Ynes

The term “How Chairs Are Different From CEOs” refers to the different roles that these two corporate positions play within a company. While the CEO is responsible for overall strategy and direction, the Chair is responsible for ensuring that the Board of Directors is effective and that shareholders’ interests are represented. While both the CEO … Read more

A normal-course issuer bid (NCIB) is a process whereby a public company may purchase its own outstanding shares in the open market, in order to reduce the number of shares outstanding. The company must obtain approval from its shareholders before conducting an NCIB. NCIBs are typically used when a company’s stock price has fallen sharply, … Read more

A time draft is a demand for payment that is typically used in international trade transactions. The draft includes instructions from the drawer (the party who initiates the draft) to the drawee (the party who is instructed to pay the draft) specifying when the draft is to be paid. Payment may be made on the … Read more