Tag Archives: proxy season

Two sides of the same story

Board engagement with a few dozen significant shareholders might seem a world apart from communicating with thousands more through the annual proxy. But as Richard DeWolfe, chairman of Manulife Financial Corp., explains in this exclusive interview, they can be directly linked. At one level, feedback the board gets through engagement can influence specific proxy items ranging from compensation to ESG. More broadly, each effort holds a critical place on the continuum of effective shareholder communications
December 13th, 2017

Listed To what extent is Manulife’s shareholder engagement focused on proxy season? Richard DeWolfe A year ago it was a very significant effort on our part because one of the issues that we were dealing with was a vote on … Continue reading

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Cover all the bases

It’s no secret: making sure your company’s proxy season goes smoothly takes equal parts homework and legwork. Here’s our review of the major issues expected to dominate the action in the months ahead
By Paul
December 13th, 2017

What’s in store for the 2018 proxy season? We asked some of Canada’s leading proxy experts and governance advisers for their help. Below, they identify the issues that are expected to make headlines and to keep board committees up at night. … Continue reading

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Locking up the vote

Special Report: Compensation, composition, communications ... with the 2017 proxy season looming for most issuers, it’s time to get a handle on the trends and tactics that will win the day for one side or the other
By Diane Peters
December 16th, 2016

On the eve of a special shareholders’ meeting last May by Taseko Mines Ltd. (TSX:TKO), activist shareholder Raging River Capital LP threw in the towel. The firm, created for the sole purpose of lobbying Taseko to replace two directors and … Continue reading

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Proxy season: Pressure on all sides

Navigating the demands and potential landmines set out by activists, shareholders and regulators makes proxy season a challenge. In 2016, along with activism and proxy battles, two other issues—say-on-pay, and board composition and diversity—will tell much of the story
By John Greenwood
December 14th, 2015

When Denison Mines Corp. (TSX:DML) announced plans to acquire Fission Uranium Corp. (TSX:FCU) back in July, all seemed set to go. The boards of both companies approved the transaction, the regulators seemed happy and there was just the matter of … Continue reading

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All quiet? Keep it that way

Say-on-pay support was up this year and proxy advisers had fewer beefs. Rather than be complacent, boards should build on this goodwill by stepping up shareholder communications and engagement
By Ken Hugessen
With Michelle Tan
July 29th, 2015

Anyone reading the headlines during the 2015 proxy season might think recent efforts to reform executive compensation in Canada have suddenly fallen off the rails with this year’s multiple say-on-pay failures. But judging by shareholder votes, we see that the … Continue reading

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Money talks, excessive pay walks

SPECIAL REPORT: PREPARING FOR PROXY SEASON | An effective proxy season strategy takes in many elements. But these days, nothing within the board’s oversight is more critical to the process, and to AGM voting itself, than executive compensation
By John Greenwood
December 17th, 2014

One of the distinguishing traits of a good board of directors is they try to be prepared, so they’re always looking ahead, craning their necks to figure out what’s coming around the next bend. Back in 2010 the board at … Continue reading

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First you plan, then you pivot

Diversity, transparency, advance notice, notice and access, say-on-pay, voting infrastructure—they could be keywords, they’re certainly trending as the latest tools and regulations for issuers to master to keep pace with activists in proxy season
By Paul Brent
December 16th, 2013

Rising shareholder activism in recent years along with new policies and proposals from regulators has transformed the process of preparing for the proxy season from a dry routine to a dynamic, constantly changing exercise. As the calendar turns to 2014 … Continue reading

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Let them see you sweat

Think like an activist...be prepared...know your shareholders...earn their vote...expect the unexpected. These days, when it comes time for proxy season and your annual AGM, a little paranoia goes a long way
By Paul Brent
December 20th, 2012

Proxy season used to be a straightforward, no-drama exercise for Canadian issuers. True, it’s been a while since information and opinions traveled a one-way street from company to shareholder, when issues and director slates were put up for vote and … Continue reading

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’Tis the season to be ready

The start of the 2013 proxy season puts fresh onus on compensation committees to respond aggressively to pay-for-performance linkages and other board-shareholder hot zones
By Ken Hugessen
December 18th, 2012

Over the years, compensation committees have had to contend with and adapt to an ever-expanding shareholder agenda. While the coming year is unlikely to bring major directional change with respect to this agenda, it will bring continued evolution. In addition to … Continue reading

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Pay pressure expected to increase

Canadian executives were largely spared from the 2012 “shareholder spring” backlash. But don’t bet it isn’t coming
By Cooper Langford
September 25th, 2012

On June 5, readers of the Financial Times were treated to an unusual column. Written by Sir Martin Sorrell, CEO of advertising powerhouse WPP plc, a few days before the company’s annual meeting, it amounted to an angry defence of … Continue reading

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Rules of engagement

SPECIAL REPORT: PREPARING FOR PROXY SEASON - It’s never too early to start planning for next proxy season. Use the time to get to know your shareholders and help them get to know you. You’ll be on your way to owning the AGM
By Dana Lacey
September 15th, 2011

Every proxy season, there are a few quintessential stories. A leading contender in the most recent season was the showdown between the board and management of Research In Motion Ltd. (TSX:RIM) and a small institutional shareholder, Northwest & Ethical Investments LP … Continue reading

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