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Scooped by
Institut sur la gouvernance (IGOPP)
January 4, 2018 9:57 AM
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It’s been a year since Quebec Education Minister Sebastian Proulx sent auditors to pour over repair contracts at the English Montreal School Board. The intervention was required at 6000 Fielding
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Scooped by
Institut sur la gouvernance (IGOPP)
December 15, 2017 9:37 AM
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The city of Laval has launched a web page dedicated to the recruitment of people wishing to sit on a committee, a commission or a round table set up by
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Scooped by
Institut sur la gouvernance (IGOPP)
November 22, 2017 9:17 AM
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Current executive compensation practices are making Canadian CEOs rich, but at the expense of a strong corporate culture and the long-term interests of shareholders, according to a new report.
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Scooped by
Institut sur la gouvernance (IGOPP)
November 21, 2017 10:34 AM
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New report slams compensation model for top bosses at publicly traded companies.
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Scooped by
Institut sur la gouvernance (IGOPP)
November 20, 2017 10:16 AM
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It appears that a political vigilante in UPAC has taken it upon themselves to help bring down the government in October’s general election.
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Scooped by
Institut sur la gouvernance (IGOPP)
October 10, 2017 9:55 AM
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As a mayoral candidate for Côte Saint-Luc, Robert Libman is promising to "champion the Cavendish extension," but as a registered lobbyist, he also represents a real estate company with land in the area of the proposed link.
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Scooped by
Institut sur la gouvernance (IGOPP)
September 27, 2017 7:49 AM
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Winston Peters' swingeing attack on Fonterra boss Theo Spierings' $8.3 million pay packet could be the first real salvo in his self-advertised campaign to 'clean up corporate New Zealand'.
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Scooped by
Institut sur la gouvernance (IGOPP)
September 11, 2017 9:33 AM
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Yvan Allaire has a great analysis of Dow Jones' overreaction to Snapchat's IPO and the dual class stock phenomenon in general: In July 2017, Dow Jones, goaded by the reaction to Snapchat having gone public with a class of shares without voting rights, announced that, after extensive consultation, it had decided to henceforth eliminate companies with dual-class shares from its indices, in particular the S&P 500 Index. ... The surging popularity of this type of capital structure has agitated institutional investors and other types of shareholders that pretend, with no legal support, to be the owners of the companies
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Scooped by
Institut sur la gouvernance (IGOPP)
September 6, 2017 11:09 AM
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Avec la publication récente de ses intentions en suite à une vaste consultation, le gouvernement du Royaume-Uni propose une réforme de la gouvernance des sociétés à la fois prudente et audacieuse, comportant un certain nombre de mesures (controversées) sur deux enjeux précis :
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Scooped by
Institut sur la gouvernance (IGOPP)
August 31, 2017 9:48 AM
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The U.K. is stiffening the rules large companies must follow, in an effort to rein in executive pay and bolster the input of ordinary employees in the running of their firms. The changes are expected to nudge Canada in a similar direction.
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Scooped by
Institut sur la gouvernance (IGOPP)
August 18, 2017 9:41 AM
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Corporate America started the year ready to engage with a controversial but business-minded president. This week CEOs have risen in chorus to denounce Trump's lackluster response to racism.
The recent initial public offerings (IPOs) of major players in the Canadian market, including Aritzia in September 2016, Freshii in January 2017 and Canada Goose in March 2017, have sparked debate about the use of dual class share structures and whether regulatory reform is necessary in order to ensure adequate investor protection.
Offer values the Quebec-based lumber, paper and pulp producer at $807-million (U.S.), including $487-million of debt
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Scooped by
Institut sur la gouvernance (IGOPP)
January 3, 2018 9:37 AM
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If they were to live on the average worker’s pay, Canada’s CEOs could stop working at around 11 a.m. on Jan. 2 and take the rest of the year off. That’s because by 10:57 a.m. on the second day of the year, their earnings will have already hit $49,738, the equivalent of the country’s average wage, according to research by the Canadian Centre for Policy Alternatives (CPPA).
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Scooped by
Institut sur la gouvernance (IGOPP)
December 7, 2017 9:51 AM
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Yvan Allaire: Giving shareholders access to the nomination process brings forth significant risk
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Scooped by
Institut sur la gouvernance (IGOPP)
November 21, 2017 10:37 AM
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Photo: Daniel Roland Agence France-Presse The gap between this remuneration and the average salary of workers in the private sector has increased from 62 to 159-fold from 1998 to 2013, reaching now around 140 times.
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Scooped by
Institut sur la gouvernance (IGOPP)
November 21, 2017 10:08 AM
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New report argues a standardized approach is driving CEO compensation higher and hurting long-term business performance
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Scooped by
Institut sur la gouvernance (IGOPP)
November 13, 2017 10:07 AM
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The tyranny of the immediate is sustained by a policy of executive compensation based on indicators encouraging them to short-term performance.
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Scooped by
Institut sur la gouvernance (IGOPP)
October 2, 2017 8:54 AM
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Taxes have a contradictory existence. For much of the time they're a boring reality — there to ensure the garbage is removed, limbs and organs are repaired and civilization is kept from the brink of anarchy. But every four years or so, with the churn of an election campaign, taxes are weaponized. They become either [...]
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Scooped by
Institut sur la gouvernance (IGOPP)
September 15, 2017 10:10 AM
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Mayor Marc Demers took time to convene a news conference, Monday, to remind reporters of his administration’s accomplishments in cleaning up city hall.
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Scooped by
Institut sur la gouvernance (IGOPP)
September 7, 2017 10:06 AM
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In July 2017, Dow Jones, goaded by the reaction to Snapchat having gone public with a class of shares without voting rights, announced that, after extensive consultation, it had decided to henceforth eliminate companies with dual-class shares from its indices, in particular the S&P 500 Index.
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Scooped by
Institut sur la gouvernance (IGOPP)
September 6, 2017 10:03 AM
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The creation of the commission sprang from a recommendation made in a report produced by the Institute for Governance of Private and Public Organizations (IGOPP) on the City of Laval’s management practices. According to Burelle, other municipalities are looking at the example Laval is setting with this new kind of commission to see whether their own management can be improved with a similar policy.
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Scooped by
Institut sur la gouvernance (IGOPP)
August 25, 2017 10:02 AM
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Yvan Allaire: Dow Jones recently decided to eliminate dual-class companies from its indices and entrepreneurs may be the ones with the most to lose
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Scooped by
Institut sur la gouvernance (IGOPP)
August 17, 2017 9:54 AM
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Laval’s parapublic organizations are awaiting the findings of the city’s watchdog Governance Commission (GC), which is about to release a review of its first year in action, GC chair Councilor
Until institutional shareholders get comfortable with calling out boards and CEOs (and let’s hope they do, soon), a few structural fixes could do wonders. For starters, make say-on-pay votes binding. As of early this year, according to the Montreal-based Institute for Governance of Private and Public Organizations, 80% of large Canadian companies have embraced say-on-pay. But such votes are meaningless if boards aren’t required to act on the results—and they often don’t. (A notable exception: Barrick Gold reformed its compensation after failing say-on-pay votes twice in three years.)
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