In the past few weeks, we have seen how COVID-19 poses greater risks to Indigenous Peoples relative to the settler population as a whole. Reconciliation and Indigenous rights continue to be a priority at SHARE as we monitor corporate responses to the crisis.
SHARE issued an open letter to the CEOs of two of Canada’s largest residential property owners: Starlight Investments and Northview REIT. Starlight, one of Canada’s largest landlords will grow further if a proposed deal goes through to acquire Northview. We outline two fundamental areas of concern for responsible investors regarding real estate investment, and ask the company’s to outline their plans.
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.