BCI raises expectations on board diversity and addressing climate change risk in new Proxy Voting Guidelines
News provided by
Share this article
Share this article
VICTORIA, BC, Feb. 9, 2021 /PRNewswire/ - Today, British Columbia Investment Management Corporation (BCI) published new Proxy Voting Guidelines detailing our evolving expectations regarding the governance practices of the publicly-traded companies in which we invest. The new guidelines raise our expectations on increasing board diversity, addressing climate change risk, and reviewing executive compensation in the context of COVID-19 and its impact on human capital.
BCI updates the guidelines every two years. They reflect ongoing research of corporate governance best practices and BCI s understanding of evolving risks facing publicly-traded companies as represented in shareholder proposals.