Daily Archives: May 18, 2017

SPACs: a slow climb toward legitimacy

Special Purpose Acquisition Corporations have struggled to gain solid traction in Canada, but recent successes point to their long-term potential as an alternative to traditional private equity financing
By Robert Olsen
With Andrew Luetchford
May 18th, 2017

One of the poorer acronyms in the corporate finance world is SPACs, or Special Purpose Acquisition Corporations, as they are properly called. SPACs have been around since the early ’90s, but only in their most recent form in Canada since … Continue reading

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Wanna be a talk star?

Know your audience, sure. But first, know thyself
By Listed Staff
May 18th, 2017

The ability to deliver good presentations is a staple in the successful executive’s toolkit. It’s also true that the number of people who can actually make engaging, informative, enlightening and inspiring presentations is, frankly, darn small. So the quickest way … Continue reading

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Board chair evaluation: does the UK know best?

Good governance in Canada typically means separating the chairman and CEO roles. But that’s really just a half measure without also having an airtight process to evaluate the chair’s leadership
By Beverly Behan
May 18th, 2017

Canadian boards take pride in their long-standing practice of separating the roles of chairman and CEO. But British boards go even further—not only appointing independent non-executive chairs but also actively managing their performance. Like Canada, the UK takes a “comply … Continue reading

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Who’s writing your climate narrative?

We hear a lot about climate-related divestment in energy, but investors are paying increasing attention to climate change risk in all sectors. If your disclosure is poor, it leaves you offside and out of the loop
By Mai Nguyen
May 18th, 2017

On Easter Monday, Suncor Energy Inc. quietly released a 15-page report that laid out several plausible climate futures and how it plans to stay “climate resilient” in a low-carbon economy. In a note addressed to shareholders, CEO Steve Williams wrote: … Continue reading

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Second opinions still the exception

Last fall’s Yukon court ruling on fairness opinions for M&A transactions created shockwaves. However, so far the impact on subsequent deals in the rest of Canada has been more subtle than severe
By Poonam Puri
With Patricia Olasker
May 18th, 2017

You’re in the middle of a significant M&A deal, negotiating with a buyer of your Canadian public company. And, just when you thought you had your banker’s success fees under control, out comes a Canadian court decision suggesting that you’d … Continue reading

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