By Anita Anand The boards of the Royal Bank and TD have recently allowed shareholder proposals requesting that shareholders who hold a three per cent stake to nominate a director to the board and to include nominees of the proxy voting form. So-called “proxy access” has arrived in Canada. To be clear, those who favour… Read More Shareholder engagement takes a front seat
By Anita Anand and Krupa Kotecha http://www.theglobeandmail.com/report-on-business/rob-commentary/canadas-approach-to-board-diversity-needs-a-rethink/article34386450/ Earlier this month, State Street Global Advisors erected a statue of a little girl directly facing Wall Street’s iconic bull. The so-called “fearless girl” statue is a symbol of State Street’s somewhat timid ultimatum: If the corporations in which it invests do not take measures to improve boardroom… Read More Canada’s approach to board diversity needs a rethink
By: Dr. Gail Henderson, Assistant Professor at Queen’s University Faculty of Law It used to be a popular saying that Canadian banks are boring – in a good way. Boring got the Canadian banking system through the global financial crisis relatively unscathed. But the growing scandal emerging from a CBC ‘Go Public’ story is anything… Read More A Canadian Banking Scandal
On November 1, 2016 the Expert Committee to Consider Financial Advisory and Financial Planning Policy Alternatives submitted their final report and recommendations to Minister of Finance Charles Sousa. As set out in the Letter from the Chair below, the Committee found that reform is required to unite the fragmented regulation of financial services in Ontario,… Read More Expert Committee Report on Financial Advisory and Financial Planning Regulatory Policy Alternatives in Ontario now available.
SPRING TERM ROUNDTABLE ENFORCEMENT OF SECURITIES LAW VIOLATIONS April 26, 2017 11:00 am – 2:00 pm University of Toronto Faculty of Law Jackman Law Building, Room J140 This roundtable will discuss two empirical projects relating to the enforcement of securities law violations. The first project centres on the argument that relative to the United States,… Read More Upcoming Event: Enforcement of Securities Law Violations
By Robert M. Yalden*, Niko Veilleux, Christopher Greenaway – Osler, Hoskin & Harcourt LLP Originally published February 28, 2017 Reacting to concerns expressed for some time in Québec that too many of the province’s flagship companies are being acquired by interests outside the province, on February 21, 2017, the Government of Québec (the Government) released a Plan… Read More Québec government announces strategy to keep head offices in Québec
by Anita Anand and Tegan Valentine Attempting to fulfill his election promises, President Trump has begun to reevaluate post financial crisis rules designed to protect investors. The broad-based Dodd-Frank Wall Street Reform and Consumer Protection Act will be the target of much of Trump’s reforms in this area, which if repealed would undoubtedly leave investors… Read More Rolling back investor protection in the Trump Era