Category Archives: Views

Page 10 of 11« First...7891011

A board’s last, best chance

When serious corporate wrongdoing or transactional conflict surfaces at a company, the board's next course of action is to strike a special committee. Adhering to a few key steps will help ensure its success
By Poonam Puri
October 7th, 2011

When serious wrongdoing within a corporation is suspected, it often falls to the board of directors to identify and address the allegations. It comes up time and time again, from financial statement irregularities and stock option backdating, to insider trading … Continue reading

Posted in Views | Tagged , , ,

Two ways to go south

Lots of smart Canadian companies are investing in South America. But along with the opportunity comes a financing challenge: is it better to raise funds in the host country, or here at home?
By Robert Olsen
October 7th, 2011

Many regions of South America are growing quickly and have enjoyed a tremendous amount of capital infusion from Canadian and other foreign investors over the past five years. In 2010, foreign direct investment into South America was up approximately 56% … Continue reading

Posted in Views | Tagged , , , ,

Boreal deal putting down roots

Last year’s boreal forest peace agreement between foresters and environmentalists was rightly celebrated. But its success still depends on greater inclusion
By Sandra Odendahl
June 25th, 2011

A year ago in May, an unlikely alliance was struck between 21 of the biggest forest products companies in Canada and nine leading environmental organizations, who agreed to work together to protect Canada’s boreal forest and species at risk within … Continue reading

Posted in Views

Will it hold its charge?

Despite decades of interest, investment and innovation, commercial success has been a long time coming for the alternative power sector. Now, even as new financing models fuel demand, small and mid-size producers are being driven out
By Robert Olsen
June 25th, 2011

Instead of talking in this issue about another debt market or some generic, alternative source of capital, I thought I’d switch things up a bit, and look at financing in a specific sector—alternative power, aka green energy. It’s not your … Continue reading

Posted in Views

The pay-for-performance challenge

Boards are ultimately accountable for aligning executive pay with performance. With the right structures and processes in place, it’s an achievable task
By Ken Hugessen
June 25th, 2011

Shareholders are continuing to challenge boards to up their game when it comes to aligning executive pay with performance. It is more often a weak link between pay and performance than high pay alone that attracts shareholder and public criticism … Continue reading

Posted in Views

Keeping boards in the know

Are directors aware of what shareholders think? Sometimes. But too often, they have no clue. Here’s a novel idea: ask the IR department to find out
By Michael Salter
June 25th, 2011

We’re all familiar with shareholder activism—which may lead to the dreaded proxy contest—and the growing shareholder democracy movement. Indeed, the Ontario Securities Commission (OSC) is now studying possible regulatory changes on director nomination (slate voting vs. individual voting for directors), … Continue reading

Posted in Views

Securitization market stirs to life

Mortgage-backed securities, a vital source of corporate borrowing until the credit crunch and market crash, are back. Better deals for corporate borrowers? You might have to wait
By Robert Olsen
March 25th, 2011

Has the thaw finally started? More than three years after its sudden decline and a subsequent near-stall, the Canadian securitization market—the packaging of loans, their resale as interest-bearing securities, and the billions in associated corporate and institutional lending—had a modest … Continue reading

Posted in Views

Taking disclosure gaps seriously

The Canadian Securities Administrators vows to get tough on governance disclosure by Canadian listed companies after a national review found many corporate practices not up to par
By Poonam Puri
March 25th, 2011

Given that governing boards of Canadian public companies have been under increased scrutiny in the wake of financial failure, one would think that their compliance with corporate governance disclosure requirements would be greater than ever. But according to a recent … Continue reading

Posted in Views

Taking back the bonus

More boards are starting to wield greater discretion in determining executive bonuses. Done right, the results are better than with pay-by-numbers formulas
By Ken Hugessen
March 25th, 2011

It’s a common refrain: boards would like a reprieve from packaged pay formulas; to have the latitude to apply more discretion in determining executive bonuses. Increasingly, they’re getting it. As shareholder and regulatory communities continue to focus on improving executive … Continue reading

Posted in Views

Climate change as usual

Enthusiasm for federal carbon trading programs may be at an all-time low. But you’re still doing business on a warmer planet
By Sandra Odendahl
March 25th, 2011

You may have noticed that the conversation around climate change regulation has shifted in recent months. Those who began 2010 betting on a North American-wide carbon cap-and-trade system to help lower greenhouse gases have been bitterly disappointed. A suite of … Continue reading

Posted in Views

How strategic IR planning pays off

We know of Canadian companies with billion-dollar market caps and no strategic investor relations plan. They’re missing out on opportunities to generate additional value
By Michael Salter
March 25th, 2011

Before the start of a new fiscal year, publicly traded companies of every size in every sector go through a familiar budget and planning cycle. Reviewing the multi-year strategic plan and annual operating plan is standard fare. What’s surprising is … Continue reading

Posted in Views

Best face forward

The surest way to engage shareholders? Give everyone time with the CEO. With Web video, it's possible - as long as the C-suite buys in
By Michael Salter
December 25th, 2010

 When it comes to implementing innovative communications, most investor relations officers reflect the inherent conservatism of the C-suite. Why on Earth, then, would an IRO propose that the CEO step in front of hot klieg lights, stare into a teleprompter and … Continue reading

Posted in Views

Debt’s day of reckoning

A mountain of corporate debt will soon require financing. There might not be enough capital to go around. Is your company covered?
By Robert Olsen
December 25th, 2010

Greed is good. That famous Gordon Gekko paraphrase from the original Wall Street now sounds as outdated as the movie itself. Yet some things never change. In the recent sequel, while the fictional 1980’s leverage buyout master says he’s figured … Continue reading

Posted in Views

Sway on pay?

The SEC is acting on concerns that proxy advisory firms like ISS and Glass Lewis hold to much influence in shareholder votes. Canadian issuers should pay close attention
By Ken Hugessen
December 25th, 2010

Last issue, I wrote about say-on-pay’s arrival in Canada, and how voluntary non-binding shareholder votes on executive compensation could fast become a fact of life. Approximately 40 Canadian companies have adopted say-on-pay so far and many more are expected to … Continue reading

Posted in Views

An end to toxic underreporting

The Canadian Securities Administrators has issued guidance on environmental disclosure. Public issuers who do a poor job can now be better held to account
By Sandra Odendahl
December 25th, 2010

Environmental matters that can impact companies’ financial performance generally fall into three categories: (i) affecting a company’s ability to operate; (ii) resulting in unplanned costs or changes to revenue; or (iii) impinging on a firm’s ability to grow. Material environmental … Continue reading

Posted in Views
Page 10 of 11« First...7891011