Power Corporation of Canada | Women in management at Power Corporation of Canada

Status
Withdrawn
AGM date
Previous AGM date
Proposal number
2
Resolution details
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
Energy
Company HQ country
Canada
Resolved clause
It is proposed that the Corporation publish annually, in a form it considers suitable, a report on the representation of women in its management, from entry level to top level, reporting directly to the President.
Supporting statement
ARGUMENTS Last year, this proposal attracted a great deal of interest from numerous shareholders. Two companies, Industrial Alliance and Transat Inc., agreed to supplement their disclosure on women in the workplace by indicating the percentage of women holding management positions in their organization, which was a notable achievement. We would like to submit this proposal once again. On the one hand, because we believe that increasing the representation of women at all levels of an organization broadens decision-making through the contribution of the complementary vision of all genders and, on the other hand, because it allows for the development of the mechanisms needed to ensure succession for strategic positions. The publication of such data also allows us to assess the efforts made by leaders to develop a gender-balanced culture where the contribution of women and men is recognized equally. As Peter Drucker said, “What gets measured gets improved,” and it is in this context that we are asking for this disclosure. The presence of women in the workforce has been weakened over the past two years as a result of the pandemic. As a matter of fact, the United Nations has highlighted this in a document on sustainable development goals, one of which deals specifically with gender equality. We quote: “With the spread of the COVID-19 pandemic, even limited progress on gender equality and women’s rights could be undone. COVID-19 is increasing existing inequalities that affect women and girls in all areas, from health to economy, to safety and social protection”. It is therefore important that shareholders be able to monitor this issue closely to ensure that both women and men can achieve their potential at all levels of the organization.

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