Corporate governance - Vigil

Blockchain has come to Bay Street, and corporate Canada is giving it considerable thought

The B.C. government is giving two regulators more teeth to tackle some white-collar crimes in the province, bringing in the power of the courts to enforce fines against investor fraud.

Clarion calls for regulating dual-class stock have become a common occurrence. For example, the Council of Institutional Investors (“CII”) has called upon the NYSE and Nasdaq to adopt a rule requiring all companies going public with dual-class shares to include a so-called “sunset provision” in their charter, which would convert the company to a single class of stock after a set period of years.

Two former Canadian politicians are pressing Ottawa to declare bitcoin a currency under the Bank of Canada Act.

Technology has become more central to banking and the economy in general, leading to a boom in patents

Legislation proposing to amend the General Corporation Law of the State of Delaware (the “General Corporation Law”) has been released by the Corporate Council of the Corporation Law Section of the Delaware State Bar Association and, if approved by the Corporation Law Section, is expected to be introduced to the Delaware General Assembly.

An esteemed panel of regulators, scholars, and lawyers gathered at Columbia Law School on March 29 to discuss Securities Market Issues for the 21st Century, a new e-book on the most important areas of inquiry for securities regulation and the financial markets.

Alberta has granted sweeping new powers to its energy minister, including the ability to cut off all exports of oil, natural gas and refined fuels, as the province escalates its trade war with British Columbia.

In 2013, Michael Dell and his private equity partner, Silver Lake, brought the previously publicly-held Dell Corporation private at a price of $13.75 per share, a price that was approved by Dell’s board and by a 57 percent majority vote of shareholders (70 percent of shares voted) on September 12. 2013. That price was arrived at after the board examined numerous estimates of the value of Dell by various outside experts and after an extensive, but ultimately unsuccessful, “go shop” canvassing of at least 60 other companies to explore their interest in making a higher offer.

Two U.S. regulators have proposed Wells Fargo & Co pay US$1-billion in penalties to resolve probes into auto insurance and mortgage lending abuses at the third largest U.S. bank, overshadowing its first quarter results.

Crescent Point Energy Corp. has shot back at an activist investor who launched a proxy fight at the oil producer this week, saying that voting in favour of his slate of directors would halt the company’s plans to win back the market’s trust.

The operator of the Aeroplan loyalty rewards program still faces the prospect of a shareholder revolt after a U.S. investor vowed to vote against the existing board of director nominees at this month’s annual meeting.

Europe’s leading finance executives are worried about technology firms’ growing power and want Brussels to level the playing field on data.

La rémunération moyenne d’un patron du Bel20 (Belgique) atteint 2,15 millions d’euros, soit une hausse de près de 13% par rapport à 2016.

CEO pay is up — yet again. A booming stock market and bulging equity awards propelled the median 2017 compensation for CEOs of the 100 largest companies to the highest figure in 11 years, according to a new analysis.

How do Canadians as individuals relate to the broader world? What do they see as the top global issues? How do they view Canada’s role in world affairs, and what do they think it could be? Today, the Environics Institute for Survey Research, the Canadian International Council, Simon Fraser University Public Square and the Bill Graham Centre for Contemporary Research released a report on a national survey that examines how Canadians see their place in the world and that of their country.

Clarion calls for regulating dual-class stock have become a common occurrence. For example, the Council of Institutional Investors (“CII”) has called upon the NYSE and Nasdaq to adopt a rule requiring all companies going public with dual-class shares to include a so-called “sunset provision” in their charter, which would convert the company to a single class of stock after a set period of years.