Following the G8 Summit in 2013, a worldwide call for increased transparency in the extractive sector ensued which has been answered with new legislative acts and reporting amendments in Canada, the US and Europe.
- The Extractive Sector Transparency Measures Act (“ESTMA”), enacted on June 1, 2015, is the Canadian government’s commitment to launching consultations with stakeholders to develop a mandatory reporting regime for extractive companies.
- In the US, the Securities and Exchange Commission recently voted to propose rules that would require resource extraction issuers to disclose payments made to the U.S. federal government or foreign governments for the commercial development of oil, natural gas or minerals.
- Furthermore, in the EU, the Transparency Directive created a framework where businesses and governments must disclose revenues from natural resources. This framework will also contribute to the fight against tax fraud and corruption.
Please join us for a complimentary breakfast seminar hosted by Fasken Martineau’s Corporate Social Responsibility Law group and Alexander Shulga, Senior Manager at PricewaterhouseCoopers LLP. Together they will offer a comparative analysis of the transparency measures in place from a Canadian, US and European perspective, and will consider the impact of these measures, as well as the major similarities and differences.
- 7:30 am - 8:00 am | Breakfast and Networking
- 8:00 am - 9:00 am | Seminar Presentation
Continuing Professional Development (CPD) Accreditation
This seminar has been accredited by the Law Society of British Columbia for 1.0 hour of CPD credit.
Register for this event by Friday, June 3, 2016.