On March 31, 2016, the Canadian Securities Administrators (the "CSA") published for comment proposed protocols with respect to proxy vote reconciliation for shares beneficially owned by shareholders who hold those shares through intermediaries (the "Protocols"). The comment period for the Protocols closes on July 15, 2016.
![]()
| View Original |
The TSX Venture Exchange is engaged in ongoing efforts to revitalize Canada's public venture market and to better meet the needs of the TSX-V's issuers. Although the TSX-V has traditionally served as a catalyst for the growth of early-stage or small-cap companies, activity on Canada's major venture exchange has experienced a significant decrease over the last several years due to various factors, including sluggish capital market conditions and a sustained collapse in commodity prices. In December 2015, the TSX-V issued a white paper outlining an action plan, and in March 2016, the exchange issued a report reaffirming its commitment to implementing the meaningful changes set forth in the white paper and providing an update on the progress made to date.
![]()
| View Original |
The Canadian Securities Administrators (CSA) today published final amendments to National Instrument 23-101 Trading Rules and its companion policy. The amendments adjust the order protection rule (OPR) framework to address inefficiencies and respond to market developments.
![]()
| View Original |
On March 10, 2016, the Office of the Superintendent of Financial Institutions (OSFI) published a draft of its forthcoming guideline (Draft Guideline), IFRS 9 Financial Instruments and Disclosures, regarding the application of International Financial Reporting Standard 9 - Financial Instruments (IFRS 9) to Federally Regulated Entities (FREs).
![]()
| View Original |
A comparison of materiality definitions and approaches by eight of the world's most prominent organizations in corporate reporting is released today. The principles in this paper represent common foundational principles that participants of the Corporate Reporting Dialogue believe to be broadly consistent with all forms of standards' development and business reporting to stakeholders.
![]()
| View Original |
The Canadian Securities Administrators (CSA) are making significant changes to Canada's takeover bid regime. The reforms are designed to obviate the need for overly aggressive and coercive behaviour on both the offensive and defensive sides of hostile takeovers. When the amendments come into force on May 9, 2016, it will mark the first time that the takeover bid rules have been harmonized across the entire country, as the formerly recalcitrant Ontario securities regime has agreed to abandon its own rules and adopt National Instrument 62-104 Take-Over Bids and Issuer Bids.
![]()
| View Original |
New research finds that companies with unequal voting rights generally underperformed and pay their executives a lot more despite this financial underperformance.
![]()
| View Original |
Wondering about executive compensation at the companies you're invested in? You can sate your curiosity by checking company proxy statements.
![]()
| View Original |
After a record-breaking year, two new battle fronts - whether shareholders have the right to call a special meeting and to act by written consent - could create even more opportunities for activists this year.
![]()
| View Original |