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Scooped by
Institut sur la gouvernance (IGOPP)
October 18, 2022 11:01 AM
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The Kinston, N.C., business is set to merge with EG Acquisition Corp., a SPAC led by Gregg Hymowitz, chairman and chief executive of investment firm EnTrust Global, executives with the companies said. The SPAC, which is also backed by Gary Fegel’s private-investment platform GMF Capital, raised $225 million through an initial public offering in late May of 2021.
FlyExclusive plans to use the funds to bolster its fleet of more than 90 jets, according to the company’s CEO, Jim Segrave. Every airplane the company has purchased has increased in value, as demand for aircraft has skyrocketed and parts to construct new planes have been harder to come by in the U.S., he said.
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Institut sur la gouvernance (IGOPP)
October 1, 2020 11:26 AM
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In a report last year, the Institute for Governance in Private and Public Organization outlined the benefits, including a tentative but far from conclusive claim that corporations with dual-class share structures may produce superior investment returns. “We find much merit to dual-class companies and family firms, providing holders of shares with inferior voting rights are well protected” with mandatory “coattail” provisions.
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Institut sur la gouvernance (IGOPP)
September 14, 2020 12:42 PM
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Pivoting toward a friendly deal that satisfies the Audet family is the only obvious way for Altice and Rogers to win Cogeco, says François Dauphin, CEO of the Montreal Institute for Governance of Private and Public Organizations. Winning the support of minority shareholders could also put pressure on the Audet family but they would still need to agree to sell, he said.
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Scooped by
Institut sur la gouvernance (IGOPP)
September 3, 2020 3:02 PM
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Chairman of the Institute for Governance Yvan Allaire says that the blunt response from Louis Audet suggests the family that owns Cogeco might not be open to negotiating a selling price.
The past six months have been marked by a profound upheaval that has accelerated the growing focus on both the purpose of the corporation and the role of the board in overseeing and leading the corporation in ways that promote sustainable business success. For a number of years, there has been a growing sense of urgency around issues such as climate change, environmental degradation, globalization, workplace inequality and the need to keep pace with rapidly evolving technologies. Then, in recent months, the COVID-19 pandemic prompted a systemic shock, which has been accompanied by a long overdue awakening regarding endemic racial injustice. The convergence of these events has accelerated the focus on environmental, social and governance (ESG) issues and stakeholder capitalism as operational and strategic imperatives that are core to corporations’ abilities to compete and succeed. The well-being of employees and other stakeholders, and the ability to engage in more sustainable ways of doing business, are not a nice-to-have luxury or a branding exercise, but rather a basic building block of corporate value. There is an essential nexus between “value” and “values.” [...] For an example of how stakeholder governance could influence board decision-making, Yvan Allaire and Stéphane Rousseau have outlined a framework for corporate governance in a multi-stakeholder context that suggests that directors should (i) be explicit about how the decisions they make relate to the objective of maximizing the corporation’s long-term value, (ii) adopt a rigorous and explicit decision-making process that involves identifying stakeholders and their level of relevance for the decision, (iii) consider the reasonable expectations of all stakeholders, including shareholders and (iv) finally, render fact-based business judgment as to the course of action that would best serve the long-term interests of the corporation.
Human beings are wonderful amnesiacs, an observation grounded in the history of traumatic events that faded gradually into oblivion. It may well be the same with the current pandemic. But more likely not. As the pandemic’s first phase comes to an end, we may experience greater control of citizens’ behaviour, including close monitoring of movements by means of instant communications and government-issued safe-conducts to gain access to any public event. Constitutionally protected freedoms may be infringed by a state/medical bureaucracy determined to protect us at all costs. Such coercive measures will be promoted, and may be accepted, as essential to avoiding a recurrence of some form of pandemic. (By Yvan Allaire and Mihaela Firsirotu.)
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Institut sur la gouvernance (IGOPP)
March 18, 2020 10:16 AM
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Robert Greenhill is executive chairman of Global Canada and former managing director of the World Economic Forum. These are his personal views.
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Institut sur la gouvernance (IGOPP)
February 24, 2020 10:38 AM
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The hiring of Sabia, an anglophone from Ontario who previously ran BCE Inc., signalled a change in the weather, said Michel Magnan, an expert in corporate governance at Montreal’s Concordia University.
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Institut sur la gouvernance (IGOPP)
February 14, 2020 8:42 AM
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Michel Nadeau, executive director at the Institute for Governance of private and public organizations, joins BNN Bloomberg for his reaction to Bombardier exiting the A220 jet partnership and the future of the rail unit.
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Institut sur la gouvernance (IGOPP)
January 30, 2020 8:24 AM
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When Spruce Point Capital Management released a negative report on Canadian Tire Corp. Ltd. in late 2019, it prompted Yvan Allaire, the executive chair of the Institute for Governance of Private and Public Organizations, to fire back in the Financial Post
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Institut sur la gouvernance (IGOPP)
January 13, 2020 10:04 AM
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The consequences of short sellers’ actions can be dramatic. The near collapse of the financial system in 2008 owed a good deal to short-selling
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Institut sur la gouvernance (IGOPP)
January 10, 2020 1:47 PM
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I admit I didn’t understand how serious climate change was until recently, and I even joked about how Canada needs warmer weather. But with every day, the storms, fires, droughts and floods become worse.
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Institut sur la gouvernance (IGOPP)
December 17, 2019 10:41 AM
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The rebukes that we receive from critics like Yvan Allaire force us to maintain high standards in our research, which we release publicly for all market participants to judge. We anticipate such criticism and protect ourselves by ensuring that our analysis is iron-clad.
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On Tuesday morning, Ontario’s COVID-19 science table made it more or less official: the province is in a third wave of COVID-19 infections. This one is driven by so-called variants of concern (VOCs), mutations that are both more infectious and, a growing body of evidence suggests, more deadly than the original.
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Scooped by
Institut sur la gouvernance (IGOPP)
September 14, 2020 1:53 PM
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Pivoting toward a friendly deal that satisfies the Audet family is the only obvious way for Altice and Rogers to win Cogeco, says François Dauphin, CEO of the Montreal Institute for Governance of Private and Public Organizations.
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Institut sur la gouvernance (IGOPP)
September 11, 2020 11:30 AM
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In an era of exotic funds and 'activist' hedge funds, a dual class of shares is beneficial for the whole industrial system of a country
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Institut sur la gouvernance (IGOPP)
September 3, 2020 10:35 AM
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Le groupe québécois Cogeco refuse une offre d'acquisition non sollicitée de 10,3 milliards $ faite par le groupe américain Altice. Entrevue avec Yvan Allaire, de l'Institut sur la gouvernance.
Il n’est pas impossible que l’investissement de Québec reprenne de la valeur, a reconnu Michel Magnan, professeur de comptabilité à l’Université Concordia. Mais il n’y a pas de certitude.
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Institut sur la gouvernance (IGOPP)
April 28, 2020 11:01 AM
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Investment guru Stephen Jarislowsky agrees with my proposal that the United States and Canada should ban all foreign oil imports to protect our domestic market, and fix prices for the benefit of consumers and producers. He considers the OPEC price war and subsequent price collapse to be “a declaration of war” against the North American oil industry and believes a deal with the Americans must be negotiated quickly. “Trump wants to make America great once again and the simplest way of doing that is to save the oil industry by establishing a fixed price and protect the market from everyone else,” said Jarislowsky — the billionaire philanthropist who founded the investment firm Jarislowsky & Fraser — in a telephone interview.
As Canada’s population ages, securities regulators across the country are eyeing rules to address “potential financial exploitation” of clients who may be vulnerable due to “diminished mental capacity.”
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Institut sur la gouvernance (IGOPP)
February 21, 2020 10:17 AM
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On Thursday, Louis Morisset, chief executive of Quebec’s the Autorité des marchés financier, and chair of the Canadian Securities Administrators, an umbrella group for all Canadian securities regulators, said the full ban “was motivated by important investor protection concerns.”
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Institut sur la gouvernance (IGOPP)
February 10, 2020 9:38 AM
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A la fin des années 2000, Bombardier s'est lancé dans le projet du CSeries, un appareil de 100 à 140 passagers, pour élargir sa gamme d'avions régionaux, qui avait fait sa fortune dans les années 1990. "Inévitable" à l'époque, cette décision s'est cependant avérée coûteuse, note Michel Nadeau, directeur à Montréal de l'Institut sur la gouvernance (IGOPP), un centre de recherche réputé.
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Institut sur la gouvernance (IGOPP)
January 20, 2020 9:28 AM
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Michel Nadeau, executive manager at the Institute for Governance, weighs in on Bombardier's struggles. He says that while he believes the company will survive, it will be a much small corporation. He also says that there is a 50% chance that the Montreal-based business will still be in the rail business in the next three-five years.
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Institut sur la gouvernance (IGOPP)
January 10, 2020 2:42 PM
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In response to my Dec. 13 column criticizing short sellers, Ben Axler of Spruce Point Capital (Dec. 17) trots out the worn-out argument that short-sellers only reveal the sordid truths hidden by corporations — that they are a sort of guardian angel of market efficiency, acting as a countervailing force to the fawning, relentlessly positive and often corrupted recommendations of sell-side analysts.
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Institut sur la gouvernance (IGOPP)
December 20, 2019 10:19 AM
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Stephen Jarislowsky, founder and former president of Jarislowsky Fraser Ltd, joins BNN Bloomberg to discuss the future of SNC-Lavalin following a court settlement. Jarislowsky, who once played a key role in governing SNC-Lavalin, discusses how the company might rebuild its reputation.
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