Corporate governance - Vigil

Annual proxies have grown increasingly more complex with each year. Institutional investors and other activist shareholders are pushing for additional disclosures on topics like ESG and board diversity, while taking stronger voting stances against boards that fail to meet their expectations. How can boards leverage the proxy more strategically – particularly in the midst of COVID-19?

Wells Fargo & Co fell short of Wall Street estimates for third-quarter profit on Wednesday as the bank clocked nearly $1 billion in expenses tied to a years-long sales scandal, while near-zero interest rates hurt its bottom line.

French luxury goods group LVMH is set to gain EU antitrust approval for its acquisition of U.S. jeweler Tiffany, people familiar with the matter said.

Even as major Canadian investors continue to embrace environmental, social and governance factors, their U.S. counterparts are increasingly rejecting them, leaving Canadians more in line with European attitudes.

The global economic collapse caused by the coronavirus won’t be as severe as estimated earlier, the International Monetary Fund predicted Tuesday, thanks to strong government intervention world-wide and a swift recovery in China.

Governments around the world have committed $11.7 trillion, bringing debt close to 100% of global output this year

Both aerospace heavyweights emerge from the 16-year bout battered

Former Bank of Canada Governor Stephen Poloz said monetary policy is near its limits and fiscal policy should be the primary tool for lifting the economy out of the hole created by COVID-19.

To address challenges such as Covid-19, a responsible innovation process is required. Here’s how corporate governance can help.

Calin Rovinescu is doing everything he can to steer clear of catastrophe as the lawyer-turned-chief-executive leads the airline through the COVID-19 crisis. Saturday’s announcement of Air Canada’s reworked takeover of Transat AT Inc. – an offer cut to $190-million from a prepandemic $720-million – is the latest example of Mr. Rovinescu’s deal-making skills, and willingness to use hardball tactics.

The growth in global demand for oil will end within the next decade, according to the International Energy Agency, as the world reaches a critical window where it must accelerate toward net-zero emissions goals to meet climate-change targets.

But more CIOs are expected to earn a seat as the pandemic forces companies to lean on digital

Goldman Sachs Group Inc on Wednesday posted its best quarterly performance in a decade by some measures, as its trading business moved back into the limelight and its lack of a big consumer business switched from a curse to a blessing.

Transat AT Inc.'s largest shareholder called Air Canada’s reduced offer for the Montreal-based airline and travel company attractive but said he will wait to see whether another suitor comes forward before backing the revised bid.

WestJet Airlines Ltd. will suspend most flights in Eastern Canada on Nov. 2, as the COVID-19 pandemic and travel restrictions render these markets “unviable.”

Starbucks Corp. said it would mandate antibias training for executives and tie their compensation to increasing minority representation in its workforce, becoming the latest company to set fresh diversity goals in the midst of a national conversation over race.

Seniors and other Americans receiving Social Security will see a 1.3% increase in benefits next year, the federal government said Tuesday.

French luxury goods group is set to gain EU antitrust approval for its acquisition of U.S. jeweller Tiffany, people familiar with the matter said.

Global emissions fell by 8.8 per cent in the first half of the year amid restrictions on movement and economic activity owing to the coronavirus pandemic, according to a new report.

The provincial fiscal challenge may be slower moving, but it is significantly larger and deserves more attention. Acting now to address this challenge will avoid more difficult and drastic actions later.

The European Union won the right to impose tariffs on $4 billion of U.S. goods on Tuesday in retaliation against subsidies granted to planemaker Boeing, expanding a dispute that has already seen Washington put border duties on EU imports.

Hydro-Québec has poured US$8.3-million into a campaign to influence a referendum in Maine on a controversial new electricity transmission corridor, raising accusations of foreign election interference.

A new ranking by The Wall Street Journal puts Sony at the top, as hardware companies claim 18 of the 100 positions on the list