The Commons industry committee (INDU) has approved a cabinet bill that will mandate federally registered corporations to disclose their ownership structure in an effort to combat money laundering and terrorist financing. Bill C-42, an Act to Amend the Canada Business Corporations Act, would require federally registered companies to make available the names and addresses of…
Bill Requiring Federally Registered Companies to Disclose Ownership Structure Approved by Committee
The Commons industry committee has approved a cabinet bill that will mandate federally registered corporations to disclose their ownership structure in an effort to combat money laundering and terrorist financing. Bill C-42, an Act to Amend the Canada Business Corporations Act, would require federally registered companies to make available the names and addresses of individuals…
Twitter Board Not Representing Shareholders: Elon Musk
Elon Musk said Saturday that the Twitter Inc. board of directors is not representing the interest of its shareholders. “Wow, with Jack departing, the Twitter board collectively owns almost no shares! Objectively, their economic interests are simply not aligned with shareholders,” he replied to a post showing a chart of the ownership percentages of Twitter…
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