By Amanda Robinson and Samuel Li on Posted in Corporate Governance,Proxy VotingInstitutional Shareholder Services (ISS) and Glass, Lewis & Co. (Glass Lewis) have both released updates to their Canadian proxy voting recommendation guidelines for the 2018 proxy season. The following summary outlines the significant changes made by ISS (ISS Updates) and Glass Lewis (Glass Lewis Updates) to their respective Canadian proxy advisory guidelines. ISS Definition of… Continue Reading
By Mark Bowman on Posted in Contested Situations,Proxy VotingA recent case in Manitoba has explored certain issues relating to the use of proxies within the context of a limited partnership. The case, 177061 Canada Ltd. et al. v. 5771723 Manitoba Ltd. et al., 2016 MBQB 40, discusses two points of interests relating to proxies in a limited partnership setting (and, by logical extension,… Continue Reading
By Russell Lindzon on Posted in Corporate Governance,Directors & Officers,Elections of Directors,Proxy VotingAs noted in the Globe and Mail’s recent article, “In Canada’s boardrooms, activist investors are striking out” (subscription to the Globe and Mail required), Canadian listed public companies have continued to have success against activist investors. In fact, since January 1, 2015, Canadian listed issuers have a perfect record against “professional” activists in formal proxy contests,… Continue Reading
