Organizations are increasingly taking steps to make their businesses more sustainable. But it’s equally critical for them to inform stakeholders about how — and how well — they are achieving their sustainability goals. (Includes a primer, “Sustainability Disclosure 101”) [Click on Pic to learn more]
In fiscal 2011, BDC clients accepted a total of $3.3 billion of financing. BDC also authorized $95.3 million in venture capital investments, $150 million in asset-backed securities and started 2,300 consulting mandates. Consolidated net income reached $346.7 million. [Click on Logo to learn more]
From number one, “Keep your eye on the ball: financial reporting and related internal control risk,” to number 10, “Make time to review and discuss the new Report of the NACD Blue Ribbon Commission on The Audit Committee,” the Ten to-do’s point to key issues that every audit committee should have on their radar as they help guide their companies forward in an uncertain economic environment and a new regulatory landscape. [Click on Pic to learn more]
Several financial reporting challenges and trends have emerged during the past few years, including three key qualitative characteristics of useful financial reporting: relevance, understandability, and timeliness. These characteristics have long been recognized as essential qualities in supporting financial, investment, and other economic decision making. [Click on Pic to learn more]
The policy will allow shareholders to voice their opinion on executive compensation starting in 2012. [Click on Logo to learn more]
Revenues for the second quarter of 2011 were US$40.2 million, 3% higher than the US$39.0 million recorded during the same period last year. Two deliveries on U.S. government biodefence contracts during the current quarter contributed to the strong revenue. [Click on Pic to learn more]
Cangene announces that it has received approval from the Canadian securities regulatory authorities to prepare its financial statements in accordance with International Financial Reporting Standards (“IFRS”) for financial reporting periods beginning on or after January 1, 2010, one year ahead of the mandatory conversion date for Canadian public companies. [Click on Logo to learn more]
For the fourth quarter 2010, net income increased to $139.2 million ($0.91 per share on a diluted basis), compared to $98.7 million ($0.65 per share on a diluted basis) for the comparable quarter in 2009. This increase mainly reflects higher contributions from the Infrastructure & Environment, Mining & Metallurgy and Other Industries segments, partially offset by a lower contribution from the Chemicals & Petroleum segment. [Click on Logo to learn more]
“RBC had an exceptional start to the year, earning a record $1.84 billion in the first quarter of 2011. We grew our earnings across our segments demonstrating the strength and diversification of our businesses and the earnings power of this organization,” said Gordon M. Nixon, RBC President and CEO. [Click on Logo to learn more]
“The first quarter was an excellent start to the year for TD, with record adjusted earnings and great growth across our retail businesses on both sides of the border. Total adjusted retail earnings hit another new high of $1.4 billion, up 30% from last year. Wholesale Banking also had a strong quarter,” said Ed Clark, Group President and Chief Executive Officer, TD. [Click on Logo to learn more]
CIBC today reported net income of $799 million for the first quarter ended January 31, 2011, compared with net income of $652 million for the same period last year. Diluted earnings per share (EPS) were $1.92, compared with diluted EPS of $1.58 a year ago. Cash diluted EPS were $1.94(1), compared with cash diluted EPS of $1.60(1) a year ago. Return on equity for the first quarter was 23.3%. [Click on Logo to learn more]
“Maple Leaf Foods delivered strong earnings growth in the fourth quarter, despite a sharp increase in raw material prices” said Michael H. McCain, President and CEO. “These results reflect the benefits of cost reductions and price increases intended to help us keep pace with global food inflation, and some early benefits from the initial execution of our strategic plan. We expect the progress we are making in reducing our cost structure, simplifying our product lines, and streamlining our operations will contribute to earnings throughout 2011.” [Click on Pic to learn more]
