ALIMENTATION COUCHE-TARD INC. | Increase formal employee representation in Strategic Decision-making at ALIMENTATION COUCHE-TARD INC.

Status
1.66% votes in favour
AGM date
Previous AGM date
Proposal number
2
Resolution details
Company ticker
ATD.B
Resolution ask
Adopt or amend a policy
ESG theme
  • Governance
ESG sub-theme
  • Decent work
Type of vote
Shareholder proposal
Filer type
Shareholder
Company sector
Consumer Staples
Company HQ country
Canada
Resolved clause
It is proposed that the Board of Directors assess means to increase employee participation in the Board’s decision-making. It is suggested that the finding of this reflection be reported at the next annual meeting in 2023.
Supporting statement
It is proposed that the Board of Directors assess means to increase employee participation in the Board’s decision- making. It is suggested that the findings of this reflection be reported at the next annual meeting in 2023. The health and economic crisis has reminded us of the importance of employee health and well-being within an organization, the benefits of which are well known: higher level of job satisfaction, deeper sense of belonging, higher commitment rate, increased productivity, reduced absenteeism, lower insurance costs and reduced risks of work-related accidents or illnesses. In the coming years, boards of directors will be faced with a number of issues related to talent development and management. In recent years, boards of directors have made a point of increasing the quality of their decision-making by drawing on a wide range of experience and skills and by involving as many people as possible of all genders, ages, origins and religions. Although our boards of directors are comprised of a majority of independent directors, they lack an employee vision that could bring an alternative perspective on the organization’s operational and strategic issues, better oversight of senior management decisions and a better balance between decisions made with a short-term perspective and those made with a long-term perspective, since employees tend to focus on the long term1 . The most recent edition (2018) of the UK Corporate Governance Code2 called for consideration of various initiatives to increase employee participation in the highly strategic decisions of organizations, including the following: the creation of a statutory workforce advisory panel, the appointment of a director to liaise with workers, or the appointment as a director of at least one employee other than the CEO. We are fully convinced that direct and formal employee contribution into strategic decision-making would be of great value, particularly with regard to decisions that have important talent development and management components. We are therefore tabling this proposal and are confident that, at the next annual meeting in 2023, the Company will propose measures to ensure that its employees are engaged and provide their insights.

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