Tag Archives: law

When the OSC comes knocking

No company wants one. Few ever expect them. But—as we highlight elsewhere in this issue—the rigour of Ontario Securities Commission investigations is rising. If you find yourself a target, will you know what to do?
By Poonam Puri
With Andrea Burke
August 3rd, 2017

In April, staff of the Ontario Securities Commission commenced headline-grabbing regulatory enforcement proceedings against Home Capital Group Inc. (TSX:HCG) and three of its current and former executives. OSC staff alleged that these parties failed to disclose a material change in … Continue reading

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Insider trading: are your practices onside?

The OSC has introduced new rules on insider trading. Here’s some advice to make sure your company’s internal guidelines for directors, officers and employees are not only up to date—but the best that they can be
By Poonam Puri
With Patricia Olasker
October 11th, 2016

Consider this: a senior officer of a Canadian public company learns that the company has just received a significant, unsolicited bid, suggesting that the company could be in play. He calls his accountant and says: “Buy shares in my company … Continue reading

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Don’t say they didn’t warn you

In the face of stepped up anti-corruption laws in Canada, the U.S. and the UK, companies have no excuse for not proactively managing their corruption risk
By Poonam Puri
With Melanie Shishler
August 1st, 2016

This past March, Canadian health sciences firm Nordion Inc. settled charges under the U.S. Foreign Corrupt Practices Act for lacking sufficient internal controls to detect and prevent bribes paid by a former employee to Russian government officials. Nordion settled with … Continue reading

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15 practices that make perfect

Does your compensation committee need a reset? Test your current regime against the follow checklist of 15 best practices. A high score means a higher chance executive pay is being set where it should
By Richard Leblanc
June 18th, 2013

Executive pay practices are in the news on a regular basis, and the heat is now on compensation committees—who approve and set executive pay—more than ever before. Academic institutions are also keeping up, training our next generation of executives and … Continue reading

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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

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