IR Leader
June 08, 2021

CIRI Members: Vote Your Proxy Today!

The 2021 virtual Annual General Meeting of the members of CIRI will be held on Tuesday, June 22, 2021.

All members are encouraged to attend the virtual Meeting. Even if you are attending, we encourage all members to vote their proxy as soon as possible. All members are entitled to vote at the Meeting in person or by proxy. You can return your proxy by email to proxies@ciri.org before 5:00 p.m. (ET) on Friday, June 18, 2021.

Annual General Meeting documents were provided to all members on Tuesday, June 1, 2021.

These member-only documents are available at CIRI.org. (You must be logged in using your CIRI username and password to access them.)

Please remember, YOUR VOICE COUNTS, so vote your proxy as soon as possible.

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Issues Update – Recent Activity from the CSA

There has been significant activity over the past couple of weeks that CIRI updated members on.

The CSA:

  • published detailed data on women on Boards and in executive officer positions;
  • Indicated that they will be conducting consultations on broader diversity in corporate leadership;
  • proposed changes to continuous disclosure requirements; and
  • Published the final rule for non-GAAP and other financial measures.

CIRI encourages you to review the new data and rules and voice your views on broader diversity and proposed changes to disclosure requirements – either to CIRI or directly to the regulators.

If you have any questions pertaining to these issues, or other IR-related issues, please contact Yvette Lokker.

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Top Stories

SEC to Reconsider Rules and Guidance Regarding Proxy Advisory Firms

Whether and how to regulate proxy advisory firms, such as ISS and Glass Lewis, has long been a contentious issue, with some arguing that their vote recommendations were plagued by conflicts of interest and often erroneous, while others saw no reason for regulation given that the clients of these firms were satisfied with their services.

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Exxon Mobil: Drilling Down on the Proxy Vote

The election of at least two activist directors to Exxon Mobil Corp.'s board has been lauded as a landmark victory for climate-change action. But a deeper analysis shows that a board short on industry expertise and lacking a long-term, sustainable business strategy - as reflected in new-debt issuance that exceeded the value of dividends and buybacks in 2020 - may have contributed to Exxon's defeat.

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Forget ESG Scores - Investors Need the Whole Story on Sustainability Strategy

ESG data is booming. As the global sustainable investment market reaches new heights, so does investor demand for data on companies' environmental, social and governance (ESG) performance.

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Canadian Securities Regulators Publish Final Rule for Non-GAAP and Other Financial Measures

The Canadian Securities Administrators (CSA) today published disclosure requirements for issuers that disclose non-GAAP (generally accepted accounting principles) and other financial measures on a voluntary basis. The rule improves the quality of information provided to investors for various financial measures that commonly lack standardized meaning.

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Dutch Court Rules Oil Giant Shell Must Cut Carbon Emissions by 45% by 2030 in Landmark Case

A Dutch court on Wednesday ruled oil giant Royal Dutch Shell must reduce its carbon emissions by 45% by 2030 from 2019 levels.

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Exxon Loses Board Seats to Activist Hedge Fund in Landmark Climate Vote

A tiny hedge fund dealt a major blow to Exxon Mobil Corp on Wednesday, unseating at least two board members in a bid to force the company's leadership to reckon with the risk of failing to adjust its business strategy to match global efforts to combat climate change.

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Moving from Value to Values: An ESG Assessment

CFOs should create a new agenda around "the three R's": risk, regulation and returns, in an effort to better understand the trade-offs between economic outcomes and broader value outcomes.

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Time for CFOs to Influence the SEC's Climate Effort

Companies should seize the opportunity to engage with the SEC to help craft efficient and responsive climate change disclosure rules.

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The Changing Role of the Investor Relations Officer

When companies are surprised by activist shareholders it's often because management and the board don't have a good idea of what investors are thinking and what their hot-buttons issues are. Today's CEOs need a new breed of skilled investor relations officer (IRO) to bridge the gap.

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