How should a board of directors respond to a shareholder meeting requisitioned by an activist? Specifically, what should inform the board’s process to improve its chances of securing the "business judgement" deference of the courts?
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U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler confirmed that the commission is considering some adjustments to its long-anticipated upcoming climate risk disclosure rules for public companies, in an interview on CNBC. In the interview, Gensler stressed the importance of the new rules in order to help protect investors, who he said are already making investments based on climate disclosures.
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The current market environment is increasingly more conducive to unsolicited M&A transactions and activist investor campaigns.
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Investors and stakeholders increasingly understand that long-term success is directly affected by how a company and its board of directors (the
"Board") manage environmental, social and governance ("ESG") factors. Best practices require that a Board establish and implement a framework for managing ESG concerns to avoid potential issues that may negatively impact the company or its stakeholders.
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The Canadian Securities Administrators (CSA) today published an exemption for reporting issuers incorporated under the Canada Business Corporations Act (CBCA) from the form of proxy requirement for the uncontested election of directors.
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Environmental, social, and governance (ESG) criteria are useful in measuring a company’s progress toward achieving social goals in addition to creating shareholder value.
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The Capital Markets Advisory Committee (CMAC) is seeking new candidates to join the CMAC from 1 January 2024 for a term of three years, renewable once for a further three years. The CMAC welcomes applications from analysts and investors from all over the world. CMAC members are drawn from a variety of industry and geographical backgrounds and are selected by the CMAC on the merits of their professional competence as capital market participants using financial reporting information and their ability to represent capital market participants' views.
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Boards of directors and their compensation committees have long rewarded executives for financial achievements. Now, companies that do not include ESG goals in performance-based incentives could soon find themselves taking heat from investors.
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