The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Bill Ackman, CEO of hedge fund Pershing Square, arrives for the annual meeting Canadian Pacific Railway in Calgary, Thursday, May 17, 2012.
Bill Ackman, CEO of hedge fund Pershing Square, arrives for the annual meeting Canadian Pacific Railway in Calgary, Thursday, May 17, 2012.
(Jeff McIntosh/The Canadian Press)

Canada's disclosure rule plans may discourage activist investors

Canada's plans to significantly tighten rules that force disclosure by investors accumulating large stakes in companies are not popular with all shareholders, including the activist investor community that is now suggesting Canada may no longer be a target for shareholders trying to shake up management.