Corporate governance - Vigil

A recent report on the voting practices and engagement approaches of the world’s 30 largest asset managers around climate change finds that although support for proposals on the issue varies hugely, ‘investors are increasingly becoming transparent on climate change.’

GDP grew at 6.4% annual rate in the quarter, leaving economy within 1% of its peak

For more than two years, PACE, based in Vaughan, Ont., has been under administration by the Financial Services Regulatory Authority of Ontario (FSRA), led by Mr. White, and a previous regulator. In the fall of 2018, regulators seized control of PACE and ousted its president and CEO, launching an ongoing lawsuit alleging they engaged in a pattern of fraud and self-dealing over a number of years.

Government assistance programs appear to have helped many Canadians avoid missed payments over the past year, which resulted in average credit scores actually improving during the coronavirus pandemic, according to new research from Borrowell, a fintech company that tracks credit.

The Tesla and SpaceX chief courts conflict with an alphabet soup of government agencies—and generally gets away with it

Amazon announced Wednesday it will raise wages by between 50 cents and $3 an hour for more than half a million of its U.S. operations employees.

The original article on risk reporting includes many general tips for developing reports regardless of the audience. For example, many organizations will use very technical terms in their reports that only risk managers will really know the meaning of. Instead, you should be careful and only use language the enterprise uses already.

The asset management giant voted in favor of Wells Fargo’s existing chairman, whom activists criticized for not doing enough to fight global warming.

In the 21st century, creating value for customers is the name of the game. As firms learned how to cope with the fast-moving customer-centric marketplace with Agile management practices. they were able to upgrade existing products and services through cost reductions, time savings and quality enhancements for existing customers.

Royal Dutch Shell’s climate change strategy does not go far enough and investors should advise against it at an upcoming meeting, a U.K. pension funds group said on Wednesday.

Credit rating agencies are sounding the alarm on the billions of dollars worth of debt embedded in the bidding war between Canada’s two big railways for Kansas City Southern, pouring some cold water on the copious benefits projected by the rival bidders.

“Shopify’s momentum continued into 2021 as digital commerce tailwinds remained strong and merchants took advantage of the range of capabilities offered by our platform,” Amy Shapero, Shopify’s CFO, said in a written statement.

Tencent, ByteDance and JD.com were among the firms ordered to change business practices that regulators see as risky

Since the Sarbanes-Oxley Act was enacted, audit committees have developed a strong reputation for overseeing process and procedures around critical audit and financial reporting issues. As a result, new risks of all kinds seem to find their way onto the audit committee agenda – a phenomenon known as ‘audit creep.’

Transat’s announcement on Thursday, which comes after several weeks of talks with the government, includes repayable credit facilities Ottawa last year offered to large employers under a program it called Large Employer Emergency Financing Facility (LEEFF).

Gary Gensler’s tenure leading the Securities and Exchange Commission is off to a rocky start: Alex Oh, who he named just days ago to run the regulator’s enforcement division, has resigned following a federal court ruling in a case involving one of her corporate clients, ExxonMobil.

The head of enforcement at the US markets regulator has quit just days after being appointed following criticism from a judge about her conduct during her previous work as a corporate lawyer for ExxonMobil.

European Union leaders, their British counterparts and European businesses expressed hope Wednesday that the final ratification of the post-Brexit trade deal will open a new, positive era of cooperation despite the many divisive topics remaining between the former partners.

It is true that good governance begins with effective boards. But it doesn’t have to end there. In recent years, boards have increasingly turned to board technologies, such as board portals, to help them become more efficient and effective in fulfilling their strategic mandate. 

Listings on stock markets around the world are running at a record pace, with both deal numbers and values at their highest levels for the start of any year in at least two decades.

Tesla Inc said on Wednesday that the fair market value of bitcoin the electric carmaker held as of March 31 was $2.48 billion, suggesting it could stand to make around $1 billion dollars out of the investment were it to cash in the digital currency.

In September, the co-op announced it was entering creditor protection in order to sell the chain to California-based private equity firm Kingswood Capital Management. It was a controversial deal, not only because MEC was such a well-known Canadian brand, but because the sale would put an end to its co-operative structure, in which members felt a sense of ownership. Some of those members fought the sale, arguing they should have been consulted first.

In recent weeks, several publicly listed companies have said they’re raising prices, including Procter & Gamble Co., Conagra Brands Inc. and MTY Food Group Inc., a Quebec-based franchisor of roughly 7,000 restaurant locations under dozens of brands. Several others have broached the possibility on their earning calls.