The Shareholder Association for Research and Education is setting out new guidance for institutional investors on corporate votes regarding sustainability reporting. In its model proxy voting guidelines, the Shareholder Association for Research and Education provides Canadian institutional investors with a set of generic proxy voting rules designed to be easily tailored for individual organizations. “[The […]
The Canada Pension Plan Investment Board is expanding the number of countries in which it will apply its most stringent board gender diversity proxy voting rules. “We have enhanced our gender diversity voting practice by expanding the countries where our 30 per threshold for female representation applies to include South Africa and New Zealand,” said […]
While talk about the importance of improving diversity on corporate boards and in the C-suite has been ongoing for decades, actual action has been too slow. In 2020, there were more chief executive officers named Michael or James than actual women CEOs in the U.S., with just six per cent of the top 500 public […]
Women held 23.4 per cent of the total 4,914 board seats among Canadian companies providing disclosure for 2021 — a steady increase of 2.2 per cent from 2020’s year-end results, according to Osler, Hoskin & Harcourt LLP’s latest diversity report. The report tracked companies subject to the Canada Business Corporations Act that disclosed the number of […]
To push for greater female representation on a corporate board, the Ontario Teachers’ Pension Plan withheld its support for the re-election of a female board director during a shareholder vote. During the annual general meeting of network management software developer Netscout Systems Inc., the pension fund’s proxy refrained from voting on a measure to re-elect […]
Women remain underrepresented in boardrooms of Canadian companies listed on the Toronto Stock Exchange despite the introduction of disclosure requirements intended to boost their numbers, according to a report by the Conference Board of Canada. The report said while there’s some progress in the proportion of women on corporate boards, the pace of change remains slow. “More needs […]
Private equity firms appear to be having a tough time attracting younger talent to their teams and an even tougher time getting that talent to stick around, according to EY’s 2020 global private equity survey report. More than half (60 per cent) of those surveyed by EY said they experience some difficulty in attracting employees […]
Progress increasing women on corporate boards in 2018 has been slow, with women holding 17.9 per cent of all directorships at MSCI ACWI index companies as of Oct. 16, 2018, up incrementally from 17.3 per cent in 2017, according to an MSCI Inc. progress report on women on corporate boards. Among MSCI world index companies, […]
In an effort to increase board diversity, the Canada Pension Plan Investment Board will establish a policy to vote against the chair of the board committee responsible for director nominations at its investee public companies if the board has no women directors. “We believe that companies with gender-diverse boards are more likely to achieve superior […]