Proxy Voting | Management
Proxy advisory firm ISS updated its proxy voting guidelines last fall to introduce a more detailed approach to the recommendations it makes on companies’ equity plans and shareholder proposals for an independent chairman. The changes could create uncertainty for companies during this year’s proxy season.
Proxy Voting | Management
Sovereign Debt | Capital Markets
Governments in Africa issued a record amount of debt in international markets in 2014, taking advantage of strong investor demand and low borrowing costs ahead of the Federal Reserve’s expected rate increases this year.
North America | FDI & Economic Development Update
Knowing their target markets helps northern US states and Canadian provinces compete with the southern US for foreign direct investment.
US & China | Milestones
“This is a major milestone in the US-China relationship, and it shows what’s possible when we work together on an urgent global challenge.”
Shareholder Activism | Management
Shareholder activism—when investors in a company use their equity as a lever to pressure management—is booming and will grow dramatically on both sides of the Atlantic through mid-2016
Canada & China | Capital Markets
Canada and China have agreed to support the increased use of renminbi in trade, commerce and investment between the two countries.
Corporate Tax | Management
Approximately 500 American companies operate in Argentina—but on November 3 that number abruptly decreased by one as the country’s tax authority, the Administración Federal de Ingresos Públicos (AFIP) revoked the company’s registration, accusing P&G of tax and accounting fraud.
FX Supplement 2014 | Overview
Will regulation repair forex’s damaged reputation—and are banks ready for the culture change?
Capital Markets | Mergers & Acquisitions
Global cross-border mergers and acquisitions totaled $1.1 trillion during the first nine months of 2014, more than double the level of the same period a year earlier, according to Thomson Reuters.
Management | Transaction Banking
Alberta Cefis is retiring from Scotiabank after building its global transaction banking business practically from the ground up.
Capital Markets | Q&A
Tim Gee is a partner in the London office and global head of mergers and acquisitions at Baker & McKenzie.
Newsmakers | United States
HP CEO Meg Whitman’s volte-face announcement to split the company in two has drawn a lot of speculation about, and criticism of, the motives behind the decision.
Milestones | Myanmar
After five decades of economic isolation, on October 1, Myanmar took its first big step into the global financial system, granting nine foreign lenders preliminary approval to operate in the country.
Trends | CryptoCurrencies
There are potential benefits that bitcoin or bitcoin-like technology—as opposed to the cryptocurrency itself—could bring to the derivatives marketplace.
MANAGEMENT | TAX PLANNING
When Congress returns following the November elections, the issue of what to do about US companies making foreign acquisitions to relocate overseas and save on taxes will be high on the agenda.
NEWSMAKERS | UNITED STATES
The technology community has warmly welcomed the appointment of Megan Smith as the next chief technology officer of the US.
TRENDS | RENMINBI TRADING
Even though Toronto is the center of Canada’s financial industry, much of the country’s trade with China passes through Vancouver. Groups in both cities have decided to work together to promote Canada as a trading hub for the renminbi.
MANAGEMENT | DERIVATIVES REGULATION
Nonfinancial corporations that hedge risk by using derivatives not traded on exchanges won an important victory in early September, when US bank regulators agreed to exempt such companies from rules that would have required them to post collateral against their positions.
TRENDS | US BANKING