IR Leader
September 17, 2019

Do you know any IROs or industry suppliers who could benefit from a CIRI membership? As a CIRI member, you can refer a new member and receive your choice of a $25 gift card to, Starbucks or Tim Hortons or a $100 credit towards your annual membership renewal, Annual Conference registration or Essentials of IR registration.

Why should you refer new members?

  • To enhance and strengthen your community of peers for collaboration and networking.
  • To ensure CIRI’s continued growth and support of Canada’s IR profession.
  • To get $25 to spend at, Starbucks or Tim Hortons or to save $100 on your membership renewal, Annual Conference registration or Essentials of IR registration.

How does the CIRI Refer a Friend Program work? 
Simply refer a friend or acquaintance who works in or supplies the IR profession to become a member and have them complete our online membership application

How will CIRI know who referred the new member? 
The membership application form has a ‘Referral from’ section. Prospective members must complete this, citing you as the referral, for you to receive your $25 gift card or $100 credit with CIRI.

Click here for more details.

Spread the word, get rewarded and share the benefits of CIRI membership with your friends!

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CIRI's 2019 IR Compensation and Responsibilities Survey results will soon be released and the preliminary findings will be discussed during a free-to-members webinar: 'How Does Your IR Role Stack Up? being held on September 24. Click here to register for the webinar. Non members are welcome to register for a fee. 

About the Survey

The Canadian Investor Relations Institute (CIRI) conducted the ninth Investor Relations Compensation and Responsibilities Survey during the second and third quarters of 2019. The research objectives were to:

  • provide members, non-members and industry professionals with budget information for benchmark analysis; and
  • track key trends in the roles, responsibilities, resourcing and compensation of IR professionals in Canada.

The survey was sponsored and conducted by Global Governance Advisors (GGA), an internationally recognized North American Human Capital Management firm that provides leading Human Capital Management advisory services and HCM technology solutions.

To pre-order your copy of CIRI's 2019 IR Compensation and Responsibilities Survey, click here.
     CIRI members who participated in the survey                   $49
     Non-members who participated in the survey                   $99
     CIRI members who did not participate in the survey   $149
     Non members who did not participate in the survey    $249

Please contact Jane Maciel to purchase your copy.

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Top Stories

Proposed Amendments Increase BAR Thresholds to 30% to Reduce Regulatory Burden for Reporting Issuers

Proposed amendments to the business acquisition report (BAR) requirements would implement a two-trigger test with an increased significance threshold of 30% for non-venture reporting issuers. The proposed amendments were published by the Canadian Securities Administrators (CSA) on September 5, 2019 and represent a positive development in the CSA's goal of reducing regulatory burden for reporting issuers, as discussed in the CSA's 2017 Consultation Paper, by narrowing the circumstances in which a business acquisition report, and the audited financial statements that would accompany a BAR, must be filed.

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U.S. Changes Affecting Your Business: The Proxy Voting System - New SEC Guidance

The work of proxy advisory firms has been on the SEC's radar for several years. Extensive consultations with market participants and research into the role of proxy advisory firms have culminated in the SEC publishing two sets of guidance - one directed at investment advisers and the other directed at proxy advisory firms such as Institutional Shareholder Services and Glass Lewis.

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The CFO as Lead Performer

Finance chiefs aim to break out of their traditional roles to boost enterprise performance, steer technology management, and refine talent development.

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The U.S.'s MiFID II Dilemma

Eighteen months ago, the EU's 'MiFID II' regulation made it mandatory for asset managers to 'unbundle' research costs from the overall sums they charge to investors. The aim, said regulators, was to increase transparency. However, the move has caused a major headache for companies who also operate in the US, where SEC regulations expressly prohibit fund managers from directly charging for research unless they register as investment advisers.

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Raising the BAR: CSA Propose Rules to Increase Business Acquisition Report Triggers and Thresholds

On September 5, 2019, the Canadian Securities Administrators (CSA) published for comment proposed amendments (Proposed Amendments) to National Instrument 51-102 Continuous Disclosure Obligations (NI 51-102) and its companion policies related to the business acquisition report (BAR) requirements for reporting issuers that are not venture issuers (non-venture reporting issuers).

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Tie CEO Pay to Increases in Stakeholder and Shareholder Value

The CEOs who make up Business Roundtable recently made a big splash by revising the group’s statement on the purpose of a corporation. According to this new approach, a corporation not only should create long-term value for shareholders, it should serve the interests of all other corporate stakeholders - employees, customers, suppliers, and the community.

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ESG: The Key to Avoiding Investor Indifference

Institutional investors are turning their backs on companies that ignore environmental, social and governance issues.

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Canadian Securities Regulators Seek Comment on Proposed Amendments to Business Acquisition Reports Requirement

The Canadian Securities Administrators (CSA) today published for comment proposed amendments to the business acquisition report (BAR) requirements for reporting issuers that are not venture issuers.

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Investors Fail to See Value of S and G Factors of ESG, Notes Study

NN Investment says 86% say energy transition from fossil fuels to renewables has potential to drive investment returns.

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The Future of Research in the U.S. After MiFID II

In a 26 June 2019 letter (the Letter) to Jay Clayton, Chair of the US Securities and Exchange Commission (Commission or SEC), CFA Institute, together with the Healthy Markets Association (Healthy Markets) and the Council of Institutional Investors (col- lectively, the Coalition), conveyed two recommendations to address issues raised by the Markets in Financial Instruments Directive II (MiFID II) for US-based broker/dealers and asset managers. The Coalition recommended that the SEC revise guidance under Section 28(e) of the Securities Exchange Act of 1934 (the Exchange Act).

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