Power Corporation of Canada | Upgrade role of human resources and compensation committee at Power Corporation of Canada

Status
Withdrawn
AGM date
Previous AGM date
Proposal number
4
Resolution details
Lead filer
Mouvement d'éducation et de défense des actionnaires (MÉDAC)
Resolution ask
Adopt or amend a policy
ESG theme
  • Social
ESG sub-theme
  • Decent work
Type of vote
Shareholder proposal
Filer type
Shareholder
Company sector
Energy
Company HQ country
Canada
Resolved clause
It is proposed that the Board of Directors review the mandate of the Human Resources Committee in order to include more responsibilities with respect to the health and well-being of employees.
Supporting statement
Upon reviewing the work of the Human Resources committee as disclosed in the 2022 Management Information Circular, it is not possible to ascertain how important matters unrelated to compensation are to members of the committee. These matters relate to institutional strategies aimed at promoting employee wellness, safety and mental health, as well as their engagement and comfort level with regard to new work arrangements, skills development in the digital age, the type of organizational culture encouraged by the institution and other aspects that allow shareholders and stakeholders alike to ensure that human resources management is being carried out with a view to address future challenges. We propose that the Board of Directors revise the mandate of this committee so that the latter can play a role in overseeing key strategies with regard to organizational culture, human resources, engagement, health, well-being, equity, diversity and employee inclusion, and can ensure that these strategies and organizational culture incorporate principles related to environmental, social and governance (ESG) factors.

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