Virtual-only meetings erode shareholder democracy, institutional investor group warns [BNN Bloomberg (Canada)]
Toronto Dominion Bank (The) (TD)
Last toronto dominion bank (the) earnings: 2/27 06:30 am
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td.com/investor-relations/ir-homepage/ir-homepage/investor-index.jsp
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Source: BNN Bloomberg
In an open letter released Thursday, the coalition of 38 investors led by the B.C. General Employees' Union called on S&P/TSX 60 companies to publicly disclose how they will ensure shareholders' statutory and common law rights are being upheld. "The essence of shareholder democracy lies in the robust exchange of perspectives and the accountable exercise of shareholder rights," said Paul Finch, chief financial officer of BCGEU, in a statement. He said that while technology can enhance shareholder democracy, he's concerned some issuers are using virtual meetings in ways that erode rights. Those issues include shareholders not being able to initiate or participate in discussions, cumbersome registration procedures that discourage participation and lack of transparency on questions and whether all questions submitted have been addressed. "As stewards of significant assets, it is our collective duty to ensure that technology serves as an enhancer, not a barrier, to shareholder dem
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TD
Earnings
- 2/29/24 - Beat
TD
Sec Filings
- 5/2/24 - Form 424B2
- 5/1/24 - Form FWP
- 5/1/24 - Form 424B2
- TD's page on the SEC website