During the 2023 proxy season, investors set a new global record for shareholder activism, with no fewer than 69 shareholder activist campaigns taking place in Canada alone—double the number of campaigns in 2022. Facilitated by Canada being a relatively “activist-friendly” jurisdiction, this activist surge is characterized by the following trends.
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The IFRS Foundation unveiled significant progress towards the establishment of a consistent global baseline for a corporate sustainability reporting system, revealing today that jurisdictions representing more than half of the global economy have announced steps to use or align with the International Sustainability Standards Board’s (ISSB) disclosure standards.
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The British Columbia Securities Commission (the BCSC) recently published BC Notice 51-703 (the Staff Notice). In the Staff Notice, BCSC staff: (i) emphasized that investor relations activities must be "clearly and conspicuously" disclosed pursuant to Section 52(2) of the Securities Act (BC) (the Act) and (ii) reiterated the key points from the BCSC’s 2023 decision in Re Stock Social (Stock Social).
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The vast majority of companies view sustainability as a value creation opportunity, with more than three quarters anticipating potential benefits ranging from higher revenues and profitability to lower cost of capital, although many also expect increased sustainability-related costs and a need for significant investment, according to a new survey released by Morgan Stanley.
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Post-merger integration can be a tricky business. CEOs from some of the biggest mergers share what they have learned
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Even though the Securities and Exchange Commission’s (SEC’s) climate-related disclosure rules are on hold while court challenges are heard, companies need to prepare for the possibility that some or all parts of the rules will come into effect.
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Since the beginning of companies making claims regarding their sustainability credentials, there have been some so desperate to jump on the eco-bandwagon that they make false declarations. This behaviour was originally termed ‘greenwashing’ in the 1980s, but some 40 years on, the washing machine has been fully loaded with new terms and colours. So, this lexicon of labelling is here to help you avoid being hung out to dry.
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