Ovintiv Inc. announced preliminary vote results at its AGM today showing 56% shareholder approval for a resolution filed by the Pension Plan of the United Church of Canada, supported by the Shareholder Association for Research & Education (SHARE).
Wealth Professional – The COVID-19 crisis has brought multiple industries to their knees, forcing many companies to reconsider their shareholder-first mindset. Businesses that aggressively bought their own shares must now consider new benefactors.
Financial Post – Canadian companies have spent billions in recent years buying back their own shares with little pushback from Parliament Hill, but that could soon change as some of those same firms line up for federal bailouts.
La Presse –Restrictions sanitaires obligent, la haute saison des assemblées annuelles d’actionnaires qui débute s’annonce d’un impact sans précédent sur la gouvernance des entreprises cotées en Bourse.
While boards of directors have not typically held responsibility for workforce issues, it’s now abundantly clear that how frontline workers are treated cannot be an afterthought. It has to be central to how corporate boards think about a company’s success.
SHARE is encouraged by announcements which will hopefully both provide much-needed support for workers and communities that are most affected during these difficult times, and allow the oil and gas sector to accelerate efforts to transition to a low-carbon economy
Ovintiv Inc., a leading oil and gas producer in North America, has not made clear how it plans to reduce its emissions and manage its climate-related risks in an increasingly carbon-constrained environment. Unlike many of its peers, Ovintiv has not disclosed any climate-related targets, resulting in uncertainty for investors about how climate-related risks are being managed.
The Globe and Mail – As we head into proxy season – the time of year when most companies hold their annual general meetings – shareholders at publicly listed corporations will be asked to vote on how the board has decided to compensate its C-suite. This year, those votes will be overshadowed by the COVID-19 public health and economic crisis, and they will be different in two fundamental ways.