IR Leader
November 24, 2015

Top Stories

Crowdfunding in Canada and the United States

Canadian and U.S. companies will be able to raise capital through crowdfunding beginning in 2016. Crowdfunding is already established as a way of raising money via donations from groups of people over the Internet to fund various projects and ventures.

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It's Easier to Go "Overboard": ISS Amends Director Overboarding Policy

Today Institutional Shareholder Services Inc. (ISS) announced that, effective February 1, 2017, it will reduce the number of public company boards on which a director may serve before it recommends that shareholders withhold votes from that director under its amended Overboarded Directors Policy (the Amended Policy). A director who serves on too many public company boards is said to be "overboarded".

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The Cannibalized Company

As stock buybacks reach historic levels, signs that corporate America is undermining itself.


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Society Warns ISS That Overboarding Policy Change Will Hurt Women And Minority Directors

Recently, I criticized ISS' proposed changes to its policy on "overboarding". Therefore, I was pleased to see that I wasn't a lone voice crying in the wilderness. The Society of Corporate Secretaries and Governance Professionals also submitted a comment letter to ISS. The Society echoed my observation that ISS had provided no evidentiary support for its proposed changes.

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Expansion of Crowdfunding in Canada - The Doors Open Wider

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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Reporting Alert: Extractive Sector Transparency Measures Act

The Government of Canada has proclaimed into force the Extractive Sector Transparency Measures Act (the Act). The Act requires entities engaged in the commercial development of oil, gas and minerals to disclose payments made to all levels of government, both in Canada and internationally. This CPA Canada Reporting Alert highlights the basic requirements of the Act, considers possible business implications, and suggests an action plan to implement the Act.

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SWFs: Activist Investors or Passive Stock Pickers?

Three academics investigate whether the world's largest investors use their influence to enact change in the companies they hold.

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What to Expect When the CEO-Employee Pay Gap Goes Public

Companies may have reason to fear employees' reactions after disclosing the ratio between CEOs' pay and median salaries starting in 2017.

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Shareholders Think They Own the Company - They Are Wrong

So whose is the business? No one's, just like the river Thames.

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