Royal Bank of Canada | Disclosure of languages mastered by employees at Royal Bank of Canada

Status
AGM passed
AGM date
Previous AGM date
Proposal number
4
Resolution details
Company ticker
RY:CN
Lead filer
Mouvement d'éducation et de défense des actionnaires (MÉDAC)
Resolution ask
Report on or disclose
ESG theme
  • Governance
ESG sub-theme
  • Diversity, equity & inclusion (DEI)
Type of vote
Shareholder proposal
Filer type
Shareholder
Company sector
Financials
Company HQ country
Canada
Resolved clause
It is proposed that the languages mastered by employees be disclosed, broken down by jurisdiction, for all territories (countries, states,
provinces) in which the company operates.
Supporting statement
When candidates are hired, their skills are assessed to determine whether they meet the requirements of the job for which they are
applying. Among these, of course, are language skills. Information on this subject is known to all companies. This information, in its
statistical form, is of interest to everyone.
In recent years, several public controversies about language have tainted the reputation of major companies with respect to their social
responsibility and their interpretation of their duties and obligations with respect to the diversity inherent in our societies. Language is
at the heart of our democratic institutions and is a fundamental attribute of the community. Such situations, harmful from every point of
view, must be avoided. To this end — and for several other reasons — it is appropriate for all interested parties (stakeholders) to know,
through a formal and official disclosure, the languages mastered by the Company’s employees.
Obviously, by “mastered”, what is understood is a level of language sufficient to allow its generalized use, verbal and written, in all
spheres of activity of both legal and physical persons; a level of language sufficient to enable each one to assume their duties and
functions fully and completely.

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