Royal Bank of Canada | ESG skills of directors  at Royal Bank of Canada

Status
Withdrawn
AGM date
Previous AGM date
Resolution details
Company ticker
RY:CN
Lead filer
Mouvement d'éducation et de défense des actionnaires (MÉDAC)
Resolution ask
Strengthen board oversight of issue
ESG theme
  • Governance
ESG sub-theme
  • Other
Type of vote
Shareholder proposal
Filer type
Shareholder
Company sector
Financials
Company HQ country
Canada
Resolved clause
It is proposed that the Bank enhance the skills and competencies matrix of its director nominees by indicating their knowledge and experience in the three ESG fields. 
Supporting statement
All decisions of the board of directors must be informed by ESG factors. It is difficult for shareholders and stakeholders to verify and visualize whether the director nominees have the necessary skills and experience. We base this request on recommendation 15 of the Directors’ E&S Guidebook from the Canadian Coalition for Good Governance. We therefore take the liberty of making the following suggestion: […] the skills matrix below highlights seven (7) key skills for each director, two (2) of which are ESG-related. This matrix is not intended to be an exhaustive list of directors’ skills. 

DISCLAIMER: By including a shareholder resolution or management proposal in this database, neither the PRI nor the sponsor of the resolution or proposal is seeking authority to act as proxy for any shareholder; shareholders should vote their proxies in accordance with their own policies and requirements.

Any voting recommendations set forth in the descriptions of the resolutions and management proposals included in this database are made by the sponsors of those resolutions and proposals, and do not represent the views of the PRI.

Information on the shareholder resolutions, management proposals and votes in this database have been obtained from sources that are believed to be reliable, but the PRI does not represent that it is accurate, complete, or up-to-date, including information relating to resolutions and management proposals, other signatories’ vote pre-declarations (including voting rationales), or the current status of a resolution or proposal. You should consult companies’ proxy statements for complete information on all matters to be voted on at a meeting.