SHARE is voting against Exxon’s entire board of directors because the oil and gas company is excluding a critical shareholder proposal for greenhouse gas reduction targets even after majority investor support for climate risk assessment
The Montreal Gazette – Although Indigenous peoples have had a visible and growing presence in Canada’s business, political and cultural life, when it comes to Canadians’ investment dollars, Indigenous rights and culture are still too often an afterthought.In its final report, the Truth and Reconciliation Commission called upon all sectors of Canadian society to contribute to reconciliation.
On behalf of our growing group of Canadian institutional investors, SHARE will be attending corporate annual meetings this spring calling on Canada’s top natural gas producers to step up and adopt short- and long-term methane reduction targets, and to report annually on progress towards these targets.
The Globe and Mail – We should be wary of simplistic and unspecific calls to remove a “regulatory burden.” Regulations can certainly create burdens, but they can also remove them.
Shareholders at Imperial Oil Limited and Linamar Corporation will be asked to vote on adopting an annual advisory “Say on Pay” vote on executive compensation at this year’s annual general meetings. According to a new report from SHARE, more than 71% of companies in the TSX Composite Index have now adopted “Say on Pay” votes and 52 of the TSX60 Index companies have adopted the practice. An amendment to the Canada Business Corporations Act (CBCA) proposed in the federal government’s new budget implementation bill, introduced April 8th, would require corporations incorporated under the CBCA to provide an annual Say on Pay vote.
Shareholders of Cenovus Energy Inc. (TSE:CVE) will vote on a proposal requesting that the Canadian oil and gas company sets and publishes targets aligned with the goal of the Paris Agreement.
Shareholders request that the Magna Internation Inc. Board of Directors expand its annual disclosure to shareholders, at reasonable cost and omitting proprietary information, to include key performance indicators (KPIs) on human capital management and human rights due diligence related to the company’s global manufacturing sites and its global supply chain.
Canadian Press – A proposal by the Fonds de Solidarite des Travailleurs du Quebec with SHARE requests Cenovus set medium- and long-term targets for its direct and indirect methane and other GHG emissions from operations.
A group of pension plans and other institutional investors have filed a formal shareholder proposal with Linamar Corporation asking that the company offer an annual “say on pay” shareholder advisory vote on executive compensation.