Tag archives: proxy access

Glass Lewis’ 2018 Canada Policy Guidelines on Proxy Advice

Glass, Lewis & Co., LLC (Glass Lewis), a leading governance and proxy voting firm, has recently released its 2018 Policy Guidelines for Proxy Advice in Canada. The following are three of its key changes from the 2017 Policy Guidelines: Board Gender Diversity In the new year, Glass Lewis will not make voting recommendations solely on the … Continue reading

Proxy access: wrong for Canadian companies, wrong for Canada

By Joe Bricker on November 13, 2017 Posted in Proxy Access, Securities

In our latest memo, members of Norton Rose Fulbright’s Canadian Special Situations team weigh in on proxy access. The memo is written by Walied Soliman and Orestes Pasparakis, Partners and Co-Chairs of our Canadian Special Situations team, and Joe Bricker, Associate. The memo is reproduced below: Recently, two prominent Canadian companies became the first major … Continue reading

Key takeaways from the 2016 proxy season in the US

By Denise Gan (Toronto) on July 28, 2016 Posted in Proxy Battles

The EY Centre for Board Matters (EYC) recently published its annual report setting out key takeaways from 2016’s proxy season in the United States. Canadian issuers should take note of the developments in the US as trends south of the border will impact the proxy landscape in Canada. Investor Communications One of the takeaways from … Continue reading

The State of Proxy Access Reforms

By Reuben Zaramian on March 30, 2016 Posted in Corporate Governance, Proxy Battles

With the rise of shareholder activism led by what some refer to as “constructivists”, “reluctavists” or “suggestivists” (and, yet others, those who commit “extortion”), shareholders have become increasingly distrustful of leaving matters of corporate governance to management and boards. One tool that investors can rely on is exercising rights pursuant to a proxy access by-law, … Continue reading

Glass Lewis’ 2016 Canada Policy Guidelines

By Kristine Spence on December 2, 2015 Posted in Corporate Governance

Last week, Glass Lewis & Co. (Glass Lewis), a top governance analysis and proxy voting firm, released its 2016 proxy season guidelines for Canada and the United States, as well as its guidelines for evaluating shareholder initiatives. Here, we summarize what’s new in Glass Lewis’ 2016 Canada Policy Guidelines (the Guidelines) for the upcoming 2016 … Continue reading

Key takeaways from the first half of 2015

By Guy White on October 14, 2015 Posted in Securities

ISS’ preliminary postseason review for 2015 provides a report on U.S. activism trends in 2015. ISS identifies five key takeaways from the first half of 2015: Proxy access proposals arrived in a big way this season, with almost 120 proposals and average votes in favour of 54.4% (a jump of more than 20 percentage points from … Continue reading

The CCGG makes a push for enhanced proxy access

By Trevor Zeyl on June 2, 2015 Posted in Corporate Governance

The Canadian Coalition for Good Governance (CCGG) recently released its much anticipated policy paper on “proxy access”, a term which refers to shareholders’ conceptual right to nominate directors and have those nominees placed on management’s ballot. The CCGG takes the position that this right, which is supplemental to a shareholders right to elect directors, “is … Continue reading

Hot topic: Proxy access

By Kaitlind de Jong on April 14, 2015 Posted in Corporate Governance

The Canadian Coalition for Good Governance (the “CCGG”) has stated that proxy access is high on their agenda. Proxy access generally refers to the ability of shareholders to nominate their own candidates for the board and have those nominees included in management proxy materials alongside management nominees. The CCGG is in the process of drafting its … Continue reading