This quarter, SHARE was at the AGM of Brookfield Asset Management Inc., a global alternative asset manager, inquiring about the company’s management of human and labour rights risks…
Shareholders made their voices heard at Restaurant Brands International’s (RBI) annual general meeting on June 9th as they voted on a proposal requesting the company to adopt a formal board diversity policy.
The debate about executive compensation seems to be defined by exceptions – the exceptionally high pay (compared to average Canadians), the exceptionally high benchmarking against peers, and exceptional Say on Pay votes…
Growing employment precarity and inequality is a grim reality for the workers that are faced with it. It is also a concern for investors. SHARE is working to break the silence around decent work in corporate reporting; to change the narrative from workers as a “cost”, to workers as a “driver of value”; and to identify the right metrics to drive change and measure success.
At a time when knowledge is recognized as an increasingly important driver of success and when income inequality is creating systemic risks in markets, investors need better information from companies on how they are investing in and managing their “most valuable assets” – their workers.
As companies issue new proxy circulars in time for their annual general meetings, SHARE is closely watching to see whether corporate Canada has improved its dubious record on board diversity. Have admonishments from securities regulators and shareholders pushed more companies to adopt board diversity policies and goals? More importantly, will we see more female candidates for board seats at 2016 AGMs?
There are intriguing signs that pension funds are becoming more ambitious and more holistic in their thinking about responsible investment (RI). A few weeks ago the two of us ran a masterclass session on responsible investment for trustees at the British Columbia Pension Forum – the annual event that SHARE has been organizing now for 13 years.
With the recent signing of the Paris Agreement on climate change, Canada has committed to limiting the increase in global average temperatures below 2°C, and to pursue efforts to limit the temperature rise to 1.5°C. The years ahead promise physical, regulatory, financial and reputational risks for companies and investors related to climate change. Successful firms and investors will have to adjust to thinking of the long-term sustainability of their operations and how to transition to a lower carbon economy.