Social Disclosure and Share Value: Empirical Data on (Non-) Disclosure of Information Related to Violence and Lack of Indigenous Consent

JCAP has filed a number of complaints to the Ontario Securities Commission, the British Columbia Securities Commission and the United States Securities and Exchange Commission relating to the failure of Canadian mining companies to disclose information on community conflict, violence and Indigenous consent. An analysis of the cases found four indicia that showed that the information disclosed in the complaints (but not disclosed by the companies) was important material information relating to the health of the company, including a drop in share price; divestment by institutional investors; and shareholder class action law suits against the company.

File Type: cfm
Categories: Securities Regulation and Disclosure of Material Information
Author: Sarah-Grace Ross, Shin Imai