Corporate governance refers to the structures and processes by which companies are managed and controlled, and defines the relationship among those who direct and manage companies and those who invest in them.
It encompasses the mechanisms by which companies, and those in control of them, are held to account, and enables investors to monitor managers’ behavior and ensure corporate accountability. Good governance frameworks decrease risk and potentially increase returns because they provide the stability that assists in the development of long-term investment strategies.
Recent corporate governance engagements include: full disclosure of shareholder vote results, advisory votes on executive compensation and majority voting for directors.
Shareholders of Alberta-incorporated companies face regulatory impediments under the Alberta Business Corporations Act (ABCA) making it effectively impossible for shareholders to file resolutions to be voted at company’s annual meeting. This report compares Alberta-incorporated companies on the TSX-Composite Index to their peers and finds Alberta-incorporated companies lag on the issues of gender diversity, corporate governance, and disclosures of information related to climate change.
This case study looks at how companies oversee contributions to think tanks engaged in policy advocacy and what those companies disclose to shareholders.
This case study provides examples of Canadian companies connected to US trade associations and the risks that can arise for companies linked to aggressive lobbying.
In partnership with OPSEU, SHARE hosted 24 participants representing a range of institutional investors, asset managers and issuers to discussed the appropriate governance, management, practice and disclosure of corporate political spending in Canada.