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La Cour suprême du Canada tranche : les cadres ne pourront se syndiquer au Québec
Le 19 avril dernier, la Cour suprême du Canada a rendu une décision fort attendue en matière de syndicalisation des cadres.
Mondial | Publication | August 12, 2016
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On August 31, 2016 the European Commission published a Delegated Regulation regarding Regulatory Technical Standards on the European Electronic Access Point (EEAP), as required by the Directive amending the Transparency Directive, in the Official Journal.
No material changes have been made to the final draft of the Delegated Regulation published in May 2016. The EEAP is to be a web portal operated by ESMA and it will provide a single point of access at EU level to regulated information (including annual reports and major shareholding notifications) stored by officially appointed mechanisms (OAMs) in each member state.
The Delegated Regulation enters into force on September 20, 2016, but Articles 7 (Unique identifier used by OAMs) and 9 (Common list and classification of regulated information) will only apply from January 1, 2017.
On September 1, 2016 the High Pay Centre published a report by Chris Philp, a Conservative MP and member of the Treasury Select Committee, on controlling executive pay, together with an accompanying press release.
The report discusses the rise of the “ownerless corporation”, noting that fragmented shareholdings and short-term investor horizons mean that some shareholders are not exercising proper oversight of companies they own, that the market does not work if shareholders are not always responsible custodians of their capital, and that shareholder interests and the wider public interest are often not served by executives who over-compensate themselves, do not focus on the long-term or engage in unchallenged strategic initiatives, such as reckless acquisitions.
On the rise of excessive executive pay, the reports states that one symptom of the rise of the ownerless corporation is the rapid rise in total executive pay, with FTSE 100 CEO total pay in the UK now averaging £6 million per year, or 150 times average worker income. This ratio has doubled in 10 years as worker pay has stagnated. The author comments that this level of inequality is socially divisive and public opinion is firmly against it.
The report suggests three main proposals to address these issues:
The High Pay Centre, in its accompanying press release, notes that the report has been endorsed by Lord Myners, the former chair of Marks & Spencer and City minister for the Labour government, and Neil Woodford, a prominent fund manager, but makes clear that the High Pay Centre itself does not necessarily endorse every single element of the report.
On August 31, 2016 the Governance Institute of the Institute of Chartered Secretaries and Administrators (ICSA) issued a press release stating that it has written to the Prime Minister with suggestions as to how she can reform governance at private companies following the collapse of BHS.
The Institute recommends that private companies required under the Companies Act 2006 to have audited accounts and to produce a directors’ report should be required to disclose in their annual report the extent to which they comply with the UK Corporate Governance Code.
Additionally, it recommends that the legal requirement for public companies to have a company secretary should be extended to private companies as well so that they can benefit from the advice of a seasoned governance professional.
(ICSA, ICSA proposes changes to the governance of private companies, 31.08.16)
Publication
Le 19 avril dernier, la Cour suprême du Canada a rendu une décision fort attendue en matière de syndicalisation des cadres.
Publication
Le budget 2024 propose d’élargir la portée de certains pouvoirs permettant à l’ARC de demander des renseignements aux contribuables tout en prévoyant de nouvelles conséquences pour les contribuables contrevenants.
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L'impôt minimum de remplacement (IMR) est un impôt sur le revenu additionnel prévu dans la Loi de l’impôt sur le revenu (Canada) (la « Loi ») auquel sont assujettis les particuliers et certaines fiducies qui pourraient autrement avoir recours à certaines déductions et exemptions et à certains crédits pour réduire leur impôt sur le revenu fédéral canadien régulier.
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