Following the publication of the International Sustainability Standards Board’s (ISSB) inaugural Standards - IFRS S1 and IFRS S2 - the IFRS Foundation and the International Organization for Standardization (ISO) have confirmed their shared commitment to cooperate to support efficient and resilient global economies. Both organizations recognize that working together in areas of common interest is in the public interest.
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Jon Feldman, partner at Goodmans LLP, discusses the state of shareholder activism in Canada following a banner year and delves into what’s top-of-mind for him as we head into the 2024 proxy season.
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On November 21, 2023, Institutional Shareholder Services (ISS) Governance announced proposed changes to its benchmark voting policy for 2024 (Proposed Changes). To ensure that a broad range of perspectives is considered, ISS is soliciting stakeholder feedback until November 30, 2023.
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Morrow Sodali’s data analysis on shareholder activism over the last 5 years suggests a reversal in 2023 of the decline experienced during the COVID years of 2020 through 2022. In 2023, activist campaigns returned to pre-COVID levels with 34 public campaigns this year so far, which is consistent with the 33 campaigns conducted in 2019.
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Our analysis of the sustainability reports from Canada’s top companies found few organizations ready for mandatory ESG reporting standards.
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In the midst of divergent ESG (environmental, social, and governance) practices between the U.S. and Europe, companies face a challenging landscape. While U.S. stakeholders push for reduced ESG efforts, European regulations demand more stringent sustainability measures. The key to navigating this complexity lies in a corporate "statement of purpose."
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