hinted at his intentions for the upcoming proxy season, or at least some of them.
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Salaries rise nationwide as more IROs counsel C-suite, finds CIRI research.
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A significant number of TSX issuers are inter-listed on stock exchanges outside Canada, such as the NYSE, the NASDAQ, London's AIM, the Australian Stock Exchange and others. TSX has historically exercised a degree of regulatory deference by exempting inter-listed issuers from certain TSX rules if the other exchange is the issuer's primary trading market. Effective September 10, TSX has amended its exemption regime for inter-listed issuers. Some of the changes are beneficial for inter-listed issuers while others impose new requirements.
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Norton Rose Fulbright, The Boston Consulting Group and RBC Capital Markets weigh in on the importance of value creation in defending against shareholder activism.
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Financial regulators are ramping up efforts to police dark pools, rapidly growing private trading venues. While there was no significant regulatory action against any dark pool before 2011, this year has already seen three cases, including a tentative agreement reached with Credit Suisse Group AG this week.
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More companies are disclosing how they oversee external auditors and the audit committee's involvement in the auditor selection process.
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Hedge fund activism has increased almost hyperbolically. Although some view this trend optimistically as a means for bridging the separation of ownership and control, we review the evidence and find it far more mixed.
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