Tag archives: European Union

Shareholder responsibility over auditor tenure

Concerns about the term or length of auditor tenure have returned to relevance following the recent fall of industry giants, providing good reason for Canadian companies to reconsider their audit and governance practices. In 2016, the European Union implemented mandatory rotations of audit firms for public companies, which was similarly considered, though rejected, in the United … Continue reading

Post Brexit effects

On June 23, 2016, Britain voted to leave the European Union. Financial analysts throughout the globe are bracing themselves for the potentially wide ranging ramifications of the Brexit referendum, many calling Brexit one of the most extraordinary financial events in history.  As stated in our last post regarding this subject, Britain’s exit is creating a … Continue reading

European M&A still robust after summer of Greek turmoil

In Sunday’s election, Greece re-elected the left-leaning Syriza party headed by former Prime Minister Alexis Tsipras, who will renew his coalition with the nationalist Independent Greeks. Tsipras claims to support the agreement struck in late July between Greece and its creditors. Some observers doubt the government’s ability to meet its commitments under a bailout that … Continue reading

Increasing focus on M&A alternatives

With increasing cash reserves and a stagnant economy, firms are looking for alternatives to M&A for excess cash, including returning capital to shareholders by way of repurchase, dividend and debt reduction. According to the Thomson Reuters fourth annual Outlook for Investment Banking Services Survey, as valuations continue rising in the Americas, firms are becoming less interested in using … Continue reading

Canada’s approach to the Eurozone crisis

The most recent EU summit took place in late June, leading to an agreement among leaders to create a joint banking supervisory body for the Eurozone and implement a planned bailout fund for struggling banks.  While analysts have applauded these steps as key achievements toward steadying markets in both the short and long term, questions … Continue reading
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