Air Canada | Advisory vote on executive compensation at Air Canada

Status
Omitted
AGM date
Previous 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 HQ country
Canada
Resolved clause
It is proposed that the Board of Directors inform shareholders and all stakeholders of the measures it has taken to increase the satisfaction level regarding its compensation policy
Supporting statement
Supporting statements Annually, stakeholders ask to what extent the executive compensation is justified and acceptable, and to what extent does it not lead to social problems within our corporation? For the past several years, academic research has been conducted to determine what impact a CEO has on an organization’s performance? While CEOs and their key associates can undoubtedly have a certain impact on the financial and extra-financial performance of their organizations, they are also responsible for ensuring internal equity and promoting a better distribution of wealth within our corporation. Given the number of shareholders who have expressed their dissatisfaction with the compensation policy, we believe it is important that a significant corrective action be taken with respect to the compensation policy, with a view to greater moderation. This proposal [being Air Canada’s 2025 advisory vote on executive compensation] received the support of 73.71% of the votes in 2024 and 84.14% of the votes in 2025.

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