Shareholders Archive

Nov 15, 2022
Shareholder activism in Canada lowest in five years, study finds
Canadian companies saw eight shareholder activist campaigns in Canada during the 2022 proxy season, seven of which were board-related, new research shows. This marks a drop from 19 campaigns in 2021 and a significant fall compared with 2019 when activist activity peaked at 33 campaigns. The decline has been sharp over the past three years and possibly accelerated by the Covid-19 pandemic. This is according to the ...
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Nov 02, 2022
Microsoft faces proposal over climate risks and 401(k) plan
Shareholders in Microsoft are set to vote on a proposal seeking information on managing risks from climate change in the company’s 401(k) plan. The vote will take place at the company’s AGM on December 13, one of the later meetings in the year. The resolution, filed by As You Sow, requests that Microsoft’s board ‘provide a report assessing how the company’s 401(k) retirement funds manage the growing systemic risk to the economy created by investing retirem...
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Sep 07, 2022
Beyond ESG reporting disconnects between issuers and institutional investors
It may not feel like it, but we’re still in the early stages of the evolution of ESG reporting. It took at least half a century to get to a set of generally accepted accounting standards and those, of course, have continued to evolve. We expect the ESG reporting space, moving at capacity-straining speed, to complete its journey faster. Nonetheless, if ESG reporting were a baseball game, we’re probably at the bottom of the third inning. Early-stage big ideas are ...
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Aug 18, 2022
Norway’s NBIM places focus on human capital
‘Companies that invest in their workers and effectively harness the value of their human capital are more likely to be successful over the long term,’ says Norges Bank Investment Management (NBIM) as it launches a new paper setting out its expectations around human capital. ‘Human capital management (HCM) will be a priority in our ownership work goi...
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Aug 16, 2022
More companies delayed earnings in Q2 than at start of pandemic, research finds
A newly launched index tracking off-trend earnings announcements from US companies had a score of 144 for Q2 2022 – higher than the Q1 2020 reading of 133 when companies were ‘grappling with the beginning of the Covid-19 pandemic.’ The Late Earnings Report Index (Leri) from corporate data firm Wall Street Horizon tracks how many earnings date confirmations are later or earlier than their historical norm. A reading over 100 demonstrates more companies are delay...
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Aug 15, 2022
Important ESG factors reviewed by RBC GAM for the 2022 proxy season
The proxy voting season is the time from April to June where many publicly traded companies host their AGMs. This is also the time when shareholders, or their delegated proxy, vote on issues put forth on the company’s ballot. In the case of mutual funds, when investee companies have their AGMs, the asset manager may vote proxies on behalf of the funds’ unitholders. As a result, proxy voting can be an important aspect to consider when choosing an asset manager. T...
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Aug 09, 2022
Making the most of investor engagement
Shareholder engagement should be top of mind for public companies now more than ever before – and getting it right requires careful work by in-house governance and other teams. The heightened need for engagement is due to a combination of factors including the lasting effects of the pandemic and resulting economic issues such as inflation and market volatility, the increased focus on ESG issues, growing numbers of shareholder proposals and renewed efforts by share...
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