The Canadian Securities Administrators (CSA) today published its consolidated Year in Review. This report highlights the progress the CSA has made between July 1, 2022, and June 30, 2023, towards fulfilling its mandate to improve, coordinate and harmonize regulation of the Canadian capital markets and achieving the strategic goals outlined in its 2022-2025 Business Plan.
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The Canadian Investor Relations Institute (CIRI) Board of Directors is pleased to announce the
appointment of Nathalie Megann to the position of President and Chief Executive Officer (CEO) of CIRI effective
September 1, 2023, following an extensive, national search process. Ms. Megann succeeds Yvette Lokker, who
announced her intention to resign from her role in May following a successful 10 years as CIRI President and
CEO.
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A group of investors representing over $1 trillion in assets under management has published a letter to the IFRS Foundation’s International Sustainability Standards Board (ISSB), urging it to prioritize the development of global reporting standards for companies to disclose on human capital and human rights.
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Companies should develop a governance infrastructure to identify, report, and monitor ESG-related risks and opportunities.
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On July 26, 2023, the United States Securities and Exchange Commission (SEC) adopted final rules requiring disclosure by public companies of cybersecurity incidents, risk management and governance. The new rules apply to most U.S. domestic issuers, as well as foreign private issuers reporting on Form 20-F (FPIs), but do not apply to Canadian issuers reporting on Form 40-F under the U.S.–Canada Multijurisdictional Disclosure System.
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The International Sustainability Standards Board and the European Commission are implementing new mandatory non-financial reporting requirements, with the former releasing its inaugural standards for global capital markets and the latter developing standards as part of the EU’s Corporate Sustainability Reporting Directive. These standards will take effect from 2024, but may not be as costly or difficult to meet as businesses fear.
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