New Corporate Governance Website Disclosure Requirements for TSX-Listed Issuers In Effect April 1, 2018

By Stephen Taylor on March 12, 2018 Posted in Other developments

Amendments to the TSX Company Manual (the Manual), which places new website disclosure requirements (Requirements) on TSX-listed issuers, are coming into effect on April 1, 2018 in accordance with the newly adopted section 473 of the Manual. Among other things, the Requirements mandate website publication of any majority voting and advance notice policies that have … Continue reading

No Early Disclosure: Quebec Court of Appeal Confirms Protection for Public Issuer

By Michael Bookman on March 2, 2018 Posted in Other developments

Plaintiff-shareholders in Quebec are not entitled to early document disclosure when seeking leave to bring claims against public issuers for secondary market liability. The Quebec Court of Appeal’s decision in Amaya[1] confirms that the “screening mechanism” under the Quebec Securities Act[2] to root out frivolous claims by plaintiff-shareholders is analogous to the statutory remedies available … Continue reading

Only 61% of issuers address cyber security in their risk factor disclosure. Is your company one of them?

By Danny Urquhart on March 13, 2017 Posted in Legislation, rules and policies, Other developments

Earlier this year, the Canadian Securities Administrators (CSA) released the results of a review of the disclosure of 240 issuers in the S&P/TSX composite index on cyber security issues. The review found that only 61% of issuers addressed cyber security in their risk factor disclosure, 20% of these issuers had identified a person or group … Continue reading