The Toronto-Dominion Bank | Inclusion of Young People in the Bank’s Governing Bodies at The Toronto-Dominion Bank

Status
Filed
AGM date
Previous AGM date
Proposal number
2
Resolution details
Resolution ask
Adopt or amend a policy
ESG theme
  • Social
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 bank’s Board of Directors develop and make public, by the 2026 Annual Meeting, a plan to increase the representation of young people (aged 35 and under) within its governing bodies.
Supporting statement
This plan will include, in particular: • Measurable targets for youth representation on the Board and its advisory committees; • Concrete mechanisms for identifying, recruiting and supporting candidates; • An annual report on progress and actions taken. In a global environment marked by rapid changes and complex challenges — whether economic, social, or environmental — the ability of financial institutions to anticipate and adapt depends more than ever on the diversity and complementarity of the voices involved in their decision-making. However, young people remain largely underrepresented in the structures of the country’s major businesses, including in the banking sector. This represents not only an equity issue, but also a strategic weakness. Young people, through their proximity to new economic, technological and societal realities, have a keen understanding of emerging expectations, particularly in terms of sustainable finance, digital innovation and social transformation. Their participation in corporate governance would enrich strategic thinking and enable better anticipation of changes in behavior, markets and risks. Several studies have shown that diversity within governing bodies not only improves the performance and innovation capacity of organisations, but also their resilience to crises and their credibility with interested parties (stakeholders). By adopting a structured and transparent plan to promote the inclusion of young people in its corporate governance, the bank will send a strong signal of its commitment to building an institution that is more representative, more rooted in the reality of the country and better prepared for the challenges of tomorrow.

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