Corporate governance - Vigil
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December 20, 2022 12:20 PM
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Charte de la langue française | Les oppositions veulent que les entreprises fédérales au Québec soient assujetties

Charte de la langue française | Les oppositions veulent que les entreprises fédérales au Québec soient assujetties | Corporate governance - Vigil | Scoop.it
Ainsi, l’article 54 du projet de loi C-13 qui édicte notamment la Loi sur l’usage du français au sein des entreprises privées de compétence fédérale serait amendé de sorte à ne pas donner le choix aux entreprises entre la Loi sur les langues officielles et la Charte de la langue française du Québec, comme c’était proposé initialement.

Le cabinet du ministre québécois de la Langue française, Jean-François Roberge, a reproché lundi que C-13 mette les communautés linguistiques minoritaires « sur un pied d’égalité » ce qui signifie qu’« on s’inquiète pour les anglophones du Québec parce qu’ils sont minoritaires ».
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December 20, 2022 12:17 PM
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Today’s Leaders Risk Falling Behind Without Necessary Skills

High-touch skills development is critical as the pandemic has permanently changed not just how work gets done, but where it gets done. In fact, according to the U.S. Census Bureau, the number of people primarily working from home between 2019 and 2021 tripled from 9 million to nearly 28 million people. As a result, ways of working now run the gamut from fully remote to fully onsite with a plethora of hybrid arrangements in between. However, with this newfound flexibility also comes unique challenges—especially for leaders––as they seek to continue managing their teams effectively amidst a constantly evolving, new-age work model.

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December 20, 2022 12:15 PM
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Magna rachète les activités de sécurité de Veoneer pour 1,5 milliard US

Magna rachète les activités de sécurité de Veoneer pour 1,5 milliard US | Corporate governance - Vigil | Scoop.it
La société ontarienne de pièces automobiles a indiqué mardi que l’accord ajoute des ressources d’ingénierie importantes et élargit sa clientèle de systèmes avancés d’assistance à la conduite et sa diversification géographique.

L’acquisition des opérations de la société suédoise ajoutera 2200 ingénieurs, dont 1800 pour le développement de systèmes, de logiciels et de capteurs, à Magna.
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December 20, 2022 12:13 PM
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Elon Musk | La goutte qui fait déborder le vase

Elon Musk | La goutte qui fait déborder le vase | Corporate governance - Vigil | Scoop.it
Ces 48 heures ont été une nouvelle fois chaotiques pour Twitter, plongé dans la tourmente depuis que M. Musk a achevé le rachat de l’entreprise pour 44 milliards de dollars américains à la fin d’octobre. Son mandat a été marqué par des licenciements massifs, des démissions de cadres et des factures impayées au sein de l’entreprise. Les annonceurs ont rechigné, les services rivaux se sont rués et de nombreux utilisateurs de Twitter ont craint que le service ne cesse tout simplement de fonctionner.

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December 19, 2022 11:15 AM
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Third Point could see big returns from small changes at Bath & Body Works

Third Point could see big returns from small changes at Bath & Body Works | Corporate governance - Vigil | Scoop.it
Third Point expressed its concern with Bath & Body Works’ executive compensation structure, noting that excessive awards have been made that are disconnected to important performance metrics. Additionally, Third Point expressed its concerns with the company’s financial discipline, investor communication, and board composition, but noted that Bath & Body Works can resolve many of its issues through board refreshment. Finally, Third Point noted that if no satisfactory resolution is reached, it reserves the right to seek changes in board composition and/or take other measures at or before its next annual meeting.

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November 21, 2022 1:49 PM
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Disney shares jump as company seeks to boost growth with Bob Iger’s return

Disney shares jump as company seeks to boost growth with Bob Iger’s return | Corporate governance - Vigil | Scoop.it
Iger, 71, who was chief executive for 15 years and retired as chairman last year, has agreed to serve as CEO for two more years effective immediately, Disney said in a statement late on Sunday. He will replace Bob Chapek, who took over as Disney CEO in February 2020 just as the COVID-19 pandemic hit, leading to park closures and restrictions on visitors globally.

Disney shares surged more than 9 per cent in premarket U.S. trading, valuing the company at about $182-billion. The Frankfurt-listed stock jumped as much as 10 per cent in European trading on Monday, set for its best day in almost two years.
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October 3, 2022 11:13 AM
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Cryptomonnaies | Demande d’action collective déposée contre Wealthsimple et Shakepay

Cryptomonnaies | Demande d’action collective déposée contre Wealthsimple et Shakepay | Corporate governance - Vigil | Scoop.it
Dans leur demande d’autorisation d’exercer une action collective déposée jeudi en Cour supérieure du Québec, à Montréal, et pilotée par l’avocat Joey Zukran de la firme LPC Avocat, les initiateurs de la requête réclament au nom de « tous les clients de cryptomonnaies » de Wealthsimple et de Shakepay un montant en « dommages punitifs » à hauteur de 10 millions pour chaque entreprise pour les surcoûts cachés de transactions qu’ils prétendent avoir subis.

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September 30, 2022 11:10 AM
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Global rate rises are happening on an unprecedented scale

Global rate rises are happening on an unprecedented scale | Corporate governance - Vigil | Scoop.it
As the pace of tightening has increased, growing numbers of economists have warned that this rapid and synchronous, but largely unco-ordinated, policymaking has the makings of trouble. Maurice Obstfeld, a former chief economist at the imf, recently argued that central banks’ failure to consider the global effects of their policies puts the world economy at risk of a “historic” slowdown. While any given rate rise may be justifiable, together they could have a greater effect than anticipated.

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September 30, 2022 11:08 AM
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Google to Shut Down Stadia Videogame Service

Google to Shut Down Stadia Videogame Service | Corporate governance - Vigil | Scoop.it
“While Stadia’s approach to streaming games for consumers was built on a strong technology foundation, it hasn’t gained the traction with users that we expected,” Phil Harrison, Stadia’s vice president and general manager, said in a blog post.

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September 30, 2022 11:07 AM
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The rise of corporate democracy

The rise of corporate democracy | Corporate governance - Vigil | Scoop.it
The foundation of public markets is exactly that: the public. Millions of people pay into the investment system through workplace pensions, ISAs, and other investments every year and, in doing so, become owners—albeit indirectly sometimes—of publicly listed companies. Most of these people participate in the economy in other ways, too. They are workers and voters, and, unsurprisingly, they have vested interests in environmental, social and governance (ESG) issues, both because of their investments and despite them
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September 30, 2022 11:06 AM
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New York accélère pour interdire les véhicules neufs à essence d’ici 2035

New York accélère pour interdire les véhicules neufs à essence d’ici 2035 | Corporate governance - Vigil | Scoop.it

À cette date, toutes les citadines, berlines, VUS et pick-up transportant des passagers devront être à « zéro émission », soit des véhicules électriques, hybrides rechargeables ou à hydrogène. Le texte bannirait de fait les véhicules à essence et diesel.

La réglementation doit parallèlement progressivement durcir les normes d’émissions pour les véhicules à moteur thermique.

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September 30, 2022 11:05 AM
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Pouvoir d’achat | Les Québécois s’en tirent moins mal

Pouvoir d’achat | Les Québécois s’en tirent moins mal | Corporate governance - Vigil | Scoop.it
Les Québécois résisteraient mieux dans ce contexte inflationniste que les autres Canadiens puisque l’augmentation de certaines dépenses, comme l’épicerie, le transport et le loyer, réduirait moins leur capacité d’épargne qu’ailleurs au pays. Dans les provinces atlantiques, neuf personnes sur dix indiquent que ces dépenses courantes sont le frein principal à l’épargne.

« Le coût des besoins de base est plus bas au Québec », nuance Ronald Gagnon, pour expliquer cet écart. Le panier d’épicerie a augmenté, oui, mais il demeure moins cher au Québec qu’ailleurs au pays.
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September 30, 2022 11:05 AM
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Torstar owners ‘deadlocked’ in feud over direction of company, including Toronto Star

Torstar owners ‘deadlocked’ in feud over direction of company, including Toronto Star | Corporate governance - Vigil | Scoop.it
Mr. Rivett detailed the significant rift in an application filed with the Ontario Superior Court of Justice on Sept. 1, alleging Mr. Bitove thwarted business plans they had agreed to, ignored proper corporate governance and attempted to sideline him. “There is complete deadlock between Rivett and Bitove,” the application states. “They can no longer work together.”

The claims in Mr. Rivett’s application, which was filed by companies he operates, have not been tested in court.
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December 20, 2022 12:19 PM
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BlackRock plans no big changes to ESG stance despite backlash

BlackRock plans no big changes to ESG stance despite backlash | Corporate governance - Vigil | Scoop.it
The fund giant is also facing a campaign by activist investor Bluebell Capital Partners to oust Chief Executive Larry Fink, in part because of its ESG efforts.

Against that backdrop, BlackRock said in an annual update on its stewardship policies, which guide talks with boards ahead of shareholder meetings, that it had only made a "few changes".
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December 20, 2022 12:16 PM
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Question de leadership | « J’avais l’impression que je remplissais chaque quota »

Question de leadership | « J’avais l’impression que je remplissais chaque quota » | Corporate governance - Vigil | Scoop.it
Quand on regarde les pourcentages, on se dit qu’on est très loin de la parité, mais ce sont des postes difficiles à atteindre pour tout le monde. On voit cependant de plus en plus de femmes à des postes de pouvoir. Qu’on pense à Sophie Brochu, à Kim Thomassin et à Geneviève Morin. Ça prend de ces femmes avant-gardistes, fonceuses, courageuses pour nous faire comprendre qu’on peut atteindre ces sommets-là. Je pense que la tendance est à la hausse et qu’on s’en va dans la bonne direction à cause des efforts et des mesures qui sont prises par le gouvernement.

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December 20, 2022 12:15 PM
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Leadership | La diversité des cerveaux fera progresser votre entreprise

Leadership | La diversité des cerveaux fera progresser votre entreprise | Corporate governance - Vigil | Scoop.it
? En embauchant quelqu’un de 55 ans, on a quasiment plus de chances de le fidéliser plus longtemps qu’en embauchant un jeune de 26, 27 ou 28 ans. » Lorsque les gestionnaires construisent des équipes de travail, elle leur conseille d’avoir une vision à 360 degrés en intégrant des employés plus âgés qui ont de l’expérience et une expertise. « Ils vont nous éviter de tomber dans certains pièges et nous éviter des erreurs », affirme la spécialiste. Pour briser la dynamique de préjugés envers les plus vieux et les plus jeunes, elle conseille aussi aux gestionnaires de mentionner les forces de tout un chacun pour en faire prendre conscience aux employés.
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December 20, 2022 12:11 PM
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Foodtastic acquires Freshii at a fraction of its IPO value five years ago

Foodtastic acquires Freshii at a fraction of its IPO value five years ago | Corporate governance - Vigil | Scoop.it
The Toronto-based healthy fast-food restaurant chain agreed Monday to be acquired by Foodtastic Inc. of Montreal for $2.30 a share in an all-cash deal worth $74.4-million. That price is more than double Freshii’s most recent stock market value, but 80 per cent below the $11.50 a share it debuted at when it went public in 2017.

Matthew Corrin, who founded Freshii in 2005, served as chief executive officer until earlier this year and continues to hold voting rights for about 69 per cent of the company’s shares, has agreed to support the transaction.
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December 13, 2022 11:09 AM
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Activist Investors Are Putting Ideology Before Shareholder Value

Activist Investors Are Putting Ideology Before Shareholder Value | Corporate governance - Vigil | Scoop.it
This admission is stunning. No longer hiding behind a false claim that ESG shareholder proposals improve profits, the SEC is greenlighting actions that could harm investors but achieve a politically correct social goal.

Not surprisingly, the number of campaigns initiated by activist shareholders — many motivated by political ideology rather than fiduciary duty — jumped 34% between the first half of 2021 and the first half of 2022, according to asset manager Lazard.
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October 24, 2022 11:08 AM
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Marché obligataire | Après la déprime, les retrouvailles ?

Marché obligataire | Après la déprime, les retrouvailles ? | Corporate governance - Vigil | Scoop.it
« Je vois les rebonds [des marchés] comme une occasion de rendre l’allocation d’actifs en portefeuille encore plus défensive, mais avec un œil attentif sur les obligations qui sont de plus en plus attrayantes », indique Martin Lefebvre, chef des placements et stratège des marchés financiers à la Banque Nationale, dans sa plus récente mise à jour de stratégie.

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September 30, 2022 11:10 AM
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Wary Investors Struggle to Evade Market Tumult

Wary Investors Struggle to Evade Market Tumult | Corporate governance - Vigil | Scoop.it

“In 50 years we haven’t seen debt and equity markets fall this much in unison,” said Rick Rieder, chief investment officer of global fixed income and head of the global allocation team at BlackRock Inc. “I’ve never spoken with clients so much in my life—everyone wants to know when this is going to be over.”

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September 30, 2022 11:08 AM
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Spirit Airlines Criticizes JetBlue-American Partnership in Court Testimony

Spirit Airlines Criticizes JetBlue-American Partnership in Court Testimony | Corporate governance - Vigil | Scoop.it

John Kirby, Spirit’s vice president of network planning, testified Thursday in federal court in Boston that the alliance between American Airlines Group Inc. and JetBlue Airways Corp. in the Northeast could eventually expand, and could inspire other large airlines to try to strike their own partnership deals, limiting competition in an already consolidated industry.

“I view this as opening Pandora’s box,” he said.

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September 30, 2022 11:08 AM
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Exxon CEO Warns Biden Administration Against Limiting Fuel Exports

Exxon CEO Warns Biden Administration Against Limiting Fuel Exports | Corporate governance - Vigil | Scoop.it
Exxon told the Energy Department this week that the oil industry should not slow fuel shipments in favor of putting more in storage tanks, according to a letter reviewed by The Wall Street Journal. Easing exports wouldn’t fill tanks in the Northeast—a region where U.S. officials said oil companies need to send more supplies—and instead would create a glut in the Gulf Coast that would lead refineries to cut output, according to the letter, which was signed by Exxon Chief Executive Darren Woods. 

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September 30, 2022 11:07 AM
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War and Recession: The Causality And Casualties Of Managing Both In Your Communications

In addition to free-market laws where supply and demand are running the economy, companies and consumers are making their difficult choices guided by their conscience. Companies around the world had to be scrupulous when choosing a route on how to respond and take a stand on the geopolitical events and communicate it to all of their stakeholders. It is tempting to believe this has abated as time has passed, but it will rise again.  The pressure is mounting as we move inexorably towards a recession and the basics of food and energy in the winter will cause stress for great parts of the US population. In this context, what a company decides to convey to the world will affect company’s brand reptation and may be a trigger and a turning point for its brand and, possibly, its future existence.
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September 30, 2022 11:06 AM
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En juillet | Le nombre de postes vacants a reculé sous la barre du million

En juillet | Le nombre de postes vacants a reculé sous la barre du million | Corporate governance - Vigil | Scoop.it
Pendant ce temps, le nombre de postes vacants dans le commerce de détail a chuté en juillet de 11,9 %, ou 13 400, par rapport à juin pour s’établir à 99 100.

Selon Statistique Canada, le taux de postes vacants, qui correspond au nombre de postes vacants en proportion de la demande de main-d’œuvre totale, était de 5,4 % en juillet, en baisse de 0,4 point de pourcentage par rapport à juin. Ce taux a culminé à 6,0 % en avril.
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September 30, 2022 11:05 AM
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Canadian banks having second thoughts about Mark Carney’s green alliance over legal, governance risks

Canadian banks having second thoughts about Mark Carney’s green alliance over legal, governance risks | Corporate governance - Vigil | Scoop.it
The banks’ qualms about the Glasgow Financial Alliance for Net Zero, or GFANZ, are coming to light as some of their U.S. counterparts consider leaving the organization over fears they could face legal action stemming from antitrust concerns if they are required to divest from some high-emitting sectors in the imperative to decarbonize.

JP Morgan Chase, Morgan Stanley and Bank of America have signalled they could quit, according to reporting by the Financial Times and Bloomberg, which would deal a serious blow to the group’s credibility.
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