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SNC-Lavalin posted a better-than-expected adjusted profit and raised its quarterly dividend by 1 cent to 26 cents per share
Groupe CGI will buy back 7.1 million shares from the Caisse de dépôt et placement du Québec, a transaction worth about $400 million. The company announced Thursday in a statement that it has agreed with the Caisse to buy back Class A shares for $56.24 per share.
The chief executive officer of Caisse de dépôt et placement du Québec said pension plans and sovereign wealth funds are looking for private investments for their more than $40-trillion of assets
NEW YORK • Wall Street is hoping to reset the debate on American corporate governance following a wave of shareholder activism that has challenged many of the biggest companies.. Read more at straitstimes.com.
Directors responding to PwC’s 2015 Annual Corporate Directors Survey recognize that balancing the pressure for short-term results with a focus on long-term value creation requires the board to have good relationships with the company’s largest shareholders.
Yahoo’s board is slated for its first-ever sit down with activist hedge fund Starboard Value next week — and the conversation could get testy.
Asset manager says it recognises corporate governance code guides against such a move but major shareholders had supported succession plan
Policing is on a lot of minds these days. Liability insurance is probably not. But insurance bears on policing far more than one might think. Municipalities nationwide purchase insurance to indemnify themselves against liability for the acts of their law enforcement officers. The policies are broad, often covering punitive damages and intentional acts like assault and battery and discrimination. This arrangement creates a potentially serious moral hazard problem, but it also positions insurers, in the name of “loss prevention,” to act as “private regulators” of police activity. In my latest article, “How Private Insurers Regulate Public Police,” I present original qualitative empirical research describing how insurers do just that.
In two recent cases, the SEC affirmatively decided not to bring clawback actions under Section 304 of the Sarbanes-Oxley Act (“SOX”) against executives who reimbursed their respective companies for compensation they received following the filing of misstated financial statements.
Women are increasingly making it into corporate C-suites, but a glass ceiling is keeping them out of boardrooms. Of the 8,517 women that are C-level corporate officers at 5,000 U.S. public companies, only 14%, or 1,191 sit on a corporate board, according to a new study by research firm Equilar Inc.
Valeant Pharmaceuticals International Inc (VRX.N) (VRX.TO) said it appointed Ari Kellen executive vice president, succeeding Deb Jorn who has resigned, effective immediately.
Apple shareholders rejected real proxy access at their meeting on February 25, 2016. Maybe shareholders thought they already have it. Recent decisions by the SEC could lead shareholders to believe proxy access was “substantially implemented.” Maybe they wanted to support Apple’s management while the company is under attack from the FBI. ISS recommended a …
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Nearly three out of four (73%) organizations surveyed include cybersecurity risk in their internal 2016 audits, a 20% increase year-over-year, according to a new Protiviti Inc. report.
Securities lawyer heads new 12-member panel aiming to make province ‘jurisdiction of choice’ for companies in Canada
The Canadian government is pushing for changes in the dual-class share structure of embattled aircraft manufacturer Bombardier in exchange for possible financial aid, sources say
Activist investors were long an unloved breed. For much of the postwar era, company boards and bosses expected to run things as they pleased, with shareholders either enjoying the benefits or selling up if they were unhappy. Only occasionally did
The Bombardier/Beaudoin families hold almost 60 per cent of voting power in the corporation, despite holding an economic interest of just one-quarter of that figure
British businesses are showing a worrying reluctance to report cyberattacks and need to “get real” about the dangers, a new report from the Institute of Directors corporate-governance group warns.
When Dow Chemical CEO Andrew Liveris said last fall that "everyone is talking to everyone" in the agriculture sector about deals, he actually meant it.
Whole Foods Market WFM, $WFM. I voted FOR proxy access, pro-rata vesting of equities and a report on food waste. I voted with board 82% of the time.
The decline of the small initial public offering (IPO) has been well-documented. It has been less noted that this decline happened in the space of a few years. In 1997 there were 464 non-financial IPOs and 46% were small IPOs. By 1998, this percentage declined to 30%, which would decline further to just 10% in 1999. Small IPOs—once a mainstay of U.S. corporate finance—were quickly relegated to the margins. We explore the reasons for this sudden decline in our paper recently posted to SSRN: What Happened in 1998? The Demise of the Small IPO and the Investing Preferences of Mutual Funds.
Bond-market turbulence in 2016 is widening the gap between corporate haves and have-nots, a dynamic that threatens to weaken the U.S. economic recovery by raising financing costs for lower-rated firms.
Learn about the different types of crisis triggers and the five things boards must ensure management is focused on to prepare for potential cyber threats.
In the aftermath of the financial crisis of 2008-09 there was a widespread perception that the opacity of derivatives exposures held by major financial institutions contributed to the build-up of systemic risk.
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