Laurentian Bank of Canada | Women managers: promotions and advancement at Laurentian Bank of Canada

Status
Withdrawn
AGM date
Previous AGM date
Proposal number
2
Resolution details
Company ticker
LB:CN
Lead filer
Mouvement d'éducation et de défense des actionnaires (MÉDAC)
Resolution ask
Report on or disclose
ESG theme
  • Social
  • Governance
ESG sub-theme
  • Diversity, equity & inclusion (DEI)
Type of vote
Shareholder proposal
Filer type
Shareholder
Company sector
Financials
Company HQ country
Canada
Resolved clause
It is proposed that the bank publish annually, in whatever format it deems appropriate, an annual report on the representation of women in management positions, from first to last hierarchy levels under the Presidential level. 
Supporting statement
The pandemic completely disrupted our economy and workplaces. The crisis particularly affect women, as millions of them have had to quit their jobs, opt for part-time employment or were laid off, depending on the nature of their work or the economic sector in which they are working. Businesses thus find themselves with far fuer women in management positions or in the process of becoming managers. This only accentuated a situation that already existed. Accordign to a study by McKenzie, while women make up 50% of entry-level employees in the organizations surveyed, they only hold 31% of vice-president positions and 14% of CEO positions, as illustrated in the following graphic representation.

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