Sep 08, 2023
This update covers the latest trends and our recommendations regarding the evolving landscape of environmental, social and governance (ESG) practices. For 2024, we see each of the “E”, the “S” and the “G” increasing in prominence. With the operationalization of ESG oversight becoming of growing interest, this update also covers key strategies issuers may consider when assigning and executing oversight responsibilities.
Sep 06, 2023
Publicly traded companies in the United States, including foreign private issuers, must adopt and implement an incentive-based executive compensation clawback policy compliant with Rule 10D-1 of the Securities and Exchange Commission by no later than December 1, 2023.
May 19, 2023
Broad-reaching and significant amendments to the Canadian Securities Exchange (CSE) policies took effect April 3, 2023 (the Amendments). In part 1 of this update we discussed the creation of a two-tier CSE by the introduction of a new class of senior issuers known as non-venture issuers (NV Issuers), which will be subject to more stringent continuous disclosure and governance requirements. In this update we discuss highlights of these key changes: Listing process and ongoing listing requirements, Amendments to distribution policy, Security-based compensation arrangements and, SPACs.
May 08, 2023
Amendments to the Canadian Securities Exchange (CSE) policies took effect April 3, 2023 (the Amendments). The Amendments are broad and significant in that they create a two-tier exchange having two categories of listed issuers: non-venture issuers (NV Issuers) and all other listed issuers (collectively, Listed Issuers). A NV Issuer is a Listed Issuer identified by the CSE as an NV Issuer based upon it meeting one of the four eligibility tests set out below. The identification of NV Issuers is at the CSE’s discretion but issuers will be consulted. NV Issuers, as senior issuers, will be subject to more stringent continuous disclosure and governance requirements than other CSE-listed issuers. These include shorter deadlines for filing financial statements, required filing of an annual information form (an AIF), mandatory majority voting for the election of directors and a lower threshold for security holder approval of transactions.
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