Power Corporation of Canada | Disclosure of language fluency of executives at Power Corporation of Canada

Status
AGM passed
AGM date
Previous AGM date
Proposal number
4
Resolution details
Resolution ask
Report on or disclose
ESG theme
  • Governance
ESG sub-theme
  • Shareholder rights
Type of vote
Shareholder proposal
Filer type
Shareholder
Company sector
Energy
Company HQ country
Canada
Resolved clause
Resolved: It is proposed that the language fluency of the executives be disclosed in the proxy circular.
Whereas clause
Whereas: In 2023, we filed a shareholder proposal requesting disclosure of the languages spoken by the directors of approximately 20 public companies. Following discussions, almost all of these companiesÐincluding the 7 major banksÐagreed to disclose the information. This yearÕs new proposal calls for the same information to be disclosed about senior executives, or at the very least the Ònamed executive officersÓ.[1] In recent years, a number of public controversies about language have tainted the reputation of prominent public companies in terms of their social responsibility and their interpretation of their duties and obligations with respect to diversity, an inherent component of our societies. Language is at the heart of our democratic institutions and is a fundamental attribute of the community. The recurrence of such situations, which are harmful from any standpoint, must be prevented. For this reasonÐand for many othersÐit is appropriate for all interested parties (stakeholders) to be informed, through a formal and official disclosure, of the language fluency of the companyÕs executives. Obviously, ÒfluencyÓ is meant to be understood as a level of language sufficient to allow its widespread use in all spheres of activity of individuals and entities; a level of language sufficient to allow each executive to fully assume his or her duties and functions in relation to his or her teams, shareholders and all stakeholders.

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