The predictability of returns falls when traders are tweeting about a higher number of companies, researchers found.
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The new year is around the corner. Busy business owners and managers hustle at the office while dreaming of eggnog-filled nights with the family. In the busyness of the end of the year, it's easy to forget that a brand-new year is just around the corner.
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On August 19, 2019, the U.S. Business Roundtable (BR), comprising the CEOs of more than 200 of America's largest corporations, issued a new mission statement on "the purpose of a corporation" (BR, 2019a).
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European heads of states and the European Parliament on Wednesday reached a milestone agreement that codifies the criteria for permitted carbon emissions of investment portfolios, known as the taxonomy, for universal use by investors across the Continent.
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On November 12, 2019, the Canadian Securities Administrators (CSA) published Multilateral Staff Notice 51-359 Corporate Governance Related Discourse Expectations for Reporting Issuers in the Cannabis Industry ("MSN51-359") to address what securities regulators in Ontario, Quebec, New Brunswick, Saskatchewan, Manitoba and Nova Scotia (collectively, "securities regulators") see as a lack of transparency in the disclosure and vetting of financial interests by cannabis reporting issuers.
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Tens of trillions of global investment dollars are pouring into companies touting robust environmental, social and governance credentials. Now short-sellers spy an opportunity.
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Institutional Shareholder Services (ISS) and Glass Lewis (GL) have updated their proxy voting guidelines for the 2020 proxy season. Changes to the guidelines include director meeting attendance and committee meeting disclosure, director overboarding, board diversity, ratification of auditors and excessive non-audit fees, policies applicable to majority-owned/controlled companies, and executive compensation and contractual payments and arrangements. Unless otherwise noted, the revised guidelines are generally applicable to meetings held in 2020.
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On October 24, 2019, the Canadian Securities Administrators (CSA) announced that it is undertaking a review of automatic securities disposition plans (ASDPs). ASDPs are plans that enable the pre-planned sales of securities through an arm's length third party in accordance with a pre-determined set of instructions.
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