Congeco Inc. | Women in Leadership Roles Before and After the Pandemic at Cogeco Inc.

Status
3.23% votes in favour
AGM date
Previous AGM date
Proposal number
1
Resolution details
Lead filer
Mouvement d'éducation et de défense des actionnaires (MÉDAC)
Resolution ask
Report on or disclose
ESG theme
  • Social
  • Governance
ESG sub-theme
  • Diversity, equity & inclusion (DEI)
Type of vote
Shareholder proposal
Filer type
Shareholder
Company sector
Telecom
Company HQ country
Canada
Resolved clause
It is proposed that the Corporation publishes every year, in any form it deems appropriate, a report on the proportion of women in leadership roles, from the most junior to the top management levels.
Supporting statement
The pandemic has drastically changed our economy as well as the workplace. Women in particular have been negatively impacted, as millions of them had to leave their job or choose to work part-time or were simply laid off because of the nature of their job or line of business. As a result, there are less women in leadership roles and less women on track to become future managers. This of course only worsens a situation that already existed. According to a study by McKenzie [sic], if women represented 50% of employees in the most junior level of management within the Canadian businesses having taken part in the survey, the percentage dropped to 31% among vice-presidents and to 14% among chief executive officers, as shown in the following graph. Businesses cannot risk losing more women in leadership roles and that is why our proposal calls for a report which would fulfill the following objectives: assess the current situation for the various levels of management, invite executive officers to fix gender equality objectives for each such level and inform shareholders and other stakeholders about the strategies that will be implemented in order to ensure gender parity in the workplace once the current public health crisis is over.

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