Tag Archives: Poonam Puri

Mine safety: could your company be criminally liable?

Mining companies must aim for zero tolerance on worker health and safety violations or face criminal consequences, including corporate probation and jail time for management
By Poonam Puri
March 2nd, 2017

In November 2009, three miners descended nearly half a kilometre below ground to refurbish a mine shaft at Bachelor Lake gold mine in northwestern Quebec. What the miners didn’t know was that water had been filling the recesses of the … Continue reading

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If pills are out, are private placements in?

Canada’s new takeover bid regime got its first serious test with Hecla Mining’s hostile move on Dolly Varden Silver. The regulators’ ruling answered important questions about the limits of a target’s defence
By Poonam Puri
With Patricia Olasker
December 17th, 2016

Consider this: a cash-strapped junior resource company listed on the TSX Venture Exchange is looking for ways to continue its exploration program for the coming year. With only $200,000 in its bank account, a $2-million loan from a significant shareholder … 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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Parents’ subsidiary liabilities hit home

Hudbay, Nevsun, Chevron...multiple Canadian resource companies are now facing suits in Canadian courts for the actions of their offshore subsidiaries. It’s time other firms took steps to address their own risk
By Poonam Puri
With Luis Sarabia
March 6th, 2016

In 2013, a group of indigenous Guatemalan plaintiffs commenced legal proceedings against Canadian mining giant Hudbay Minerals Inc. (TSX:HBM), alleging that security personnel hired by Hudbay’s wholly owned subsidiary in Guatemala perpetrated violent human rights abuses when carrying out security … Continue reading

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Barrick vote symbolic—and then some

The impact of its shareholders’ massive say-on-pay vote rejection of new co-chair John Thornton’s huge bonus deal doesn’t end with Barrick Gold. Boards across Canada will be feeling it, too
By Jim Middlemiss
June 18th, 2013

Every AGM and proxy season has its seminal, defining moment—the shot across the bow that sends a message not to just one board, one set of directors, one company, but to every board and every director in the land. This … Continue reading

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