IR Leader
May 14, 2019

Did You Know...

...In an effort to clarify the meaning of 'materiality' for disclosure purposes, the International Accounting Standards Board (IASB) issued amendments to its existing definition of materiality in late 2018. The amendments will be effective January 1, 2020, with early adoption permitted. In the March 2019 issue of IR leader, the Financial Reporting and IR column discusses the main concerns with the existing definition; how the new definition seeks to address these concerns; and how IR professionals can assess their disclosures to ensure that material information is communicated effectively with its key messages clearly conveyed to its primary users.

IR leader covers a broad range of tactical, financial, regulatory and accounting issues relevant to the practice of investor relations. Columns are written by senior IR practitioners, professionals recognized for their expertise and respected business executives. It is one of the many resources CIRI provides to its members. If you're a CIRI member and missed the March issue of IR leader, click here to read it now. The next issue will be published in early June. 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 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.

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

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Top Stories

Putting Companies in the Driver's Seat to Enhance ESG Reporting

ESG. It's one of the fastest growing areas of investment today. Representing 1-in-4 of every dollar that is professionally managed, sustainable investing is being integrated into portfolios at 17% each year. And yet, for all the investor interest and excitement around ESG, companies struggle to understand what information to report, how to report it, and the relevance of ESG information to investors.

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A New Route to Listing on the TSX: Sandbox Initiative Paves a Formalized Route for Staff Discretion to Relax Certain Requirements

Canada’s principal stock exchange, the TSX, recently unveiled the "TSX Sandbox", an initiative that will provide an alternative path to a stock exchange listing or listing of other securities by existing listed issuers for certain qualifying companies. The TSX Sandbox is designed to achieve this by providing a framework for the exercise of the TSX's discretion to accept meritorious applications even if they do not satisfy all of the exchange's traditional requirements.

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Few Companies Have an Adequate CFO Succession Plan

Four in five finance chiefs say there's not currently anyone in the company ready to take over the role, a survey reveals.

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Canadian Securities Regulators Outline Next Steps on the Development of an Integrated Information System

The Canadian Securities Administrators (CSA) today set out next steps for a new integrated national information and filing system (the Renewed System) for Canada's capital markets. The Renewed System will replace the System for Electronic Document Analysis and Retrieval (SEDAR), the System for Electronic Disclosure by Insiders (SEDI), the National Registration Database (NRD), and various local records filing systems.

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Shareholder Activism in Canada Declines Sharply

Data shows activism down globally in Q1 but mixed bag regionally.

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Retail Investors Eye ESG Factors, Survey Finds

ESG not just concern for institutional shareholders.

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Cannabis and Corporate Governance: Time for Grow Ops to Grow Up?

Since the legalization of recreational cannabis on October 17, 2018, the Canadian cannabis industry has experienced a significant boom. In its 2018 Cannabis Report, Deloitte predicted that legal sales of marijuana are expected to generate up to $4.34 billion in 2019. Moreover, and as previously discussed, Health Canada has introduced draft regulations governing the production and sale of edibles, extracts, and topicals, potentially providing additional growth opportunities for Cannabis companies to partner with the traditional food and beverage industry.

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Gaining Followers: Use of Social Media by Canadian Public Companies While Navigating Canadian Securities Laws

Corporate communication is becoming faster and more flexible. It will continue to be further transformed by social media, which provides a simple, quick and cost-effective way to connect with the public. While disclosure through social media can be efficient, and can enable greater investor access and engagement, the informality and limitations of such platforms pose certain risks to Canadian public companies subject to strict securities and disclosure requirements. This post outlines how social media use by Canadian public companies is governed by Canadian securities laws, and outlines some best practices given the current regime.

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Top 3 Corporate Sustainability Trends All Business Leaders Should Be Watching

I work with hundreds of companies each year to help them determine sustainability projects that make the most sense for their unique business and goals. Through one-on-one conversations with companies participating in EDF Climate Corps, which hit a record high for the second consecutive year, I get a close up look at how businesses across industries - from big tech companies like Google and Amazon, to food and beverage giants like McDonald's and Danone Waters North America - plan to reduce their environmental impact.

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