IR Leader
December 15, 2015
With your support, we have accomplished a great deal over the last 12 months. Click here to read about these achievements. In the attached video, Yvette Lokker expresses her gratitude to CIRI members, highlights some of what we have accomplished in 2015 and talks about the future.

We have been enhancing member value for years through our various initiatives, as highlighted in the video. We have done this without increasing member dues, which remain unchanged since 2007.

If you have not yet renewed your membership, it is set to expire on December 31. Make sure you benefit from these resources by renewing your membership today. Visit CIRI.org, login and renew to remain a part of this dynamic association of investor relations professionals.

Click here to renew now!

Not a CIRI member? See what you're missing! Join CIRI today.

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The Awards of Excellence in Corporate Reporting are the most prestigious and coveted national awards of their kind. Award winners join an elite group.

In addition to recognizing the best reporting practices of Canadian listed companies and Crown organizations, the awards raise the overall bar in corporate reporting. Entrants receive confidential assessments from the independent judging panel, which includes CIRI members, detailing how they measure up against the winners and recommending changes to help them improve the quality of their corporate reporting.

CIRI offers sincere congratulations to all of this year's winners. Click on 'Complete Article' below to see the complete list of winners.

CIRI also extends sincere thanks to member judges who volunteered their time and expertise to this initiative. 

CIRI members who are interested in getting involved in judging can contact Jane Maciel for more details.
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Top Stories

Obama Signs Law to Help Streamline IPOs, Simplify Reporting and Facilitate Private Market Trading

A new law recently signed by President Obama - known as the FAST Act and related mostly to transportation and infrastructure - will help streamline IPOs by emerging growth companies (EGCs). These are companies with annual revenue of less than US$1 billion, and they have conducted the overwhelming majority of U.S. IPOs in the past three years. The FAST Act will also simplify U.S. companies’ disclosure documents and facilitate secondary market trading in privately-placed securities.

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Equity Crowdfunding is Arriving in Ontario!

It has been almost a year since the Ontario Securities Commission (the 'OSC') published a request for comment on an equity crowdfunding prospectus exemption (the 'Crowdfunding Exemption'). This was the result of an OSC Staff Consultation paper released at the end of 2012. The Crowdfunding Exemption is expected to come into force in Ontario and other participating jurisdictions on January 25, 2016.

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Distributions from a Jurisdiction in the Cooperative CMR System: Appropriate for Today's Markets?

On August 25, 2015, a revised consultation draft of the uniform provincial and territorial Capital Markets Act (CMA) and draft initial regulations under the CMA (together with the CMA, the Consultation Drafts) for the proposed Cooperative Capital Markets Regulatory System (Cooperative System) were published for comment. The Consultation Drafts are open for comment until December 23, 2015.

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Planning for the 2016 Annual Meeting and Reporting Season

Each company faces important decisions in preparing for its 2016 annual meeting and reporting season. We have prepared a checklist of essential areas we believe companies should focus on as they plan for 2016, including corporate governance, executive compensation and disclosure matters.

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Rights Offering in Canada About to Get Easier

On September 24, 2015, the Canadian Securities Administrators (CSA) announced the adoption of amendments to the prospectus-exempt rights offering regime (Rights Offering Exemption) to create a more streamlined process and allow reporting issuers - other than investment funds subject to National Instrument 81-102 Investment Funds - to issue up to 100% of outstanding securities without the use of a prospectus and without prior review of the rights offering document by the CSA.

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A Top-10 List for Say-on-Pay Preparation in 2016

As say-on-pay enters its sixth year as a mandatory ballot item on U.S. company proxy statements, there are fewer failed votes, but the challenges continue. Here are 10 points to consider before the next round of voting begins.

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Activist Investors Are Forcing Companies to Rethink How They Deal With Investor Relations

The 2008 financial crisis has forced investor relations workers to change how they deliver messages and react to questions from investors.

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Women CEOs Are More Vulnerable to Activist Investors Than Men

Fewer female chief executive officers have the weapons corporations typically use to fight off hostile takeovers than their male counterparts. While that's won their companies the approval of good-governance watchdogs, it's made them more vulnerable to activist investors.

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The Paradox of Hedge Fund Activism

Activist investors can focus too hard on short-term performance, to the detriment of long-term value.

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2016 Is Set To Be A Busy Year For Shareholder Activism

2016 is set to be a busy year for shareholder activists according to FTI Consulting's Activist Insight Survey. The survey quizzed 24 activist firms that have engaged in more than 1200 activist events, some of which have been the largest and most high-profile activist situations of the past year.

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