Proxy Voting Reports

2017

SHARE Model Proxy Voting Guidelines 2017
SHARE provides comprehensive model guidelines to help institutional investors expand their own voting guidance, particularly on environmental and social issues. SHARE’s proxy voting guidelines incorporate international conventions and standards including the United Nations Global Compact, the Universal Declaration of Human Rights, the OECD Guidelines for Multinational Enterprises, the ILO Declaration on the Fundamental Principles and Rights at Work, CDP and GRI.
January 2017

SHARE Lignes directrices vote par procuration 2017
SHARE provides comprehensive model guidelines to help institutional investors expand their own voting guidance, particularly on environmental and social issues. SHARE’s proxy voting guidelines incorporate international conventions and standards including the United Nations Global Compact, the Universal Declaration of Human Rights, the OECD Guidelines for Multinational Enterprises, the ILO Declaration on the Fundamental Principles and Rights at Work, CDP and GRI.
January 2017

2016

Voting for Value: Twenty Canadian Proxy Votes that Mattered in 2015 – ENGLISH
This report highlights twenty noteworthy Canadian proxy votes that mattered in 2015.
February 2016

Voting for Value: Twenty Canadian Proxy Votes that Mattered in 2015 – FRENCH
This report highlights twenty noteworthy Canadian proxy votes that mattered in 2015.
February 2016

Proxy Alert: Restaurant Brands International Board Diversity
This proposal asks the Board of Directors of Restaurant Brands International (RBI) to adopt and publish a formal written Board diversity policy by December 2016 and to report to shareholders on the Board’s plan, timelines, process and activities for increasing gender diversity on the Board and amongst senior management.
May 2016

Proxy Alert: BCE Inc. and Compensation
This proposal asks BCE to ensure that at least two of the directors on its compensation committee have not benefitted directly from a compensation model based largely on horizontal metrics.
April 2016

Proxy Alert: Potash Corporation and Western Sahara
Potash Corporation purchases phosphate rock from a Moroccan state-owned enterprise operating in Western Sahara. This proposal asks the company to conduct a human rights assessment for sourcing from Western Sahara.
March 2016

Proxy Alert: Suncor Lobbying Disclosure
A shareholder proposal was filed by the US group SumOfUs at Suncor Energy Inc.requesting the preparation of a report, updated annually, disclosing lobbying expenditures and activities. This is the third political spending resolution filed at Canadian companies this year. The first two, filed by SHARE clients at TransCanada Corporation and Enbridge Inc, resulted in agreements with the companies for greater disclosure of lobbying activities.
April 2016

SHARE Model Proxy Voting Guidelines 2016
SHARE provides comprehensive model guidelines to help institutional investors expand their own voting guidance, particularly on environmental and social issues. SHARE’s proxy voting guidelines incorporate international conventions and standards including the United Nations Global Compact, the Universal Declaration of Human Rights, the OECD Guidelines for Multinational Enterprises, the ILO Declaration on the Fundamental Principles and Rights at Work, CDP and GRI.
January 2016

SHARE Lignes directrices vote par procuration 2016
SHARE provides comprehensive model guidelines to help institutional investors expand their own voting guidance, particularly on environmental and social issues. SHARE’s proxy voting guidelines incorporate international conventions and standards including the United Nations Global Compact, the Universal Declaration of Human Rights, the OECD Guidelines for Multinational Enterprises, the ILO Declaration on the Fundamental Principles and Rights at Work, CDP and GRI.
January 2016

2015

Proxy Vote Survey Report 2014 – ENGLISH
The Proxy Vote Survey report provides pension fund trustees and other investors with unique insights into how their managers and proxy voting service providers manage proxy voting and vote on a set of key proxy issues from the previous year.
February 2015

Proxy Vote Survey Report 2014 – FRENCH
The Proxy Vote Survey report provides pension fund trustees and other investors with unique insights into how their managers and proxy voting service providers manage proxy voting and vote on a set of key proxy issues from the previous year.
February 2015

Proxy Advisory: Shell and BP Aiming For A
The ‘Aiming for A’ investor coalition in the UK has co-filed “supportive but stretching” shareholder resolutions at BP and Royal Dutch Shell.
March 2015

Proxy Advisory: Chevron and Exxon GHG Targets

Shareholders in the United States have engaged both Exxon Mobil and Chevron to urge them to establish greenhouse gas emission (GHG) reduction goals and evolve their business models to demonstrate responsible corporate governance in the face of risks associated with climate change.
May 2015

Proxy Advisory: Marathon Oil and Chesapeake Energy Climate Change
These proposals ask Marathon Oil and Chesapeake to issue reports analyzing how well the companies’ capital spending strategies comply with policy makers’ goals to limit climate change.
March 2015

Proxy Advisory: Corporate Political Spending Proposals
In the United States, at least 113 shareholder proposals have been filed this year asking companies to disclose political spending. The proposals are primarily aimed at disclosure of political campaign spending or disclosure of lobbying expenses, and sometimes both.
March 2015

Proxy Alert: Agrium Inc. and Potash Corporation Western Sahara
Both Potash and Agrium purchase phosphate rock from a Moroccan state-owned enterprise operating in Western Sahara.
April 2015

Proxy Alert: Restaurant Brands International Board Diversity
SHARE is proposing that Restaurant Brands International (“RBI”) shareholders withhold votes for the three directors on the board’s Nominating and Corporate Governance Committee over concerns with the board’s lack of gender diversity and absence of a board diversity policy..
May 2015

2014

Proxy Alert: Banks and Stock Options
A shareholder proposal filed by MEDAC asks the banks to phase out stock options as a form of executive compensation.
March 2014

Proxy Alert: Tim Hortons and Burger King Merger
Environmental, social and governance issues that may be of concern to shareholders in the Tim Hortons/Burger King merger proposal.
November 2014

Proxy Vote Survey Report 2013 – ENGLISH
The Proxy Vote Survey Report provides pension fund trustees and other investors with insights into how their managers and proxy voting service providers manage proxy voting and vote on a set of key proxy issues from the previous year.
February 2014

Proxy Vote Survey Report 2013 – FRENCH
The Proxy Vote Survey Report provides pension fund trustees and other investors with insights into how their managers and proxy voting service providers manage proxy voting and vote on a set of key proxy issues from the previous year.
February 2014

2013

Proxy Survey Report 2012 – ENGLISH
The Proxy Vote Survey Report provides pension fund trustees and other investors with unique insights into how their managers and proxy voting service providers manage proxy voting and vote on a set of key proxy issues from the previous year.
February 2013

Proxy Survey Report 2012 – FRENCH
The Proxy Vote Survey Report provides pension fund trustees and other investors with unique insights into how their managers and proxy voting service providers manage proxy voting and vote on a set of key proxy issues from the previous year.
February 2013

Proxy Alert: Banks and Employee Pensions
A shareholder proposal filed by MEDAC at Canada’s largest banks seeks greater equity in the accrual of employees’ pension entitlements.
March 2013

2012

Proxy Alert: Industrial Alliance and Quebecor Gender Pay Parity
Shareholders at Industrial Alliance Insurance and Financial Services and Quebecor are invited to support a shareholder proposal that each company’s board of directors achieve gender parity within the next decade.
April 2012

Proxy Alert: Stock Option Vesting
MEDAC proposes that the stock options granted to executives have performance conditions for vesting so that they are more likely to reward good performance and less likely to reward tenure and fortunate timing.
February 2012

Proxy Alert: Cenovus Energy and Say on Pay
A proposal filed by Meritas SRI Funds asks that Cenovus Energy Inc. hold its advisory vote on executive compensation annually rather than every three years.
March 2012

Proxy Vote Survey Report 2011 – ENGLISH
The Proxy Vote Survey Report provides pension fund trustees and other investors with insights into how their managers and proxy voting service providers manage proxy voting and vote on a set of key proxy issues from the previous year.
February 2012

Proxy Vote Survey Report 2011 – FRENCH
The Proxy Vote Survey Report provides pension fund trustees and other investors with insights into how their managers and proxy voting service providers manage proxy voting and vote on a set of key proxy issues from the previous year.
February 2012

2011

Proxy Alert: Alimentation Couche-Tarde and Labour Practices
An Alimentation Couche-Tard shareholder asks the company to adopt a policy indicating its respect for freedom of association and collective bargaining.
July 2011

Proxy Alert: Banks and Executive Compensation
Shareholder proposal asks for enhanced disclosure by bank boards of the selection and use of peer compensation data in their executive pay decisions.
January 2011

Proxy Alert: Power Corporation and Dual-Class Shares
MEDAC proposes that Power Corporation of Canada (Power) adopt a suite of governance rules aimed at “ensuring that minority shareholders have a reasonable impact on the corporation’s future and on its good governance.”
January 2011

Proxy Alert: European Goldfields Voting for Directors
Shareholder proposal asks European Goldfields to implement majority voting in uncontested director elections..
January 2011

Proxy Vote Survey Report 2010 – ENGLISH
The Proxy Vote Survey Report provides pension fund trustees and other investors with insights into how their managers and proxy voting service providers manage proxy voting and vote on a set of key proxy issues from the previous year.
February 2011

Proxy Vote Survey Report 2010 – FRENCH
The Proxy Vote Survey Report provides pension fund trustees and other investors with insights into how their managers and proxy voting service providers manage proxy voting and vote on a set of key proxy issues from the previous year.
February 2011

2010

Proxy Vote Survey Report 2009 – ENGLISH
The Proxy Vote Survey Report provides pension fund trustees and other investors with insights into how their managers and proxy voting service providers manage proxy voting and vote on a set of key proxy issues from the previous year.
February 2010

Proxy Vote Survey Report 2009 – FRENCH
The Proxy Vote Survey Report provides pension fund trustees and other investors with insights into how their managers and proxy voting service providers manage proxy voting and vote on a set of key proxy issues from the previous year.
February 2010

Proxy Alert: Desmarais Controlled Companies and Board Interlocks
A shareholder proposal asks the company to limit interlocks and improve independence on boards.
April 2010

Proxy Alert: Magna and Dual Class Shares
This Proxy Alert addresses a proposal from Magna’s management to unwind the company’s dual class share structure.
May 2010

Proxy Alert: Banks and Director Election Reform and Pay Disclosure Enhancements
In the coming weeks, shareholders of CIBC and Royal Bank will be the first to vote MEDAC’s 2010 proposals.
January 2010

Proxy Alert: Methanex Corporation and Say on Pay
Shareholder Proposal asking for an advisory vote on executive compensation.
March 2010

Proxy Voting by Canadian Mutual funds 2006-2009
This report provides an analysis of four years of data on votes cast by 258 mutual funds managed by 21 fund companies in connection with the shareholder meetings of more than 200 Canadian issuers.
March 2010

2009

Proxy Vote Survey Report 2008 – ENGLISH
The Proxy Vote Survey Report provides pension fund trustees and other investors with insights into how their managers and proxy voting service providers manage proxy voting and vote on a set of key proxy issues from the previous year.
February 2009

Proxy Vote Survey Report 2008 – FRENCH
The Proxy Vote Survey Report provides pension fund trustees and other investors with insights into how their managers and proxy voting service providers manage proxy voting and vote on a set of key proxy issues from the previous year.
February 2009

Proxy Alert: Barrick Gold and Human Rights
Shareholders ask that Barrick invite an independent third party to review the company’s community engagement practices and performance against the substance of its Sustainable Development Guidelines.
March 2009

Proxy Alert: Great West Lifeco and Climate Risk Disclosure
A shareholder proposal scheduled for GWL’s May 7 annual meeting asks the company to prepare and disclose a report that assesses the impact of climate change on its business.
April 2009

Proxy Alert: Banks and Board Diversity
Shareholder proposals have been filed at Canada’s major banks, including requests for gender parity on the board, a review of director recruitment policies and independence for the compensation committee.
January 2009

Proxy Voting by Canadian Mutual funds 2006-2008
This report aggregates, tabulates and sorts the voting data of Canada mutual fund voting records by ballot issue in order to present a coherent and meaningful picture of how Canadian mutual funds are exercising voting rights.
March 2009

Proxy Alert: Banks and Say On Pay
Shareholder resolutions ask the boards of Canadian banks and other companies to establish an annual advisory vote on executive compensation.
January 2009

2008

Proxy Vote Survey Report 2007 – ENGLISH
The Proxy Vote Survey Report provides pension fund trustees and other investors with insights into how their managers and proxy voting service providers manage proxy voting and vote on a set of key proxy issues from the previous year.
February 2008

Proxy Vote Survey Report 2007 – FRENCH
The Proxy Vote Survey Report provides pension fund trustees and other investors with insights into how their managers and proxy voting service providers manage proxy voting and vote on a set of key proxy issues from the previous year.
February 2008

Proxy Alert: Exxon and Barring Shareholders from Filing Non-Binding Proposals
Asks Exxon shareholders to vote to amend company by-laws to disallow shareholder proposals.
April 2008

Proxy Alert: Bombardier and Cumulative Voting
Cumulative voting procedure would entitle each shareholder to one vote for every share they hold, multiplied by the number of director nominees.
May 2008

Proxy Alert: Encana and Carbon Risk
Proposal requests that the board of directors produce a report “on an established strategy for incorporating the potential costs of carbon into long-term business planning by October 2008.”
March 2008

Proxy Alert: Barrick Gold and Pascual Lama Mine
Proposal filers express concern about the impact on the local water supply from mining activities.
April 2008

Proxy Alert: Power Corporation and Investment in Burma
This proposal asks that Power Corporation examine and report on its indirect stake in Total, a major oil and gas company with significant operations in Burma.
April 2008

Proxy Voting by Canadian Mutual funds 2006-2007
This report aggregates, tabulates and sorts the voting data of Canada mutual fund voting records by ballot issue in order to present a coherent and meaningful picture of how Canadian mutual funds are exercising voting rights.
March 2008

Proxy Alert: Chevron and Resolutions Related to Human Rights, Operational Risks and Independent Chair
Chevron shareholders to vote on human rights policy, operational risks and policy that Chair be independent of management at May 28 annual meeting.
May 2008

Proxy Alert: Banks and Corporate Governance Issues
Proposals at major banks cover majority voting, disclosure in hedge funds and contributions to employee pension assets..
January 2008

2007

Proxy Vote Survey Report 2006 – ENGLISH
The Proxy Vote Survey Report provides pension fund trustees and other investors with insights into how their managers and proxy voting service providers manage proxy voting and vote on a set of key proxy issues from the previous year.
February 2007

Proxy Vote Survey Report 2006 – FRENCH
The Proxy Vote Survey Report provides pension fund trustees and other investors with insights into how their managers and proxy voting service providers manage proxy voting and vote on a set of key proxy issues from the previous year.
February 2007

Proxy Alert: Banks and Executive Compensation Disclosure
Three proposals from shareholders focus on increased disclosure from banks on compensation consultants, interest in hedge funds and executive remuneration.
February 2007

Proxy Alert: CN Rail and Rail Safety
Shareholder proposals asking the company to demonstrate a link between CEO pay and safety performanceand requesting a safety audit of former BC rail lines.
April 2007

Proxy Alert: TD Executive Compensation and Sustainability Performance
This proposal asks the Bank to provide a report to shareholders on how senior executive pay is linked to environmental, social and governance (ESG) criteria. The proponent argues that these criteria “…have direct and indirect long term impacts on a company[‘s] performance whatever its sector of activity”.
March 2007

Proxy Alert: Walmart and Poor Labour Practices
This Proxy Alert reviews three of the eleven proposals on the company’s proxy ballot at this year’s AGM on June 1st.
May 2007

2006

Proxy Vote Survey Report 2005 – FRENCH
The Proxy Vote Survey Report provides pension fund trustees and other investors with insights into how their managers and proxy voting service providers manage proxy voting and vote on a set of key proxy issues from the previous year.
February 2006

Proxy Vote Survey Report 2005 – ENGLISH
The Proxy Vote Survey Report provides pension fund trustees and other investors with insights into how their managers and proxy voting service providers manage proxy voting and vote on a set of key proxy issues from the previous year.
February 2006

Proxy Alert: Extendicare Pay for Performance
The filers argue that executive compensation plans should be designed to promote the value of the company over the long term, and that a key component of such plans is a close link between compensation and performance.
May 2006

Proxy Alert: Power Financial and Director Elections
Carpenter’s fund files proposal with Power Financial Corporation to elect directors individually and thereby improve accountability to shareholders.
March 2006

Proxy Alert: Alcan and Human Rights at Utkal Project
The company should ensure the consultative process on the Utkal project reaches the indigenous people affected, and that the company is obtaining their informed, uncoerced consent.
April 2006

Proxy Alert: FirstGroup plc and Labour Rights
The proposal asks the company to adopt a workplace human rights policy, and ensure its implementation, enforcement and monitoring.
June 2006

Proxy Alert: Walmart Political Contributions, Majority Voting and Sustainability Reporting
Shareholders have filed six proposals with Wal-Mart this year. The proposals address humane methods of killing poultry, stock options for female and minority employees, executive compensation, elections of directors, the company’s political contributions, and sustainability reports. This proxy alert deals with the last three of these proposals.
May 2006

Proxy Alert: Bombardier and Nortel Human Rights
This proposal asks Bombardier to adopt a human rights policy and produce an independent report on its progress in implementing that policy. The impetus for this request is Bombardier’s contract to provide the railcars for the controversial Qinghai-Tibet Railway project..
May 2006

2005

Proxy Vote Survey Report 2004 – ENGLISH
The Proxy Vote Survey Report provides pension fund trustees and other investors with insights into how their managers and proxy voting service providers manage proxy voting and vote on a set of key proxy issues from the previous year.
February 2005

Proxy Vote Survey Report 2004 – FRENCH
The Proxy Vote Survey Report provides pension fund trustees and other investors with insights into how their managers and proxy voting service providers manage proxy voting and vote on a set of key proxy issues from the previous year.
February 2005

2004

Proxy Vote Survey Report 2002 – FRENCH
The Proxy Vote Survey Report provides pension fund trustees and other investors with insights into how their managers and proxy voting service providers manage proxy voting and vote on a set of key proxy issues from the previous year.
February 2003

Proxy Vote Survey Report 2002 – ENGLISH
The Proxy Vote Survey Report provides pension fund trustees and other investors with insights into how their managers and proxy voting service providers manage proxy voting and vote on a set of key proxy issues from the previous year.
February 2003

2003

Proxy Vote Survey Report 2002 – FRENCH
The Proxy Vote Survey Report provides pension fund trustees and other investors with insights into how their managers and proxy voting service providers manage proxy voting and vote on a set of key proxy issues from the previous year.
February 2003

Proxy Vote Survey Report 2002 – ENGLISH
The Proxy Vote Survey Report provides pension fund trustees and other investors with insights into how their managers and proxy voting service providers manage proxy voting and vote on a set of key proxy issues from the previous year.
February 2003

2002

Proxy Vote Survey Report 2001 – ENGLISH
The Proxy Vote Survey Report provides pension fund trustees and other investors with insights into how their managers and proxy voting service providers manage proxy voting and vote on a set of key proxy issues from the previous year.
February 2002