Fund manager targets banks, TMX, Sun Life and Nortel
In some cases, it will be only a one-year blip; in others, it could have a more profound effect on bonuses
The new rule forces firms to attach an “all in” number to their executives’ pay packages
Support for a “say on pay” is high among shareholders
It will take time to discern whether the lessons from the credit crunch end up altering executive compensation schemes
New form takes effect Dec. 31
The imposition of board independence requirements improves the link between executive pay and performance in firms that weren’t previously very independent, a new working paper published by the Bank of Canada.“In this paper, I find that the independence requirement imposed on boards of directors by the Sarbanes-Oxley Act of 2002, together with the governance regulations […]
Incentives matter when it comes to shaping both individual and corporate behaviour. Financial services firms — and their regulators — must absorb this truism and do a better job of ensuring they aren’t encouraging recklessness.Ever since the credit crunch took hold, regulators and policymakers have been trying to unpick the root causes of the crisis […]
$100,000 club keeps getting bigger at securities commission
Societal attitudes have hardened, says Home Capital chairman