Corporate governance - Vigil

In a nonbinding shareholder vote, more than 52% of votes cast opposed the company’s pay plan, which also includes compensation for board members. The vote took place at the auto maker’s annual meeting held virtually in Amsterdam.

The Bentonville, Ark.-based retail giant on Tuesday said it named Mr. Rainey chief financial officer, effective June 6. Mr. Rainey has served as CFO of PayPal for nearly seven years. Walmart previously announced that its current CFO Brett Biggs would leave by early next year, overseeing the transition.

As new sanctions hit Russia, the price of bitcoin keeps falling and is already 13% below where it was at the start of the year. Other digital currencies like ether and dogecoin have dropped in lockstep as stocks have stumbled, confirming once again that crypto gyrations mostly depend on broader speculative appetite.

The Financial Services Regulatory Authority of Ontario announced on Monday that two organizations – FP Canada and the Institute for Advanced Financial Education (IAFE) – have been authorized to permit individuals to use the titles “financial adviser” and “financial planner” if they hold certifications by either group.

French banking giant Société Générale said it would exit Russia, sell its operations to one of Russia’s richest people, and take a more than $3 billion hit to its income.

Under the new plan, Shopify will issue Lutke a founder share that will have a variable number of votes that, when combined with his other holdings, will represent 40 per cent of the total voting power attached to all of the company’s outstanding shares.

Canada needs to be “obsessed with economic growth” to boost prosperity and combat pressure from high inflation and rising interest rates, says Victor Dodig, chief executive officer of Canadian Imperial Bank of Commerce
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An ambitious climate plan to cut emissions and sell cleaner energy to the world “could be the story of Canada’s decade,” Royal Bank of Canada chief executive officer Dave McKay said Thursday, as his bank faced a barrage of criticism from investors and Indigenous leaders over its financing of oil producers and a contentious pipeline project.

Richard Liu, the founder of Chinese e-commerce giant JD.com Inc., stepped down as chief executive officer on Thursday, making him the latest technology-sector billionaire to leave his post amid Beijing’s tougher regulatory environment.

Foreign investors cut their holdings of Chinese bonds by more than $15 billion in March, in a record monthly retreat from the world’s second-largest bond market.

Alphabet Google said Wednesday that the investment in more than a dozen states will create at least 12,000 new full-time jobs by the end of the year. The search-engine giant plans to open a new office in Atlanta, boost its presence in New York, build out its campus in Boulder, Colo., and invest in data centers across the country, it said.

Glaxo said Wednesday it would pay $55 a share for San Mateo, Calif.-based Sierra—a 39% premium on its closing price Tuesday. Sierra also has other treatments targeting rare forms of cancer in early-stage development.

Delta on Wednesday reported a $940 million loss over the three months ended March 31, but said it returned to profitability during March, despite soaring fuel prices, and expects to report a profit in the second quarter.

Privately held telecom Iris Technologies Inc. is suing the Canada Revenue Agency and several of its agents for $275-million, alleging the agency’s actions have forced the company to lay off workers and scale back its expansion plans, costing it significant business opportunities.

Home Capital Group has nominated three new directors, including veteran telecom executive Joe Natale, as the mortgage lender shifts its focus to expansion after weathering a financial crisis five years ago.

Les enquêteurs de l’AMF ont visité les bureaux de Justin Méthot le 22 janvier 2020. Cet ex-vice-président aux Placements privés, responsable des investissements dans les grandes entreprises, est soupçonné d’avoir divulgué de l’information privilégiée et confidentielle sur Colabor.

Darren Entwistle, the chief executive of Telus and the Canadian telecom industry’s longest-serving CEO, received $19.82-million in total compensation in 2021, according to the company’s recently filed proxy circular.

Shopify is overhauling compensation packages for its employees, giving staffers more choice between cash and equity in a bid to address employment challenges brought on by the company’s fallen stock price and the hotly competitive technology labour market.

Trevor Hill was sitting down to a takeout dinner with his wife on their moving day into an empty-nester apartment when prosecutors showed up at his door. The 51-year-old American, a rare foreigner to make it to the top ranks of a Japanese brokerage in Tokyo, knew authorities were looking into some trades in his unit.

Pfizer Inc. has agreed to buy a privately held drugmaker developing medicines for a life-threatening respiratory virus, a deal with which the big drugmaker aims to bolster its push in combating infectious diseases.