This development could have significant ramifications for other claimants asserting class action claims, including securities class action claims, based on data breaches or other cybersecurity incidents.

Review the full post on the D&O Diary's website.

In his speech, he discusses:

• IESBA: An independent and authoritative standard setter
• Restructuring and revision: The new code of 2018
• The ecode: A valuable tool for users
• Working for the future
• Recognizing the synergy of ethics and ISAs
• Technological revolution
• From global ethical practice to ethical leadership

Review the full speech on the IESBA's website.

At first glance, the new provision appears consistent with the Supreme Court’s reasoning in cases on director liability, but, given a heightened climate for director accountability and recent focus on stakeholder interests in Canada and abroad, it is imperative to review the potential implications of these changes for corporate leaders.

The summary covers:

• From shareholder’s to stakeholder’s primacy?
• CBCA now expressly recognizes stakeholder interests
• Differences between the CBCA and US corporate statutes
• Recommendations

Review Bill C-97 on the Parliament of Canada's website and the summary on Norton Rose Fulbright's website.

Deloitte’s new report “The design of everyday men” investigates men’s experiences with work, family, and masculinity to explore the impact of organizational and cultural expectations on their behavior both within and outside the workplace.

Review the full article on our US firm's website.

Even when leaders make an effort to collect robust feedback, they only access about 25% of its potential value. This is because the process often stops too soon.

Review the full article on HBR's website.

To achieve these goals, sub-Saharan Africa will need financing. One of the ways to access financing is through borrowing. It makes sense for governments to incur debt if done wisely. If debt is used to finance projects that boost productivity and living standards, such as investing in roads, schools, and hospitals—and if governments can recoup enough of the benefits of these investments to repay the incurred debt—then borrowing is worthwhile.

Review the full blog on the IMFBlog's website.

The report highlights that fewer countries have introduced comprehensive tax reform packages in 2019 compared to previous years, with the most comprehensive reforms in the Netherlands. Other significant tax changes implemented were in Lithuania (labor taxes), Australia (personal income taxes), Italy (corporate income tax) and Poland (personal and corporate income taxes).

Other key findings include:

• Corporate tax rate cuts have continued but are less significant than those introduced in 2018. The countries introducing the most significant reductions tend to be those with higher initial tax rates, leading to further convergence in corporate tax rates across countries.
• Efforts to fight corporate tax avoidance have progressed with the adoption of significant reforms in line with the OECD/G20 Base Erosion and Profit Shifting (BEPS) project. The tax challenges arising from the digitalization of the economy continue to create concerns, with some countries adopting unilateral measures while global efforts to achieve a consensus-based multilateral solution continue. 
• Several countries have continued to lower personal income taxes, particularly for low- and middle-income earners and the elderly. Some also have expanded tax incentives to support pension savings and small savers. 
• Once again this year, there were very few changes to property taxes.
• Standard VAT rates continue to stabilize across countries, as observed in the last few years.
• The pace of environmentally-related tax reforms has slowed.

Review the press release and report on the OECD's website.

The guide is intended to help companies to more effectively take the TCFD recommendations from principles to practice, to offer greater insight into the material climate-related financial risks and opportunities they face, equipping investors with reliable, comparable, decision-useful information, and enhancing the resilience and stability of global capital markets to drive sustainable, long-term economic development.

Review the guide on the SASB's website.

Review the full article on the Harvard Business Review's website.

Respondents to the survey believe that specific ESG and sustainability disclosures should be a regulatory requirement for public companies and that securities regulators should either develop ESG disclosure standards or support an independent standards setter (i.e., a single, global standards setter in this field) to develop such standards.

Review the press release and report on the CFA Institute's website.