Cascades Inc. | Corporate Purpose and Commitment at Cascades

Status
4.90% votes in favour
AGM date
Previous AGM date
Proposal number
5
Resolution details
Lead filer
Mouvement d'éducation et de défense des actionnaires (MÉDAC)
Resolution ask
Strengthen board oversight of issue
ESG theme
  • Governance
ESG sub-theme
  • Corporate purpose
Type of vote
Shareholder proposal
Filer type
Shareholder
Company sector
Consumer Discretionary
Company HQ country
Canada
Resolved clause
It is proposed that the Board of Directors and management state Cascades Inc.’s purpose as a corporation and that one of the Board’s committees has in its mandate to ensure the oversight of the deployment of the policies, commitments and initiatives put in place to realize this new strategic vision, especially with regards to health, environment, human resources and stakeholders relations.
Supporting statement
The objective of this proposal is to integrate into Cascades’ decision-making the contribution that the company wishes to bring to key social, societal, environmental and economic issues through the involvement of its stakeholders. Although Cascades’ organizational culture may be instilled with such an orientation, there is no guarantee that it will last once the founders or their successors leave. It is important to state this clearly and that one of the committees of the Board of Directors have the following mission: (1) To prepare and inform the board with regards to the deployment of the policies, commitments and initiatives put in place by Cascades as part of its strategic vision, especially with regards to health, environment and human resources; (2) To communicate with the various stakeholders on the progression towards these objectives and report on these discussions to the board; (3) To review the accountability and non-financial control systems as well as the key results of the non-financial information published by Cascades; (4) To inform shareholders on the various issues raised by its activities.

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