What is a Shareholder Proposal?

A shareholder proposal is a resolution put forward by a shareholder or group of shareholders for consideration at a corporation's annual meeting.  The proposal is filed to initiate change on a certain company issue.

Often, management opposes these proposals and urges shareholders to vote against them. However, management may negotiate with a filer to make changes in corporate policy to avoid the threat of a shareholder proposal.

Even if shareholder resolutions are unsuccessful, the vote results send a signal that may lead to change. Withdrawn proposals often indicate success for the filer in that the company has agreed to partially or wholly implement the proposal.

This database provides information on shareholder proposals filed with Canadian companies and the final outcome of each proposal. This database contains information made available to SHARE and we are not responsible for the inclusiveness or accuracy of data.