Ottawa, life insurers at odds
Article Abstract:
Concern over Canada's big mutual life insurers' plans to issue rewards for executives helps delay demutualization rules. A number of insurers have been trying hard to obtain the right to issue stock options and free stock to executives and other employees while they distribute billions of dollars worth of shares to policy holders. But Ottawa is reluctant to risk the public relations fallout which may happen if critics see it as an unseemly rush to the trough at the expense of the policy holders who own the companies.
Comment:
Canada: Concern over Canada's big mutual life insurers' plans to issue rewards for executives helps delay demutualization rules
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1998
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Ottawa forced to finalize money-laundering rules
Article Abstract:
The September 11th terrorist attacks forced Canada to expedite a long delayed crackdown of money laundering. Regulations kicking in on November 8th, will require businesses to report any suspicious financial transactions to an agency called the Financial Transactions and Reports Analysis Centre.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 2001
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