The Canadian Securities Administrators (CSA) is launching SEDAR+ on June 13, 2023. SEDAR+ is the new, web-based application for all capital market participants to file, disclose and search for public documents and information filed by issuers in Canada in accordance with applicable securities legislation.
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Companies are showing a greater willingness to fight back against activist investors—and in many cases they are winning.
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On 17 February, more than 1,000 people from 45 countries convened in Montreal and online to discuss what’s next for investor-focused sustainability disclosure. Onsite in Montreal, the room was abuzz as businesses, investors, policymakers, regulators and other stakeholders engaged in meaningful discussion about the forthcoming standards from the International Sustainability Standards Board (ISSB).
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Moody’s finds companies with more diverse boards tend to have higher credit ratings.
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In our accompanying article, we describe how companies can move beyond a compliance-led approach, to craft sustainability reporting that sets their business strategy firmly within its sustainability context.
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Shareholder activism is now firmly entrenched in the Canadian corporate landscape, and Canada has proven fertile ground for dissidents. This guide provides a brief overview of key tactics and related legal considerations fundamental to shareholder activism in Canada.
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The Toronto Stock Exchange (TSX) provides guidance on “Voting Agreements” between a listed issuer and one or more of its security holders.
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In recent years, boards of directors of reporting issuers are becoming increasingly aware of the ESG disclosure requirements imposed by regulators. Within the current landscape, Canadian companies must work to balance their operational needs with environmentally and socially responsible practices to avoid issues and generate value for organizational stakeholders.
Given that effective management of ESG issues engages numerous laws, regulations and recommendations, this article will provide a brief overview of some notable ESG-specific securities law requirements and best practices that directors should consider when deciding upon board composition, training and sustainable corporate governance.
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Companies have important roles to play in not only enabling a people-led, tech-powered society but also decreasing the impact on the environment – in fact, 91% of business leaders believe their company has a responsibility to act on ESG issues. More than a third (and growing) of the world’s largest public companies have pledged to reach net zero by 2050. With commitments on the record, companies need to be transparent with their stakeholders about their goals, achievements, and progress which can enhance long-term value and help build trust.
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To ascend to (and remain in) the office of CFO and be great at the job, you will have to master these responsibilities.
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Reporting issuers in Canada are subject to governance standards and continuous disclosure obligations under securities laws and stock exchange rules.
This Update discusses relevant governance and disclosure rule updates and related guidance for the upcoming 2023 annual reporting and proxy season, including with respect to continuous disclosure, board diversity, executive pay and environmental, social and governance (ESG) issues.
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A B.C. marketing company and its CEO repeatedly violated the Securities Act by not adequately disclosing that it distributed paid promotional material on behalf of five issuers, a B.C. Securities Commission (BCSC) panel has ruled.
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