The Ontario Court of Appeal’s decision to overturn the Divisional Court’s decision in Nolan v. Superintendent of Financial Services(otherwise known as Kerry)earlier this week resolves…
The Ontario Court of Appeal overturned the Divisional Court’s decision in Nolan v. Superintendent of Financial Services(otherwise known as Kerry)yesterday, says a brief from Osler,…
A committee of the Stanford Institutional Investors’ Forum at Stanford Law School, in cooperation with the Arthur and Toni Rembe Rock Center for Corporate Governance,…
Understanding where people’s responsibilities lie at the highest levels will aid in creating an environment that adheres to a solid governance structure. Reports of underfunded…
Despite 30 years of evolution and growth, there is still room for legislators to let plan sponsors and members work out their differences. The pension…
Canadian plan sponsors would be remiss if they didn’t keep an eye to the U.S. and the developments surrounding pension legislation. Given the scarcity of…
Alberta government lawyers have asked a judge to strike down a lawsuit from the Alberta Society for Pension Reform, which seeks $1.25 billion in damages.…
Remember the pension world’s “perfect storm”? At the time, the storm was seen as being both unpredictable and ending quickly. From a legal point of…
Mitigating the risks of backdating and springloading. Backdating options is, at best, indicative of poor governance and, at worst, illegal. The practice could result in…
Finance Minister Jim Flaherty’s income trust tax announcement on Oct. 31, 2006, was certainly no treat for Canadian citizens and businesses. Earlier last year, Harper…
Comparing principles-based and rules-based corporate governance in Canada and the U.S. Following the collapse of Enron and other accounting fraud and corporate scandals involving firms…
EXECUTIVE COMPENSATION IS AN ISSUE THAT MOVES IN and out of the headlines. And, from time to time, it surfaces in the courtroom. Shareholder activists,…
GOVERNANCE OF A PENSION FUND IS DETERMINED BY those at the top who are entrusted with its oversight, such as the board or the investment…
The impact of pension fund surplus litigation has been well documented. The next big litigation catalysts involving pension plans could be plan expenses and plan…
IN THE MID-1990S, TEACHERS’ BELIEVED THAT THE LOSS OF assets through active management posed substantial risk to the funding position of the plan. Today, we…
For a PDF version of this article, click here. ONE OF THE UNDERLYING PREMISES OF MODERN PORTFOLIO management is that risk is as important as…
© Copyright 2006 Rogers Publishing Ltd. The following article first appeared in the February 2005 edition of BENEFITS CANADA magazine. Sound governance should be a…
WE HAVE WEATHERED THE RECENT CRISIS IN PENSION plan funding after the collapse of equity prices in 2000. But there are challenges ahead. Plans are…
© Copyright 2006 Rogers Publishing Ltd. The following article first appeared in the February 2005 edition of BENEFITS CANADA magazine. Plan sponsors are asset-focused when…
PENSION FIDUCIARIES DON’T TALK MUCH ABOUT THEIR investment beliefs. So one is often left having to infer investment beliefs from investment actions. For example, if…