Canadian social and environmental resolutions reach 13 this year, up from two in 2002

In 2003, there have been 13 Canadian shareholder proposals on social and environmental issues, up from only two a year earlier.

This is according to information published in “2003 Shareholder Proposals Submitted to Canadian Corporations,” compiled by the Shareholder Association for Research and Education (SHARE). The report is an annual summary of shareholder proposals at Canadian corporations.

“We predicted that the number of resolutions would rise dramatically during the last few years,” said SIO Executive Director Eugene Ellmen. “This is largely a result of the changes two years ago to the Canada Business Corporations Act, which make it easier for investors to have a voice.”

For more information, visit www.share.ca.

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