Bank of Montreal | Inclusion of Young People in the Bank’s Governance Bodies at Bank of Montreal

Status
Filed
AGM date
Previous AGM date
Proposal number
2
Resolution details
Company ticker
BMO:CN
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
Be it proposed that the Bank’s Board of Directors develop and publish, by the 2026 Annual Meeting, a plan to increase the representation of young people (aged 35 and under) within its governance bodies.
Supporting statement
Supporting statement This plan will include, in particular: - Measurable targets for youth representation on the Board and its advisory committees; - Concrete mechanisms to identify, recruit, and support candidates; - An annual report on progress achieved and actions taken. In a global environment marked by rapid transformations and complex challenges — whether economic, social or environmental — the ability of financial institutions to anticipate and adapt increasingly depends on the diversity and complementarity of the voices participating in decision-making. Yet young people remain significantly underrepresented across major Canadian corporations, including in the banking sector. This underrepresentation constitutes not only an equity issue but also a strategic weakness. Young individuals, through their proximity to emerging economic, technological, and social realities, bring a nuanced understanding of evolving expectations, particularly in areas such as sustainable finance, digital innovation, and social transformation. Their participation in corporate governance can enrich strategic discussions and help anticipate shifts in behaviors, markets, and risks. Numerous studies demonstrate that diversity within governance bodies enhances not only performance and innovation capacity but also strengthens resilience in times of crisis and improves credibility with stakeholders. By adopting a structured and transparent plan to foster the inclusion of young people in its governance, the Bank would signal its commitment to building a more representative institution, one grounded in contemporary realities and better prepared for the challenges of tomorrow.

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