Eight more Canadian companies have scheduled annual advisory votes on executive compensation (“Say on Pay” votes) after being approached by institutional investors working together to promote the practice.
SNC-Lavalin is actively engaged in lobbying activity in a number of Canadian and foreign jurisdictions. Over the years, concerns have been raised with the company’s operations in Canada and internationally and the processes through which the company lobbies for lucrative government contracts. The proposal filed by the Fonds de Solidarité (FTQ), represented by the Shareholder Association for Research and Education (SHARE), seeks information about the oversight and extent of SNC-Lavalin’s contributions to political activity.
Gender diversity is a critical attribute of a well functioning board and a measure of sound corporate governance. Constellation Software Inc. does not currently have such a policy. It does not have any women in executive office and only 1 of 10 director candidates proposed for election at the 2018 AGM is a woman. The Fonds de Solidarité FTQ, represented by SHARE, filed a shareholder proposal for consideration at the 2018 AGM of Constellation targeted at improving the company’s approach to gender diversity.
Bombardier Inc. is actively engaged in lobbying activity in a number of Canadian and foreign jurisdictions. This proposal asks the Board to prepare a report, updated annually, disclosing the company’s positions and priorities for policy activity; which external associations the company supports; the company’s oversight and review process for aligning association contributions and memberships with business priorities and shareholder value; and how the company reviews memberships for potential risks to the company’s reputation.
SHARE’s Director of Shareholder Engagement reflects on his trip to Vietnam and Singapore to discuss investor due diligence on human rights and the global push for transparency at special events organized by the Canadian Chambers of Commerce and Canadian Consulates in both countries.
As one of the largest oil producing and refining companies in Canada, Imperial’s reliance on water withdrawals and high volume of wastewater production means the company is exposed to potential physical, regulatory and reputational water-related risks across its business segments. This proposal asks the company to respond to the CDP Water information request.
Imperial Oil Ltd. is actively engaged in lobbying activity in a number of Canadian jurisdictions and, where legal, has made political contributions. Its registered lobbyists in British Columbia, Alberta, and at the federal level are actively lobbying on energy, climate change and environmental policies. This proposal asks Imperial oil for report on on oversight and disclosure of corporate political spending.
SHARE’s analysis on why RBI needs to identify reforms that would benefit Tim Hortons’ franchisees and RBI and put the protection of front-line workers and by extension, the Tim Hortons brand, front and centre.
SHARE’s 2018 Engagement program is targeting Canadian pipeline companies with poor track records of spills or leaks in recent years compared to their peers. Read about recent commitments from Husky Energy to improve their pipeline safety and maintenance practices in response to the 2016 spill along the North Saskatchewan River.