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    1. BlackBerry Shareholders Approve Lucrative Pay Package for CEO John Chen

      BlackBerry Shareholders Approve Lucrative Pay Package for CEO John Chen

      BlackBerry Ltd. shareholders voted in favour of an executive pay package on Wednesday that could see chief executive officer John Chen earn more than US$400-million over the next five years. At its annual meeting in Waterloo, Ont., BlackBerry investors voted 90.6 per cent in favour of a compensation package that puts Mr. Chen in line for an additional US$90-million, on top of stock awards designed to be worth more than US$300-million granted when the CEO received a five-year contract extension in March. Open this photo in gallery BlackBerry Ltd. chief executive John Chen speaks at the ...

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    2. AutoCanada Launches Strategic Review After Activist Investor’s Request

      AutoCanada Launches Strategic Review After Activist Investor’s Request

      AutoCanada Inc. says its board of directors has appointed a special committee of independent directors to review strategic alternatives following a request by an activist shareholder. The auto dealership group says the special committee will review options to maximize shareholder value. Last week, Clearwater Capital Management wrote to AutoCanada’s board and asked it to explore its options amid concerns about the company’s recent performance....

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    3. BlackBerry CEO John Chen in Line for Huge Pay Package

      BlackBerry CEO John Chen in Line for Huge Pay Package

      When we told you in March of CEO John Chen’s lucrative contract extension at BlackBerry Ltd. − stock awards designed to be worth more than US$300-million − we also knew Mr. Chen was in line for a cash bonus, amount to be named later. Shareholders scouring the company’s proxy statement now know the number: Mr. Chen is in line for a possible US$90-million award, on top of the shares BlackBerry granted him...

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      Mentions: CEO ISS NYSE
    4. Business Risk from Climate Change Now Top of Mind For Canada's Corporate Boards

      Business Risk from Climate Change Now Top of Mind For Canada's Corporate Boards

      "There aren't defined standards on exactly what companies should be measuring and how to measure it and how to report on it," says Andrew MacDougall, a partner at Osler, Hoskin & Harcourt LLP who specializes in corporate governance . "The practices tend to vary between issuers, not only in terms ...

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    5. For Good Governance, Focus Beyond Equity Growth, U.S. Judge Tells Investors

      For Good Governance, Focus Beyond Equity Growth, U.S. Judge Tells Investors

      Globalization has stripped away meaningful connections between corporate management and shareholders, says Delaware Supreme Court Chief Justice Leo E. Strine Jr., putting so much focus on equity growth that other stakeholders lose out. “People forget about the importance of geography,” the outspoken judge told a crowd of institutional investors at the annual meeting of the Canadian Coalition for Good Governance in Toronto Tuesday. “People used to have genuine geographic ties to corporations...

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    6. Interrupting disruption: The changing role of leadership

      Interrupting disruption: The changing role of leadership

      As the term “digital disruption” becomes the mantra and primary concern in many industries, the skills once considered prerequisites for corporate leadership are declining in importance. Leaders have traditionally been expected to execute a singular vision with unflinching determination, directing a top-down workplace composed of individual departments. But that is changing, said Kate Morican, partner of strategic change and transformation for Deloitte Canada.

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    7. Diversity Is Key to Success in Corporate Canada

      Diversity Is Key to Success in Corporate Canada

      I am not sure who coined the term, but I often hear Canada’s leadership teams referred to as “male, pale and stale”. While I consider “stale” a bit harsh, the “male and pale” is hard to deny. A mere 12 per cent of TSX publically listed company directors are women, and visible minorities make up 4.5 per cent of FP500 company directors in Canada...

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    8. Boardroom Innovation All Comes Down to Diversity

      Boardroom Innovation All Comes Down to Diversity

      One measure rarely factored in board performance is innovation. This may be because the question is too big: “How innovative is your board?” is almost impossible to answer in any measurable way. But one function of innovation we can all measure is diversity. And I believe the more we view diversity as a driver of innovation, the better Canada’s boards, companies and economies will perform ...

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    9. How Shareholders are Rewriting the Rules for Public Company Directors

      How Shareholders are Rewriting the Rules for Public Company Directors

      Gone are the days when a board could sequester itself behind closed doors and only encounter shareholders in line for coffee and tiny sandwiches at the annual meeting. The paradigm for shareholder communication has been set up backwards. It has been structured to protect – not engage – directors from shareholders by filtering contact through management ...

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    10. Why Executive Compensation Matters to Investors

      Why Executive Compensation Matters to Investors

      One of the biggest determinants of whether a company will be a profitable investment lies in the strength of its management team. This team is made up of highly talented, driven individuals who steer the organization’s strategies. Because these individuals can have a huge influence on a company’s success, it is important to highlight that improperly compensated executives may have the potential to cost shareholders dearly...

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    11. Hershey CEO Bilbrey to Retire in July, Stay as Non-Executive Chairman

      Hershey CEO Bilbrey to Retire in July, Stay as Non-Executive Chairman

      A A Hershey Co, the chocolate maker that Oreo cookie-maker Mondelez International Inc tried to buy earlier this year, said on Friday that Chief Executive John Bilbrey would retire from his post on July 1. Bilbrey will continue as non-executive chairman of the board following his retirement as president and CEO, Hershey said. The company said it had created a special committee to search for a new chief executive...

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    12. Canada: Proposed Law Would let Shareholders Vote Against Board Nominees

      Canada:  Proposed Law Would let Shareholders Vote Against Board Nominees

      The federal government has introduced new legislation that would fundamentally change the way corporate directors are elected in Canada, giving shareholders the right to vote against unpopular nominees. A bill tabled Wednesday in the House of Commons proposes a new voting system that would allow shareholders to cast a ballot either for or against board members at companies that are publicly traded on a stock exchange...

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    13. Why Your Corporate Strategy May Be Failing - The Globe and Mail

      Why Your Corporate Strategy May Be Failing - The Globe and Mail

      When strategy goes wrong, we often blame it on poor execution, communication or picking the wrong strategy tool. But in extensively studying the subject for his PhD thesis, Steven Cofrancesco, a consultant and adjunct professor at Grand Canyon University in Phoenix, found we’re totally off base. Strategy, he says, most often fails because we don’t understand and properly manage the human emotions involved ...

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    14. Boardroom Diversity isn’t Just How you Look, but How You Think

      Boardroom Diversity isn’t Just How you Look, but How You Think

      A A Susan McArthur is managing partner of GreenSoil Investments and a corporate director. The mandate of the Canadian Board Diversity Council is to improve diversity on corporate boards. Every year, the CBDC circulates a survey to measure the makeup of Canadian board memberships. The data are compiled into an annual report card that highlights statistics on diversity.....

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    15. Former Scotiabank Executive Sherrington Joins HomEquity Board

      Former Scotiabank Executive Sherrington Joins HomEquity Board

      Reverse mortgage lender HomEquity Bank appointed a veteran deal maker to its board of directors on Monday, with former Bank of Nova Scotia executive John Sherrington joining the Toronto-based company. Founded in 1986 in Vancouver, HomEquity Bank has grown to a national company with a federal banking charter and a business focused on allowing homeowners, typically aged 55 or older, to borrow against the value of their residences ...

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    16. Why some shareholders don’t like ‘overboarding’

      Why some shareholders don’t like ‘overboarding’

      A A This is part of a series examining corporate governance issues at Canadian companies. Is Louis Vachon, chief executive officer of National Bank, spending too much time in the boardroom? Some say the answer is yes, and it raises the prospect that Mr. Vachon could see some shareholder unhappiness next year. The issue is called “overboarding,” when corporate directors sit on multiple boards...

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