Laurentian Bank of Canada | Employee Language Proficiency Disclosure at Laurentian Bank of Canada

Status
Filed
AGM date
Previous AGM date
Proposal number
3
Resolution details
Company ticker
LB:CN
Lead filer
Mouvement d'éducation et de défense des actionnaires (MÉDAC)
Resolution ask
Report on or disclose
ESG theme
  • Governance
ESG sub-theme
  • Diversity, equity & inclusion (DEI)
Type of vote
Shareholder proposal
Filer type
Shareholder
Company sector
Financials
Company HQ country
Canada
Resolved clause
It is proposed that the language proficiency of the employees be disclosed, and that the information be
broken down by territories (countries, states, provinces) where the company operates.
Supporting statement
When hiring, companies assess candidate skills, including language skills, to determine if they meet job
requirements. This information is known to all companies, and statistics about this is of general interest.
In recent years, several public controversies about language have tainted the reputation of major
companies with respect to their social responsibility and their interpretation of their duties and obligations
related to the inherent diversity of our societies. Language is at the heart of our democratic institutions and
is a fundamental attribute of the community. Such controversies, harmful in every way, must be avoided. To
this end, and for many other reasons, it is appropriate for all interested parties (stakeholders) to know,
through formal and official disclosure, the languages that the employees of the company are proficient in.
For this purpose, "proficiency" obviously means a knowledge level sufficient for widespread use of the
language in both oral and written forms in all aspects of personal and corporate life and for full and
complete exercise of duties and functions.

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