IR Leader
April 30, 2019

Did You Know...

...Canadian public companies were far more active in repurchasing their shares in 2018 than in any year since record keeping began in 1989. Through October, 627 million shares had been repurchased for cancellation by 209 issuers. The previous annual record of 557 million shares was set in 2007. The February 2019 issue of IR focus examines investor sentiment toward this use of capital and provides IR advice to those companies planning to launch a buyback in 2019.

IR focus, which provides a comprehensive framework for effectively addressing a single key topic or challenge, is one of the many resources CIRI provides to its members. If you're a CIRI member and missed the February issue of IR focus, click here to read it now. The next issue entitled 'How Do You Measure Success? An IRO's Guide to Objective Setting' will be published mid-May. Watch your inbox for it! 

Not a member? See the types of resources you're missing! IR professionals join CIRI to leverage our: resources; professional development; networking opportunities; and issues education and advocacy. Could you benefit from these? Then join CIRI today!
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IR Job Notification

CIRI is pleased to inform you that new job opportunities are available in Ontario, British Columbia and the Prairie Provinces.

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.

To submit a job posting, contact Kaitlin Davis at kdavis@ciri.org or (416) 364-8200.

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Top Stories

Investor Interviews on Climate Disclosure and Decision-making: Key Findings

Investors recognize that a transition to a low-carbon economy is happening, bringing significant investment opportunities and risks. Are you prepared to respond with the information they need?

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Rules of Play in the TSX "Sandbox'': Canada's Top Exchange Clarifies New Securities Listing Initiative

On April 12, 2019, the Toronto Stock Exchange (TSX) released TSX Staff Notice 2019-0002, providing guidance on its new 'Sandbox' initiative. This initiative is intended to facilitate the acceptance of: (i) original listing applications; and (ii) transactions involving changes in capital structure (including equity, debt, structured products and other securities), which may not fulfill all of the TSX's prescribed listing requirements, but which may nevertheless warrant acceptance if certain other conditions are met.

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Investors Should Look to Climate Change Strategies, Says Paper

Investing in green energy companies will mitigate risk of climate change.

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MIFID II Fuels Buy-Side Demand and Need for TCA

The implementation of MiFID II last year pushed the already rapid adoption of transaction cost analysis (TCA) systems by institutional investors into overdrive.

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Deployment of Excess Cash - Substantial Issuer Bids in Canada

As a result of ongoing consolidations in a number of industries where issuers are selling off assets or as a result of successful operations, some issuers are facing the challenge of having excess cash sitting on their balance sheets with no reasonably priced alternatives for deployment. In those circumstances, an issuer might consider a normal course issuer bid or, where there is sufficient cash to be distributed, a substantial issuer bid.

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CBCA to be Amended to Codify BCE Decision and Give Shareholders a Say-on-Pay

The federal government introduced Bill C-97 on April 8 to implement measures announced in its 2019 budget.

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What is the SEC's Current End Game on Proxy Advisory Firms - Guidance or Regulation?

The newest SEC Commissioner, Elad Roisman, who has reportedly gotten the nod to head up the SEC's efforts regarding proxy advisory firms, told the U.S. Chamber of Commerce in late March that he expects the SEC to issue new guidance, sometime after proxy season this year, regarding the use by institutional investors of proxy advisory firm recommendations, as reported in The Deal.

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