Corporate Governance Corporate Governance

SEC finalizes amendments to proxy rules applying to proxy advisory firms

The U.S. Securities and Exchange Commission recently issued final amendments to its proxy rules to regulate certain activities of proxy voting advice...

Alberta to remove Canadian residency requirements for directors: Reducing the burden for foreign-owned corporations

Bill 22, Red Tape Reduction Implementation Act, 2020, which had its first reading in the Alberta Legislature on June 11, 2020, received Royal Assent...

B.C.’s new legislation on benefit companies

As of June 30, 2020, for-profit businesses that are committed to conducting business in a responsible and sustainable way will be able to demonstrate...

The role of the board in responding to a crisis

Sooner or later, every enterprise will face a crisis. When it hits, the ability to side-step disaster depends on the effectiveness of your...

Preparing for the reopening of Canada’s economy: Best practices for resuming operations and managing risk

As governments across Canada announce their frameworks to reopen the economy, and provinces begin to gradually ease emergency restrictions, companies...

Supreme Court of Canada opens door to liability for alleged human rights abuses abroad

On February 28, 2020, a five-justice majority of the Supreme Court of Canada ruled that Canadian corporations can be sued in Canada for breaches of...

New guidance on special committees and going private transactions

The Ontario Securities Commission’s reasons for its decision in Re The Catalyst Capital Group Inc. have important disclosure and procedural...

OECD provides additional detail on Pillar One proposal in update on international tax reform – Seeking consensus-based solution in 2020

On January 31, 2020, the OECD/G20 Inclusive Framework on BEPS released the Statement by the OECD/G20 Inclusive Framework on BEPS on the Two-Pillar...

Dealing with financial distress

Faced with a ‘hopelessly optimistic’ management team, itʼs the boardʼs job to track risk, bolster liquidity and avert disaster