Corporate Governance Corporate Governance

Shareholders divided on proxy access

A shareholder proposal requesting that the board of directors take steps to adopt a “proxy access” by-law was considered at the annual meetings...

Ontario Courts continue to clarify the scope and power of section 99 of the Environmental Protection Act

In Huang v Fraser Hillary’s Limited, 2017 ONSC 1500, the Ontario Superior Court of Justice confirmed that plaintiffs can rely on section 99 of the...

You’ll just have to settle for less — SEC shortens settlement window to T+2

On March 22, 2017, the U.S. Securities and Exchange Commission amended its rules under the Securities Exchange Act of 1934 to shorten the standard...

New international commercial arbitration regime takes effect in Ontario

On March 22, 2017, a new international commercial arbitration act for Ontario came into force. The International Commercial Arbitration Act, 2017...

Fairness Opinions after InterOil

The Supreme Court of Yukon recently issued its reasons for approving Exxon Mobil’s acquisition of InterOil. Issuers and financial advisors should...

SEC “tags” public companies using IFRS with XBRL reporting requirements

The U.S. Securities and Exchange Commission made a long-awaited update to its requirement for public companies to provide a version of their...

Known unknowns: Ontario Court of Appeal provides guidance on discoverability in potentially contaminated lands cases

The Ontario Court of Appeal released an important decision regarding environmental due diligence in a real estate transaction that provides guidance...

Governance in 3D – Diversity, disclosure and director elections in 2016

Diversity disclosure practices were under the microscope following the first full year of mandated disclosure under securities laws regarding the...

InterOil Decision – Implications for Fairness Opinions, Disclosure and Corporate Governance in Sale Transactions

The Yukon Court of Appeal blocked Exxon Mobil's proposed US$2.3 billion acquisition of InterOil, in a decision with potentially significant...