Industry News

Sibold rejects

(March 24, 2005) The outgoing chair of the Alberta Securities Commission says he is suing the National Post. Stephen Sibold says articles on an internal review at the regulator contain “scurrilous and groundless” allegations against him. The stories — written by Post chief business correspondent Theresa Tedesco (who Sibold also plans to sue) — state […]

By Doug Watt |March 24, 2005

2 min read

What is a CEO worth?

(March 24, 2005) In many public companies, maybe yours and definitely ones in your clients’ portfolios, boards are juggling the sticky and increasingly complex question of what management is worth — and how to dole out compensation without those decisions coming back to haunt share prices. On Thursday, Watson Wyatt Worldwide released its fourth annual […]

By Kate McCaffery |March 24, 2005

3 min read

Portus tried to destroy data, investigator says

(March 24, 2005) Portus executives tried to destroy electronic files, says KPMG vice president Robert Castonguay, an expert in forensic technology. KPMG has been given more time by the Ontario Securities Commission to complete its investigation into the hedge fund firm. In a sworn affidavit, Castonguay reveals that KPMG, appointed as receiver in the Portus […]

By Doug Watt |March 24, 2005

2 min read

CAs urged to speak up on governance rules

(March 23, 2005) Canada’s business leaders have a unique opportunity to help set the rules for internal controls and reporting, but they are running out of time to voice their opinions, according to the head of a major accountancy group. “There is a ‘new normal’ making its presence felt across corporate America and we here […]

By Staff |March 23, 2005

3 min read