Bombardier Inc. | In-person annual meetings at Bombardier Inc.

Status
AGM passed
AGM date
Proposal number
6
Resolution details
Lead filer
Mouvement d'éducation et de défense des actionnaires (MÉDAC)
Resolution ask
Adopt or amend a policy
ESG theme
  • Governance
ESG sub-theme
  • Shareholder rights
Type of vote
Shareholder proposal
Filer type
Shareholder
Company sector
Industrials
Company HQ country
Canada
Resolved clause
Given the percentage of votes obtained in favour of this proposal at the last annual meeting (15.48%), we are tabling this proposal again to request that the Corporation’s annual meetings be held in person, virtual meetings being in addition to, not in replacement of, in-person meetings.
Supporting statement
Voting shares are divided into two blocks: those held by the family (Class A shares) and those with subordinate voting rights (Class B shares). Each Class A share entitles the holder thereof to 10 votes and each Class B Subordinate Voting Share entitles the holder thereof to one vote. The voting rights associated with the Class B subordinate voting shares represented approximately 41.42% of the voting rights attached to all of the issued and outstanding voting shares of the Corporation. Given the recommendation of the company’s management to vote against our proposal, it is safe to assume that all the votes cast in favour of our proposal came from the subordinate shares. Close to 40% at least of the holders of subordinate shares therefore supported our proposal. At a time when face-to-face exchanges are becoming increasingly rare, and frank, direct communication more and more valuable, we feel that the hybrid formula we have suggested is the most appropriate.

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