Twitter and securities law may not often cross paths, but Elon Musk's August tweet about taking Tesla private serves as a cautionary tale on disclosure. How should public companies in Canada and the U.S. adapt in a time of changing expectations around how information is shared?
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No sooner had SEC Chair Jay Clayton, in informal comments at a public event, called a halt to speculation that large public companies would be seeing semiannual reporting any time soon, then out comes the Fall 2018 Unified Agenda of Regulatory and Deregulatory Actions, which identifies "Earnings Releases/Quarterly Reports" as a pre-rule stage, substantive, non-significant (really?) agenda item for the SEC.
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On September 6, 2018, the Canadian Securities Administrators (CSA) published a Notice and Request for Comment (the "Notice") regarding Proposed National Instrument 52-112 Non-GAAP and Other Financial Measures Disclosure (the "Proposed Instrument") and Proposed Companion Policy 52-112 Non-GAAP and Other Financial Measures Disclosure (the "Proposed Companion Policy" and, together with the Proposed Instrument, the "Proposed Materials"). The Proposed Materials set out disclosure requirements for non-GAAP financial measures and other financial measures (i.e., segment measures, capital management measures and supplementary financial measures, all defined in the Proposed Instrument) and provide guidance on how the CSA will interpret and apply the Proposed Instrument.
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DHL's Sarah Bowman talks about what IROs can do to be effective two-way communicators.
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Some findings seem to support allegations that companies are practicing "earnings management."
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The Canadian Securities Administrators (CSA) today published Staff Notice 51-357 Staff Review of Reporting Issuers in the Cannabis Industry, which summarizes CSA staff's review of 70 reporting issuers' (issuers) continuous disclosure, and highlights common deficiencies and best practices.
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How can those working in finance ensure they have a future?
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Davies' annual Governance Insights reports analyze the top governance trends and issues important to Canadian boards, senior management, in-house counsel and governance observers.
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Ninety percent of institutional investors believe environmental, social and governance (ESG) integrated portfolios are likely to perform as well or better than non-ESG integrated portfolios, according to a new global survey by RBC Global Asset Management (RBC GAM).
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Labor practices and human rights initiatives are still going strong with small and medium food and beverage companies scoring at the top of the Global SCR Risk and Performance Index.
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