The Canadian Securities Administrators (CSA) today published a second notice and request for comment on revisions to a proposed rule for Non-GAAP and Other Financial Measures (the proposed rule). The rule would establish disclosure requirements for issuers that disclose non-GAAP and other financial measures, which often lack standardized meanings, resulting in potentially misleading disclosure.
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While many companies have been tackling environmental, social and governance (ESG) issues for decades, investors are newly incentivized to incorporate sustainability into their own business models, products and services - demonstrated by a flood of recent announcements from institutional investors such as BlackRock and State Street and underscored by unlikely pundits such as Jim Cramer.
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Institutional Investor Services (ISS) and Glass Lewis have released their updates to proxy voting guidelines for 2020.
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Goals include streamlining regulations and levelling the playing field for small and medium-sized businesses.
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Japan's GPIF is harnessing artificial intelligence to help oversee its $1.6 trillion of assets.
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There are inclusionary and exclusionary approaches to responsible investing.
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Statistics Canada has released new data on the representation of men and women on boards of directors in Canada. Only 18.1% of board seats in Canada were held by women in 2017. The number rises slightly to 21.3% when looking solely at director positions in publicly traded corporations. The government statistics are consistent with those of the Canadian securities regulators, which released detailed data from their review of women on boards and in executive officer positions last week. The topic of diversity in the boardroom is a hot one that has resulted in various legislative and policy developments in the past few years.
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Shareholder activism in Canada continues to evolve, with a broad range of tactics and defenses available and with participation from domestic and other investors.
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