This fifth annual edition of Davies Governance Insights presents our analysis of the important trends and developments in corporate governance for Canadian public companies during 2015.
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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 (participating jurisdictions) today published the underlying data used to prepare 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.
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A revamped rights offering regime for reporting issuers will come into effect on December 8, 2015 (the Amendments).
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The Alberta Securities Commission (ASC) has proposed significant amendments to its fee model. One of the most notable changes resulting from the proposed amendments is a change from a fixed fee to a participation fee model, similar to the current arrangement in Ontario, for reporting issuers that is based on market capitalization.
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The rising power of activist shareholders has added a new responsibility to the role of board director at a publicly traded company: investor relations.
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After a long wait and much anticipation, securities regulators in five Canadian provinces have announced a new crowdfunding regime. It includes two components, a crowdfunding prospectus exemption and a registration framework for funding portals. This new capital raising regime will be available in Ontario, Quebec, Manitoba, New Brunswick and Nova Scotia.
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Are activist investors short-term traders or in it for the long term? It is the question of the moment as nearly $200 billion has poured into the coffers of activists with names like Icahn, Ackman and Peltz, among others. Last year, as a group they put some 200 companies in their cross hairs and replaced 19 chief executives, according to the law firm Sidley Austin, putting pressure on virtually every board in the country to pay attention to this vocal class of shareholders.
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For decades, corporate America rejected activist investors, accusing them of being corporate raiders out to make a quick buck. But these days, some of America's biggest companies are trying to think more like them.
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Why U.S. Companies Capitulate to Outside Investors
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