ALIMENTATION COUCHE-TARD INC. | Business protection from takeover at ALIMENTATION COUCHE-TARD INC.

Status
6.70% votes in favour
AGM date
Previous AGM date
Proposal number
4
Resolution details
Company ticker
ATD.B
Lead filer
Mouvement d'éducation et de défense des actionnaires (MÉDAC)
Resolution ask
Adopt or amend a policy
ESG theme
  • Governance
ESG sub-theme
  • Other
Type of vote
Shareholder proposal
Filer type
Shareholder
Company sector
Consumer Staples
Company HQ country
Canada
Resolved clause
It is proposed that Couche-Tard put in place the necessary means to prevent a takeover of the company, either hostile or not.
Supporting statement
The possible means of preventing the takeover of a company are numerous and the question of the protection of head offices was the subject of a State report to which it is appropriate to refer5 . The company's Multiple Voting Share (MVS) plan was abolished in the past year. The company no longer has the protections and guarantees provided by this plan. Couche-Tard, given its many qualities—starting with its size and the important place it occupies not only in the country, but also throughout the world—is a target of choice for a potential buyer. In the absence of having been able to protect the control of the founders, it is important today to protect the head office, if only to ensure the sustainability of its contribution to the national community which saw its birth and in ensure outreach abroad. It is a corporate social responsibility.

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