Corporate governance - Vigil

The European Union on Tuesday called on U.S. President Joe Biden to help draw up a common rule book to rein in the power of big tech companies like Facebook and Twitter and combat the spread of fake news that is eating away at Western democracies.

One of the starkest changes is its prescription for mandating that companies report to their shareholders and regulators the risks of climate change on their corporate health. To do it, the task force recommends that corporations adopt the most stringent set of standards out there – those created by the international Financial Stability Board’s Task Force on Climate-related Financial Disclosures (TCFD).

And yet there was still pushback against initial proposals from Ontario’s Capital Markets Modernization Taskforce to level the playing field for women and diverse candidates.

Even the Canadian technology company itself said it wasn’t aware of any impending news that might be stirring up investor interest

Too many old people are crammed into substandard institutions

Quebec is creating an online marketplace for homegrown retailers that will offer an alternative to Amazon.com and other foreign e-commerce giants, starting this fall.

Estimates that China will soon overtake the U.S. in total economic heft depend on it maintaining current growth trends, and poor demographics will make it difficult to hold the lead

CEO says he is focusing on the issue because of the risk that climate change poses on investor returns

Shaping a successful economy with much lower GHG emissions will be an ever-present challenge for the next three decades. The low-carbon transition has begun, but is still at a very early stage; we have only a broad idea of what the transition might look like in the years ahead.

Portuguese-born Carlos Tavares, 62, Stellantis’s first CEO and a former CEO of PSA, is no celebrity and never relied on sheer force of personality to keep his operations together. He is admired as a genuine car guy who knows how to turn around struggling brands, as he did at PSA, without being showy about it.

Telus will maintain control of its subsidiary through a dual share structure. The parent will own multiple voting shares in Telus International that each cast 10 votes, while public investors will own subordinated voting shares that each have one vote.

The U.K. variant of COVID-19 behind a devastating outbreak at a long-term care home in Barrie, Ont., is also being investigated as the possible source of infections at a second facility in the region.

Ontario Teachers' to increase investments in climate-friendly projects, ensure companies in its portfolio manage and report their emissions every year and work with them to reach carbon neutrality by 2050

Canadian trucking company TFI International Inc. is buying a key freight business from United Parcel Service for US$800-million, its biggest acquisition as it punches into the top ranks of North American transportation carriers.

For the cannabis industry, 2020 was the year of bankruptcies, mergers and acquisitions, exposing the winners and losers of the sector after years of overspending and unbridled growth.

A new report on billions of dollars the federal government has sent to provinces to help safely reopen the economy suggests much of the money is sitting unused.

Blitz of debt and equity fundraising comes as stimulus measures boost global markets

Governments have extended national programs to keep troubled businesses afloat, but the aid may only be postponing a painful reckoning.

The IMF expects the global economy to grow 5.5% this year — a 0.3 percentage point increase from October’s forecasts.

Outlook has been buoyed by hopes for increasing vaccination and improved therapies to combat Covid-19

The government needs to retool CEWS to make sure any support goes to the people who need it most and doesn’t end up in the pockets of those who don’t

The task force does, however, have suggestions on diversity goalposts for corporate Canada. It recommends, for example, that publicly listed issuers meet a 50-per-cent target for women on boards and in executive management within the next five years and a 30-per-cent target for BIPOC (Black, Indigenous, and other people of colour), LGBTQ+ and persons with disabilities within the next seven years

There are more men serving as supervisors, managers, senior managers, directors, executive directors and vice-presidents. More men on executive teams and at the helm of institutions. More men in six-figure jobs. And when comparison was possible, The Globe found that in a majority of cases, men were earning more than their female counterparts — women who worked for the same company and at the same management rank.

No one ever talks about the risk that gold could go to zero — because it can’t