Les actionnaires exercent de plus en plus de pressions sur les C.A. afin que ceux-ci prennent en compte les risques environnementaux et sociaux. Voici un article publié par E&Y qui fait un excellent résumé de la situation. À lire.
Aujourd’hui, c’est le premier anniversaire du blogue Gouvernance | Jacques Grisé et ce billet est le 365e de l’année, ce qui représente une moyenne d’une publication par jour. Je me propose de tenir le rythme pour les prochaines années.
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« Shareholders are asking boards to mitigate risks tied to evolving regulations, shifting global weather patterns and heightened public awareness of climate change issues. Summary: Proposals from shareholders reveal that investors find their company’s social and environmental policies correlated with its risk management strategy — and ultimately its financial performance. We estimate that half of all shareholder resolutions in 2011 will center on social and environmental issues. »
Is your company prepared? ey.com
In 2011, shareholder proposals are expected to focus on the following issues:
- Social/environmental. Expected to make up the largest portion of proposals this year, these proposals will focus on political contributions and lobbying, human rights and labor practices, sustainability and greenhouse gases, environmental risk and toxic chemicals.
- Board-focused matters. Expected to represent the second-largest category of proposals, these initiatives will center on board composition, independent leadership, majority voting to elect directors and board declassification.
- Strategic and antitakeover-related-issues. Typically these proposals seek to eliminate supermajority vote requirements, and to allow shareholders to call special meetings or act by written consent.
- Executive compensation. As this is the first year for mandatory say-on-pay provisions giving shareholders the right to vote on executive pay, fewer proposals will relate to compensation arrangements.
Gouvernance | Jacques Grisé 