Corporate governance - Vigil

Large employers, from the meatpacking industry to airlines and pharmaceutical companies, are getting permission from public-health officials to administer Covid-19 vaccines, hoping to speed up inoculations of their employees.

We are nearing exactly one year of a global pandemic, and in that time frame, many things about our world have changed. I was only seven months into my role as the first female president and CEO of CFA Institute when COVID-19 started to shut down our world. As a new CEO, I had been travelling the globe to meet our teams when the pandemic put a stop to my plans.

Alberta is asking Ottawa to commit to $30-billion in spending or tax incentives over the next decade to spur the building of large-scale industrial carbon capture projects.

Not many accountants moonlight as activists. But Tim Ryan, the senior partner at PwC, has spent the past five years trying to make his company a model inclusive workplace, and advocating for more diversity in the rest of corporate America.

Boeing CEO Dave Calhoun was awarded $21 million in total compensation for his work last year, but he gave up $3.6 million in salary and bonuses after the coronavirus pandemic hit and devastated the industry.

The $1.9 trillion Covid-19 relief package passed by the Senate should allow the U.S. economy to return to full employment in 2022, Treasury Secretary Janet Yellen said Monday.

Deal would unite rivals in tough aviation market and could further shrink GE Capital

As more and more people are vaccinated, there is hope that more normal daily life and activities might soon resume. There is growing debate about using “immunity passports” to allow those who have been vaccinated or recovered from COVID-19 infection to resume normal life more immediately.

Solution to ongoing feud between grocers and suppliers needs a coordinated response from all levels of government, says minister

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In the middle of a wave of mergers and acquisitions in the Canadian oil and gas industry, Canadian Natural Resources Ltd. sees opportunities but will balance its appetite for dealmaking with paying down its debt, according to the company’s top executive.

Hudson’s Bay Co. ULC is selling a stake in Saks.com and making it a separate company, paving the way for a possible public offering for the e-commerce business.

Companies are increasingly looking to ensure that their boardrooms reflect the makeup of their customers, and society as a whole. Yet the push for ethnic and gender diversity is not limited to the boardroom. Diversity-related goals and considerations have started to enter the conversation as compensation committees develop their executive pay programs.

Royal Bank of Canada CEO Dave McKay’s total compensation fell 1.5 per cent to slightly less than $13.5-million last year. The bank’s board had raised his target pay by $750,000 in 2019, setting him up to receive a raise. But the difference was swallowed up as the bank’s profit fell amid the fallout from COVID-19.

The Bank of Canada will be walking a tightrope when communicating its rate decision this week, as rising bond yields and strong economic data have put its downbeat forecast at odds with brightening market expectations for a postpandemic recovery.

The progress that Canada’s largest banks have made toward equality for women in senior roles is under threat from the pandemic just as investors ramp up pressure on financial institutions to do better, according to a new report from credit rating agency DBRS Morningstar.

Under the deal, Apollo shareholders will own about 76% of the combined entity. Apollo, with certain related parties and employees, currently owns about 35% of outstanding Athene Class A common shares.

Chipotle Mexican Grill has gone public with its intention to tie executive compensation to its environmental, social and governance (ESG)  goals. The company has introduced a new ESG metric that will hold its executive leadership team responsible for making business decisions that prioritize corporate responsibility. Ten percent of the annual incentive bonus for officers will be tied to the company’s progress toward achieving those ESG goals.

The United States and European Union have agreed to suspend for four months all tariffs related to the long-running dispute over subsidies to Boeing and Airbus.

The U.S. could help drive a powerful global economic recovery this year, as it plays a more central role in the comeback than after the financial crisis, reflecting the unusual nature of the Covid-19 shock and the flexibility of the American economy.

Although COVID-19 is an unexpected catastrophe, climate change is an expected one, which makes the political risks related to climate policy – and the risks that directors will be taken to task for not anticipating the consequences of climate change on their companies, or that their companies will themselves be seen as risky investments for not anticipating them – particularly salient.

“The best leaders absorb fear,” he writes. “I’m not talking about soothing people by blowing smoke or giving false assurances. I’m talking about giving people the truth but also giving them a way forward.”

Appropriately, it's three guys from Quebec leading the revolution of the $50-billion world of motorized power sports

The Bank of Canada’s next policy move will be to taper its asset-purchase program following a solid economic rebound and sustained growth later this year, according to a majority of economists in a Reuters Poll.