The SEC has adopted final rules requiring mining, oil and natural gas companies that are required to file an annual report with the SEC to provide detailed disclosure of payments they make to governments.
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The Canadian Securities Administrators recently released the results of its continuous disclosure review program for the fiscal year ended March 31, 2016, which includes findings and guidance related to disclosure regarding forward looking information, non-GAAP financial measures, information circulars and material contracts – all of which have particular significance in the M&A context.
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The Canadian Securities Administrators (CSA) today published Staff Notice 51-346 Continuous Disclosure Review Program Activities for the fiscal year ended March 31, 2016, which summarizes the results of the CSA's continuous disclosure (CD) review program, highlights common deficiencies and illustrates best practices for reporting issuers.
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The Canadian Investor Relations Institute (CIRI) is pleased to comment on the proposed Amendments to the TSX Company Manual, Parts IV and VI regarding new disclosure requirements.
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On July 14, the Ontario Securities Commission (the Commission) formally launched its Whistleblower Program (the Program) (OSC Policy 15-601), which seeks to encourage individuals and companies to report suspected violations of Ontario securities laws to the Commission. Coincident with the launch of the Program, the Ontario legislature made certain revisions to the Ontario Securities Act (the Act) to prevent a person or company from taking any action that would adversely affect an employee’s employment because the employee has cooperated with the Commission, including by reporting conduct under the Program.
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The Canadian Investor Relations Institute (CIRI) is pleased to comment on CSA Multilateral Staff Notice 54-304, including the Protocols and CSA staff guidance proposed therein.
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Natural Resources Canada (NRCan) has released the final implementation tools for reporting payments to governments and government officials by mining and oil and gas companies under the recently enacted Extractive Sector Transparency Measures Act (ESTMA).
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Ask someone to name the demands that activist hedge funds make of companies, and they'll likely list corporate governance issues such as board changes and executive compensation, or perhaps some form of restructuring. In fact, the largest number of shareholder resolutions filed by investors - the method through which activists work - now concern social and environmental issues.
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The Canadian Securities Administrators (the CSA) recently published the highlights of their achievements over the past three years (the Highlights), as well as their business plan for 2016 to 2019 (the Business Plan).
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The primary challenge facing the Securities and Exchange Commission as it once again tackles the issue of board diversity is defining what "diversity" actually means, corporate governance experts told Bloomberg BNA.
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