Virtual-only meetings erode shareholder democracy, group warns

BURNABY, B.C. — An initiative led by the B.C. General Employees' Union that includes pension funds, asset managers and socially responsible investors is raising concerns about the use of virtual-only shareholder meetings and an erosion of shareholder democracy .

The 38 signatories to the letter include the California State Teachers’ Retirement System, Desjardins Global Asset Management, the Church of England Pensions Board and Connor, Clark and Lunn Investment Management.It is asking S&P/TSX 60 companies to publicly disclose how they will ensure shareholders' statutory and common law rights are being upheld.

Baby boomers may have had the best financial start of all the generations -- coming of age when salaries kept up with the cost of living and goods and services were affordable -- but that doesn't mean...TORONTO — Canadians are continuing to be laid off as part of a wave of job cuts that began in 2023 as companies assessed their operations after the height of the COVID-19 pandemic passed.

Fed Chair Jerome Powell has an ‘unfriendly’ message for markets: You might not be getting any rate cuts this year

Socially Responsible Desjardins Global Asset Management California State Teachers’ Retirement System

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Award-winning author to host virtual storytelling event at Burnaby libraryJoin renowned Indigenous storyteller Richard Van Camp for reading, discussion and Q+A.
Source: BurnabyNOW_News - 🏆 14. / 77 Read more »

Virtual doctor, virtual waiting room: New tech holds promise of speeding up ER wait timesSamantha Langer is a licensed practical nurse at Twin Oaks Memorial Hospital in Musquodoboit Harbour, Nova Scotia.
Source: CBCAlerts - 🏆 37. / 63 Read more »

Summer Student & Family CounsellorLOCATION: Face-to-face/virtual, Sault Ste. Marie; virtual, North and East communities ANNUALIZED SALARY: $37.
Source: SooToday - 🏆 8. / 85 Read more »

The common-sense case for virtual shareholder meetingsHolding virtual annual general meetings for shareholders means embracing efficiency, equity, and inclusion in shareholder democracy
Source: globebusiness - 🏆 31. / 66 Read more »

You can ride a mini model train in Burnaby starting this monthChoo choo – Burnaby Central Railway will open March 29.
Source: BurnabyNOW_News - 🏆 14. / 77 Read more »

In the line of fire: Armoured vehicle driver testifies at B.C. inquestInquest into deaths of Surrey’s Nona McEwan and Randy Crosson continues in Burnaby
Source: TerraceStandard - 🏆 24. / 68 Read more »