Tausi Insider

The parent company of Tim Hortons has hired an executive known for leading a turnaround at Domino’s Pizza Inc. DPUKY as its new executive chair, and is giving him one of the largest sign-on executive compensation packages in Canadian history. Restaurant Brands International Inc. QSR-T is expected to announce Patrick Doyle as its new executive chair on Wednesday. He will replace co-chairs Alex Behring and Daniel Schwartz, who are co-managing partners of 3G Capital, RBI’s largest shareholder. Both Mr. Behring and Mr. Schwartz will remain on the board. The Toronto-based company, which also owns fast-food chains Burger King, Popeyes Louisiana Kitchen and Firehouse Subs, is making the move as it seeks to boost its stock performance, which its executives believe has lagged the underlying value of the business. While the company’s share price has recovered from a significant dip during the early days of the pandemic, it is hovering around roughly the same price it reached five years ago. “W...

Royal Bank of Canada RY-T says Jacynthe Côté will be appointed as chair of the bank’s board of directors next year. The bank says Côté will take over the role effective upon her re-election as an independent director at RBC’s annual meeting on April 5, 2023. Kathleen Taylor, who has served as chair since 2014, will retire. Côté, an independent director of RBC since 2014, has served on the audit, governance and risk committees, and has been chair of the governance committee since 2018. She is currently chair of HydroQuebec and will complete her term in May 2023. Côté, a former president and chief executive of Rio Tinto Alcan, is also a member of the board at Finning International Inc. and Transcontinental Inc. https://www.tausiinsider.com/jacynthe-cote-to-be-appointed-as-chair-of-rbcs-board-of-directors-next-year/?feed_id=331554&_unique_id=6455b7fa1223e

A person walks by a lit up sign during the COP15 conference in Montreal, on Dec. 7. ANDREJ IVANOV/AFP/Getty Images Canada’s negotiators at the COP15 conference say business groups and financial institutions have a role to play in preserving the planet’s biodiversity. Basile van Havre, co-chair of one of the Montreal conference’s working groups, says the private sector is looking for rules and certainty on the environmental effectiveness of its investments. He says it’s part of a larger push for performance standards that companies and investors can use to measure their activities against. The conference, which is bringing more than 190 nations together, is entering its second day of hard talks on hard targets for saving the world’s biodiversity. What’s on the agenda at the UN’s COP15 nature summit in Montreal? Negotiators hope to reach an agreement on how to protect 30 per cent of Earth’s land and water, as well as a deal on how to pay for that conservation. Van Havre says business g...

A promotion for an appearance via video stream by Sam Bankman-Fried at the New York Times Dealbook Conference in New York on Nov. 30. WINNIE AU /The New York Times News Service FTX’s Sam Bankman-Fried is willing to testify before the U.S. House Committee on Dec. 13, the cryptocurrency exchange’s founder said in a tweet on Friday, as regulators investigate his role in the wake of its collapse. A day earlier House Financial Services Committee Chairwoman Maxine Waters told Reuters that she is prepared to subpoena Bankman-Fried if he does not agree to appear before the panel next week. “I still do not have access to much of my data – professional or personal. So there is a limit to what I will be able to say, and I won’t be as helpful as I’d like,” Bankman-Fried said on Friday. “But as the committee still thinks it would be useful, I am willing to testify on the 13th,” he added. It was not clear if he plans to be at the hearing in person or through a video feed. FTX...

Eileen Dooley is a talent and leadership development specialist, and a leadership coach, based in Calgary. If you’ve been working long enough, you’ve likely encountered a “gatekeeper” leadership persona. The one who doesn’t let anyone in their organization do anything without cumbersome and often painfully slow personal approvals from them. The signs are easy to spot. The leader requires all significant communications with client groups and stakeholders to go through them, or immediately be reported to them with regular status updates or rounds of forwarded e-mails. Individual team members develop a protective attitude of “I’d better ask if this is okay to do” based on past interactions that have landed them in trouble for acting independently. Clients have learned that the group with such leadership is often slow to respond and often seeks to work around the leader in question when floating new assignments. Unfortunately, this is an all-too-common issue for new or insecure leaders, ...

Morgan Stanley has promoted 184 executives to the role of managing directors this year, lower than 199 a year earlier, but list included a record proportion of women, according to a person familiar with the matter. Among the newly promoted executives, 38% of the 2023 managing directors were women, which was a record high and helped boost overall women managing directors to 24% for the Wall Street bank, the person, who asked not to be identified before the formal release of names, told Reuters. Other banks have also been promoting female executive to top ranks. Citigroup Inc in 2021 became the first Wall Street bank to make Jane Fraser its first female chief executive. Citigroup promoted over 100 women to the role of managing director, the highest ever for the bank, according to a memo seen by Reuters last month. Of U.S.-based managing directors being promoted at Morgan Stanley, 5% are Black, 2% are Hispanic and 21% are Asian, the person said. Regionally, 66% of new managing directors...

Toronto-Dominion Bank TD-T is making changes to its top ranks as its head of Canadian business banking retires after nearly five decades. Canadian business banking head Paul Douglas will leave the position at the end of April after about 19 years leading the division. Stepping into the role is head of treasury and enterprise strategy Barbara Hooper. The bank announced the change in an internal memo Wednesday from chief executive officer Bharat Masrani. Following his retirement in April, Mr. Douglas will continue to work with the bank to assist as Ms. Hooper transitions into the role. After 47 years in positions leading business banking, corporate banking, investment banking and risk management, Mr. Douglas is taking on a newly created consulting post as chair of Canadian business banking and will act as a special adviser to the CEO. “He has mentored and developed hundreds of bankers, assembled a fantastic leadership team, and leaves behind a tremendous bench of talent that will cont...

The Manulife Head Office at 200 Bloor St. East, in Toronto. Part of Manulife’s increased focus on preventative care came about in 2021, when its group benefits department saw a spike in the number of claims submitted by young Canadians for mental-health sick leave and diabetes treatments. Fred Lum/the Globe and Mail Manulife Financial Corp. is joining forces with U.S.-owned medical advisory firm Cleveland Clinic Canada in a major step toward expanding the insurer’s role to becoming a provider of preventative health care services for Canadians. Canada’s largest life insurer will announce on Thursday it has appointed Toronto-based Cleveland as the new medical director for its group benefits operations. The clinic will provide Manulife access to Cleveland’s global network of medical experts as well as conduct joint research into preventative health care. “We as an insurer have a real unique opportunity from where we sit to be able to play a more active role in supporting Canadians in th...