Corporate Governance Corporate Governance

Cannabis Act passes in Senate with amendments

After six months of study, Bill C-45, the Cannabis Act, passed third reading in the Senate. The Senate voted to adopt the Bill with a total of 46...

The inclusion imperative: In 2018, building a better board means building a board that looks like Canada

Last October, when Statistics Canada published the results of the 2016 census, we learned that more than one in five Canadians—7.7 million...

Proposed Acquisition of Aecon by CCCI Blocked on National Security Grounds

The Canadian federal government has blocked a proposed takeover of construction firm Aecon Group Inc. by China Communications Construction Company...

CSA concludes real estate issuers should improve disclosure relating to distributions and non-GAAP financial measures

The Canadian Securities Administrators (CSA) have concluded that the quality and completeness of disclosure by real estate reporting issuers relating...

Québec Budget 2018 — QST registration for Non-Resident Suppliers

In the Québec 2018 budget tabled on March 27, changes were announced to An Act respecting the Québec Sales Tax that will require certain businesses...

Poison pills under the new bid regime: lessons & questions flowing from Canada’s largest cannabis M&A deal to date

On March 15, 2018, the OSC and the Financial Consumer Affairs Authority of Saskatchewan issued their reasons for the Aurora-CanniMed decision.

CSA reconsiders disclosure policy for marijuana companies

On February 8, 2018, the Canadian Securities Administrators released a revised “CSA Staff Notice 51-352 Issuers with U.S. Marijuana-Related...

Livent decision and the scope of auditor liability

In a significant decision on December 20, 2017, the Supreme Court of Canada provided important guidance on the scope of responsibility of auditors in...

Using growth targets to supplement growth strategy disclosure

The increase in initial public offering (IPO) activity in 2017 saw an increase in the use of “growth targets” to supplement the company’s...

Investor and regulator interests drive change in corporate governance and executive compensation

New and renewed investor focus on issues of board diversity and proxy access and an increasing interest in climate change disclosure accounted for...