For media inquiries contact Communications Officer Damon van der Linde at [email protected] or 604-695-2039.
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).
18 Asset Management will be joining more than 50 institutional investors from across Canada with combined assets under management of $23 billion who participate in SHARE’s engagement program.
At a meeting held during the organization’s Investor Summit 2020, the SHARE Board of Directors named Mario Tremblay as its new chair. Currently the Fonds de solidarité FTQ’s vice-president for Public and Corporate Affairs, Mr. Tremblay has been a SHARE board member since 2012.
SHARE’s latest research questions liabilities related to Canada’s oil sands tailings reclamation and the potential to impact expenditures, the value of assets, access to capital, and overall financial condition of companies.
SHARE IN THE NEWS
Morningstar – Last week, the Canadian energy sector was dealt another blow when the world’s largest sovereign wealth fund decided to divest from four Canadian oil companies, citing ‘unacceptable greenhouse gas emissions’.
Canadian Investment Review – At a time of uncertainty caused by the coronavirus crisis, active ownership is more important than ever, says Kevin Thomas, chief executive officer of the Shareholder Association for Research and Education.
Morningstar – Pandemic will make it harder for parent company to ignore worker rights proposal this time around.
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.