During the fourth quarter of 2010, SHARE corresponded with 33 companies on key ESG issues. Almost seventy percent of our company dialogues were reported as ‘positive’ or ‘on track’ by our shareholder engagement analysts. Our thematic focus this quarter was on executive compensation (say on pay), precarious employment, human rights, toxic chemicals and sustainable forestry.
- Inmet Mining Corporation, Nexen Inc. and Talisman Energy Inc. told SHARE that they will adopt a say on pay vote within the next two years.
- Letters were sent to six resource extraction firms requesting information about human rights issues, specifically: IAMGOLD Corporation, Inmet Mining Corporation, Nexen Inc., Teck Resources Limited, TransCanada Corporation and Yamana Gold Inc.
- A shareholder proposal was filed with Shoppers Drug Mart Corporation on behalf of Meritas Mutual Funds and the BCTF Salary Indemnity Fund to ask the company to report to shareholders on initiatives to reduce or eliminate PVC and phthalates from proprietary products and packaging.
- Shareholder proposals were filed with six companies on behalf of Meritas Mutual Funds to ask Algonquin Power and Utilities Corp., Ballard Power Systems Inc., Kinross Gold Corporation, Research in Motion Inc., Shoppers Drug Mart Corporation and Stantec Inc. to adopt a say on pay vote.
- Meetings were requested with Talisman Energy, Trican Well Service and Imperial Oil to further discuss each company’s efforts to protect water resources during hydraulic fracturing operations.