Corporate Governance Corporate Governance

Canadian government eliminates facilitation payments exclusion in the Corruption of Foreign Public Officials Act

As of October 31, 2017, facilitation payments will no longer be excluded from the bribery offence under Canada’s Corruption of Foreign Public...

Diversity on boards must change more quickly – Policy Options

Diversity on boards is improving slowly. Now all boards with four or more directors should be mandated to have at least one woman.

TSX issues final rules for corporate governance website disclosure and disclosure of security-based compensation arrangements

The Toronto Stock Exchange (TSX) has issued final amendments to the Company Manual relating to corporate governance website disclosure and disclosure...

Diversity Disclosure Practices: How are TSX-listed companies stacking up?

Institutional shareholders, regulators and legislators are increasingly prioritizing gender diversity in corporate leadership roles in Canada and...

Securities Commission staff raise the bar for conflict transactions

Staff of the securities regulatory authorities in each of Ontario, Québec, Alberta, Manitoba and New Brunswick have indicated that they intend to...

VC and PE firm codes of conduct

Recent events at certain venture capital (VC) firms in Silicon Valley have brought into focus the importance of VC and private equity firms adopting...

Supreme Court clarifies test for personal liability of directors for oppressive conduct

In its decision released today in Wilson v Alharayeri, the Supreme Court of Canada affirmed the test as to when liability may be assigned to...

The Eco Oro decision – OSC invokes broad jurisdiction in effectively neutralizing a private placement

The Ontario Securities Commission recently released its reasons for overturning a decision by the Toronto Stock Exchange conditionally approving a...

Goodbye Ontario solvency funding (in part)!

On May 19, 2017, Ontario announced various changes that are intended to promote the health and sustainability of defined benefit pension plans...

Corporate governance and data issues

The immediate steps you take after a data breach can set the tone for the response and influence how smoothly your organization can move forward from...