The international Organization of Securities Commissions (IOSCO), the international body that brings together the world's securities regulators, published their Statement of Disclosure of ESG Matters by Issuers on 18 January 2019. With the statement, IOSCO recognizes the importance of considering Environmental, Social and Governance (ESG) information as material for investors.
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New thresholds for Canadian merger reviews under the Competition Act and Investment Canada Act came into effect on February 2. The 2019 increases remain in keeping with increases made in recent years.
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Is your organization considering whether or not to repurchase shares? Read the pros and cons of share buybacks from the IROs perspective in the latest issue of IR focus published today.
Note: This is a CIRI member publication. Members must sign in to access it.
Not a member? You can be! Join today at https://bit.ly/2r4xcdT.
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In preparation for the upcoming proxy season, issuers should familiarize themselves with the Canadian proxy voting guidelines recently published by Institutional Shareholder Services Inc. (ISS) and Glass Lewis & Co. (Glass Lewis), respectively. This bulletin addresses certain areas of the updated topics covered by the ISS benchmark policy recommendations and Glass Lewis's proxy guidelines and shareholder initiatives guidelines, in each case regarding issuers listed on the Toronto Stock Exchange (TSX) for the 2019 proxy season.
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In recent years, a growing number of companies around the world have voluntarily adopted and implemented a broad range of sustainability practices. The accelerating rate of adoption of these practices has also provoked a debate about the nature of sustainability and its long-term implications for organizations. Is the adoption of sustainability practices a form of strategic differentiation that can lead to superior financial performance? Or, is it a strategic necessity that can ensure corporate survival but not necessarily outperformance?
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Investor days and site tours are a common practice used by IROs to update the investment community on the company's strategy and operations.
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The OSC has established a burden reduction task force that indicates it will focus on enhancing competitiveness for market participants by reducing their regulatory burden.
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HSBC finds proof of mismatch between investors swayed by short-term fears and company management seeing the big picture.
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