Cascades Inc. | Advisory Vote on Executive Compensation at Cascades Inc.

Status
Withdrawn
AGM date
Proposal number
2
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
  • Remuneration or pay
Type of vote
Shareholder proposal
Filer type
Shareholder
Company sector
Consumer Discretionary
Company HQ country
Canada
Resolved clause
It is proposed that the board of directors inform shareholders and all stakeholders of the actions it has taken to enhance the level of satisfaction with its compensation policy.
Supporting statement
Annually, stakeholders raise the question: to what extent are these executive compensations justified and acceptable, and to what extent do they not cause social issues within our society? For several years, academic research has been conducted to determine the impact of a CEO on an organization's performance. While there is no doubt that CEOs and their key collaborators can have a certain impact on the financial and non-financial performance of their organizations, they also have the responsibility to ensure internal equity and promote a better distribution of wealth within our society. Given the number of shareholders who have expressed dissatisfaction with the compensation policy, we believe it is important to provide an update at the next annual meeting on the actions taken to improve the compensation policy. At the last annual meeting, more than 16% of the votes cast by shareholders were against the compensation policy

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