On February 1, 2023, our Special Situations team successfully obtained an order from the Ontario Superior Court of Justice (Commercial List) requiring that
Unitholder Democracy Prevails in a “Good Hard Look” at Board Decision Making
Canada’s new “modern slavery” legislation: impact on shareholder activism
Government institutions and businesses in Canada must soon comply with new legislation aimed at combatting forced labour and child labour or “modern slavery”. Bill S-211, an Act to enact the Fighting Against Forced Labour and Child Labour in Supply
CSA/IIROC Staff Notice 23-329 – Short Selling in Canada
On December 8, 2022, the Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization of Canada (IIROC) jointly issued Staff Notice 23-329 – Short Selling in Canada (the Notice). The purpose of the Notice
TSX Confirms Voting Agreements May Require Security Holder Approval
On February 27, 2023, the Toronto Stock Exchange (“TSX”) published Staff Notice 2023-0001 – Voting Agreements (the “Staff Notice”), which formalizes the policy on how it has been addressing voting agreements between TSX-listed issuers and their
Proxy Advisors and Shareholders Pay Attention to Cybersecurity; Boards Should Too
Proxy advisors and shareholders are paying an increasing amount of attention to cybersecurity because the stakes are high – a cyberattack can be catastrophic for a company.
A successful cyber attack can target confidential information integral to the competitive edge