Public companies agree to let shareholders vote on executive compensation.
Both the TSX and TSX Venture have launched an online training portal for issuers and stakeholders.
CIBC, the country’s fifth largest bank, reported Q3 profit of $841 million, up from $591 million for the same period last year. The bank also hiked its quarterly dividend by 4 cents to 4.4% per share and made public its intention to purchase approximately 2% of its outstanding common shares, subject to the approval of […]
Widely held companies without a controlling shareholder should be thinking about defensive strategies in the event of a hostile takeover bid.
Maple Group Acquisition Corporation has officially been renamed TMX Group Limited. The Montreal exchange announced the expiry of the deposit extension period in respect to Maple’s offer today, and approximately 95.4% of the outstanding shares have been deposited under the offer, up from 91% during the finalization of the offer. Read: TMX takeover leaves questions […]
The capital gains exemption is one of the most valuable tax incentives provided to shareholders of private corporations in Canada
Directors at profitable corporations must choose between retaining cash for future growth, retiring outstanding debt, or distributing the excess cash to the owners (shareholders).
The string of recent news concerning faltering global companies—such as Barclays and JPMorgan Chase—indicates a need to change the corporate culture perpetuated by some professional boards, says a new report from the CFA Institute called Visionary Board Leadership: Stewardship for the Long Term. Rather than focusing on short-term goals, says the CFA, publicly traded companies […]
We’re committed to keeping you and your clients up-to-date with global industry news. Every morning, we offer articles from around the web. Here are some selections: Merrill losses hidden from BofA shareholders Shareholders who were asked to approve Bank of America’s 2008 purchase of Merrill Lynch weren’t told about massive losses at the investment firm […]
If you're looking to mitigate the impact of volatility on client portfolios without increasing risk, a covered-call option may offer downside protection if used properly.