Corporate governance - Vigil

Business Roundtable announced its support for companies moving away from an expectation of providing quarterly earnings per share guidance and potentially dropping such guidance in the future.

In the period leading up to the 2018 proxy season, the staff of the Division of Corporation Finance (Staff) of the Securities and Exchange Commission (SEC) published Staff Legal Bulletin No...

SEC Commissioner Robert Jackson Jr. is not the first person to describe America’s battle with cyber crime as a war. Whether the threat entails independent bad actors stealing consumer data or state-sponsored theft of company IP or trade secrets, today’s board members have the duty to oversee one of the biggest risks that U.S. businesses have ever faced.

In light of evolving—and sometimes actively debated—perspectives on the role of public companies with respect to sustainability, corporate social responsibility and other ESG matters (e.g.,  Barron’s recent report on Sustainable Investing), we are providing a high-level overview of how boards of directors and senior management teams may wish to approach these issues:

As Canada's retaliatory tariffs on billions of dollars worth of American goods come into play, the immediate effect of the escalating trade dispute on the Canadian economy is expected to be small, economists say.

Bombardier Inc.’s strategic advantage over archrival Embraer SA might be gone, but the company’s chief executive says it remains months ahead in the battle for single-aisle jetliner sales.

Over the past decade, the income share of low earners has increased in the EU while that of top earners has slightly declined...

In a new cross-nation study, we discuss our findings on how the takeover market affects stock-price crash risk, defined as the likelihood of a sudden, drastic decline in the stock price of a firm...

The Vancouver Airport Authority plans to access the domestic bond market next year to help finance its $9.1 billion ($6.9 billion) expansion.

A victory in one of the most unexpected election campaigns in Canadian history reveals important lessons for directors who will find themselves competing for the hearts and minds of proxy holders in the face of a shareholder activist, hostile bid, or contentious annual meeting.

The company says work has been underway since last fall at the Westridge Marine Terminal in Burnaby, B.C., and will continue along with additional work in the Lower Mainland

Boards are coming under increasing pressure to demonstrate their relevance at a time when multiple disruptive forces are threatening established business models and creating new opportunities for innovation and growth. Increasingly, investors expect boards to have meaningful processes in place to renew their membership and maximize their effectiveness.

Many funds that are not "activist" funds nonetheless from time to time want to engage with other investors about a portfolio company's performance. For example, it may be that earnings are lagging and another investor asks for a meeting to discuss the causes, as well as perhaps proposed solutions...