The boardroom Archive

Sep 19, 2017
Canadian investors add to pressure on board diversity
A group of large Canadian institutional investors has joined the growing chorus of shareholders calling for greater diversity on company boards – pressure that is affecting votes and some governance teams’ approach to engagement. Sixteen firms with a combined C$2.1 trillion ($1.7 trillion) in assets under management recently issued a state...
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Aug 31, 2017
Boards said to play greater role in crisis planning
Boards are increasingly driving companies’ crisis planning to deal with potential ethical, financial reporting and cyber-security problems, according to industry professionals. Doing so is both a good governance requirement and a sensible step to mitigate directors’ personal liability risk, Jane Shapiro, senior vice president and national practice leader for corporate and crisis communications at Hill+Knowlton Strategies Canada, told attendees at the Governance ...
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Aug 29, 2017
How boards can promote post-merger integration success
Public and private companies in search of growth and value creation often pursue M&A transactions as a way to achieve greater long-term returns. In 2016, more than 17,000 such transactions were announced worldwide, with a combined value of more than $3.2 trillion. The industry is on track for a comparable year in 2017, indicating that M&A continues to be viewed as a promisi...
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Aug 28, 2017
Canadian directors advise on planning board agendas
Boards need to set their agendas to ensure they address topics including strategy and diversity, a panel of senior industry officials and directors asserted last week. One of the challenges facing boards is using the limited time they have together effectively, Susan Wolburgh Jenah, senior adviser with Aird & Berlis, told attendees at the annual Governance Professionals of Canada (GPC) conference in St John’s, Newfoundland. Strategy and emerging risks a...
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Aug 23, 2017
auditing, strategies
New compliance policies and emerging risks, such as cyber-security, have led to dramatic changes in internal auditing over recent years – and companies need to continue adapting processes to keep up with such developments. Executives and boards should no longer think of auditing as a series of periodic, calendar-driven check-ups and instead recognize its role in creating real-time situational awareness of business risks and operations so that they might spot hidden oppor...
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Aug 10, 2017
Engagement by three coal companies staves off Calpers divestment
Three coal companies have avoided divestment from Calpers by convincing the Californian pension fund they planned to make significant changes to their business models, Corporate Secretary sister publication IR Magazine reports. Calpers this week announced it had divested from 14 thermal coal companies, which mine coal for electricity generation, to meet the requirements of a law passed in 2015 aimed at reducing California’s reliance on carbon....
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Jul 18, 2017
Board appointments increased in 2016, research shows
The number of Fortune 500 board appointments increased in 2016 along with the percentage of board seats that turned over, according to a Heidrick & Struggles report. Although board composition continues to be one of the more fiercely debated governance issues facing public companies, with proponents of diversity and experience both becoming more ...
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Jul 14, 2017
Canadian governance pros to discuss new risk landscape
The increasing and evolving risks facing companies in areas such as human rights, ESG and cyber-security – and the demands they put on boards and their advisers – will be center stage at the Governance Professionals of Canada (GPC) annual conference next month. The question of how companies approach human rights in locations where they operate ‘is a governance issue,’ GPC president Lynn Beauregard tells Corporate Secretary. This may include organiza...
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