Cascades Inc. | In-person Annual Shareholder Meetings at Cascades Inc.

Status
AGM passed
AGM date
Proposal number
1
Resolution details
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
Consumer Discretionary
Company HQ country
Canada
Resolved clause
It is proposed that the annual meetings of the Corporation be held in person, with virtual meetings being complementary and not replacing inperson meetings.
Supporting statement
Since in-person annual meetings are the only time of the year when shareholders can meet and interact with members of the board of directors and senior management on company issues, it is of utmost importance that this dialogue is preserved and encouraged due to the benefits it provides. It should be noted that the Canadian Securities Administrators (CSA) have recently revised their guidelines to encourage issuers to hold their annual meetings both virtually and in person1 , and that the Canadian Coalition for Good Governance2 advises against holding these meetings solely virtually, as this format can limit shareholder voice. Additionally, one of the new criteria to be used by the Globe and Mail's Board Games to assess good governance will be to favor hybrid meetings, with no points awarded to companies that hold their meetings solely in person or virtually. As we encourage the increase of in-person employee presence to stimulate exchanges and team spirit, we should recognize the importance of maintaining in-person annual meetings while offering the virtual option. Given that this proposal received a high percentage (35.29%) of votes in its favor in the past, we are submitting it again.

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