CIRI Submission to the TMX and Ontario Securities Commission (OSC) on Proposed Amendments (April 6, 2017) to the TSX Company Manual, Part IV (listed issuers’ website disclosure) and Part VI (disclosure regarding security based compensation arrangements).
On Monday, May 8, CIRI made a submission to the TSX on proposed changes to website disclosures in Parts IV and VI of the TSX Company Manual. While CIRI continues to believe that listed issuers should be required to develop and maintain a publicly accessible website as a means of providing investors access to appropriate corporate governance policies and/or documents, the proposed changes seem to be unnecessarily repetitive and duplicative of existing disclosure documents.Therefore, CIRI continues to question the value in adding to issuers’ regulatory burden by instituting these proposed changes.
To view the complete submission, click here.
IR Issues Backgrounder: Women on Boards and in Executive Officer Positions
On May 1, CIRI published an IR Issues Backgrounder: Women on Boards and in Executive Officer Positions.
To provide greater visibility of women on Boards and in executive officer positions in Canada, certain members of the Canadian Securities Administrators (CSA), including the Ontario Securities Commission (OSC), adopted new disclosure requirements and mandated all non-venture issuers with year-ends on or after December 31, 2014 to disclose certain information regarding the representation of women on Boards and in executive officer positions.
The disclosure requirement has now been in place for two years. This Backgrounder reviews findings from studies on issuer disclosures and views of Canadian institutional investors. In addition, it discusses certain advocacy groups that have arisen to increase the representation of women in the boardroom.
Click here to read the full IR Issues Backgrounder: Women on Boards and in Executive Officer Positions. (Please note, you will need to log in to access this members-only publication).
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Changes to Chartered Professional Accountants of Canada Awards of Excellence in Corporate Reporting should have all public companies seriously considering entering.
New structure, new awards
Each entrant that meets set benchmarks for reporting excellence is now eligible for a gold or silver award. A new platinum award will recognize those who achieve top marks in all four judging categories: financial reporting, sustainability reporting, corporate governance disclosure and electronic reporting. The new approach allows for a more accurate reflection of Canada’s best reporters.
Stay ahead of the curve
Entrants also receive valuable feedback to take their reporting to the next level – the coveted confidential assessment by expert judges. The assessment is valuable for investor relations and communications professionals as well as financial reporting and sustainability teams.
Additional Benefits for TSX Venture Exchange Graduates
In addition to the new awards structure, there is added incentive for graduates of TSX Venture Exchange this year. Companies that moved to the TSX Exchange between January 2014 and April 2017 are offered a 50 per cent reduction in the $500 entry fee.
If your company’s corporate reporting is already top tier, it should claim that recognition with an award of excellence. If there is room to improve, this program can help. Entries are accepted from May 1 to June 30. Watch for the entry information on the CPA Canada website.
The Awards of Excellence in Corporate Reporting is a national program that is offered by the Chartered Professional Accountants of Canada to help recognize high quality corporate reporting and help publicly listed companies stay ahead of evolving best practices.
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CIRI is pleased to inform you that new job opportunities are available in Ontario and British Columbia.
CIRI members can click here to view the postings. You must be logged in as this is a 'Members Only' benefit.
Are you looking to create or fill a position in your company or for a client? Here's an effective way to reach CIRI members who are looking for new challenges in investor relations.
Members may submit a job posting free of charge. Non-members may submit a job posting for $150+HST.
Click here to submit a job posting.
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The Canadian Investor Relations Institute ("CIRI") Alberta Chapter is pleased to report that, at its annual meeting of shareholders held on May 2, 2017, 12 nominees were elected as Executives of the Chapter with Helen Kelly appointed as the new Chair.
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To provide greater visibility of women on Boards and in executive officer positions in Canada, certain members of the Canadian Securities Administrators (CSA), including the Ontario Securities Commission (OSC), adopted new disclosure requirements and mandated all non-venture issuers with year-ends on or after December 31, 2014 to disclose certain information regarding the representation of women on Boards and in executive officer positions.
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The rise of hedge fund activists emphasizes a way of thinking pervasive in the business world that centers on the idea that management's objective should be to maximize value for shareholders. "At the theory's core is the assertion that shareholders own the corporation and, by virtue of their status as owners, have ultimate authority over its business and may legitimately demand that its activities be conducted in accordance with their wishes," say Harvard Business School professors Joseph L. Bower and Lynn S. Paine.
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Climate change is a business issue. This publication outlines 20 questions for boards of directors to ask in overseeing organizational risk management, business strategy and performance in the context of climate change.
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This reporting alert provides an update of recently issued guidance by Canadian securities regulators on the disclosure of cyber security risks and incidents.
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IR Magazine looks at companies' reasons for doing or avoiding this.
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Do investors really care about ESG (environmental, social and governance) disclosures? Apparently they do, according to a recent survey by EY, and they even take information about ESG into account in making investment decisions.
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A large number of companies around the world now recognize that a sustainable business strategy is not just good for the planet, but also for their own competitive growth. Key stakeholders, including investors and consumers, are increasingly willing to distance themselves from companies that fail to embed sustainability principles into their core business practices and strategy.
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Investor relations officers (IROs) play a central role in corporate communications with Wall Street. We survey 610 investor relations officers at publicly traded U.S. companies and conduct 14 follow-up interviews to gain insights into the nature of their interactions with sell-side analysts and institutional investors, and to deepen our understanding of the role of investor relations officers in corporate disclosure events.
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