Topic Results: Stakeholders

January 17, 2024

Former CEO gives Gildan Activewear board a dressing-down

Former Gildan Activewear Inc. chief executive Glenn Chamandy fired back at the company’s latest accusations concerning his leadership, saying the board is seeking to unfairly harm his reputation and cast aspersions on his performance. The company on Tuesday took aim at Mr. Chamandy’s leadership, alleging he had become disengaged from his job, and that he had an […]

October 17, 2023

Family Controlled Companies: Drivers of Canadian Economy

To listen to the full panel with Louis Audet (board member of IGOPP), about the most recent report of IGOPP on family businesses, please click here or on the image below (the panel’s duration is 43 minutes):

October 17, 2023

Family Controlled Companies: Key Drivers of Canadian Economic Sustainability – Panel

To listen to the full panel with Louis Audet (board member of IGOPP), about the most recent report of IGOPP on family businesses, please click here or on the image below (the panel’s duration is 43 minutes):

May 1, 2023

South African prison scandal raises concerns over Caisse’s G4S connections

[…] Even before this latest scandal, questions were being raised about why a Canadian corporate pillar like the Caisse would jump into the security industry and, later, associate itself with a company like G4S, which has a checkered recent history. Critics say the pension giant, which administers the retirement funds for thousands of public-sector employees, has no business […]

December 29, 2022

Companies should disclose board members’ spoken languages to investors, Quebec group Médac says

A leading investors’ rights group in Quebec is pressing publicly traded Canadian companies to reveal what languages their board members speak, saying the disclosure is needed to ensure rising expectations for corporate diversity are being met. The call comes from Montreal-based Mouvement d’éducation et de défense des actionnaires, known as Médac. The group says the […]

November 5, 2021

Language office eyes probe after Air Canada English-only speech

Michael Rousseau’s first speech to business leaders in Montreal was supposed to be his coming out party, a chance for Air Canada new chief executive to build credibility and tell the story of an airline – a pillar of the Quebec economy – in recovery mode. Instead, the CEO’s English-only talk, during which he revealed that […]

November 17, 2020

Corporate Purpose, ESG, stakeholders: what’s the deal?

Since the publication in 1932 of Berle and Means’ The Modern Corporation and Private Property, “capitalist” societies have been engaged in a forlorn quest for an appropriate definition of the role, justification and “raison d’être” of large corporations. Except for the legal fiction of shareholders as owners, corporations of the 1950’s, 60’s and 70’s, were […]

September 30, 2020

The ”Purpose” of a Corporation

You have missed our virtual event on ” The Purpose of a Corporation and the Stakeholder Model ” with the renowned lawyer from New York,  Martin Lipton, founding partner of the prominent law firm Wachtell, Lipton, Rosen & Katz  ? With the attendance of more than 300 participants, this conference, organised in partnership with ICD, tackled multiple governance […]

August 9, 2020

The Age of ESG: new issues for corporate governance ?

For 40 years or so, corporations listed on stock markets were expected to pursue diligently, if not exclusively, value creation for their shareholders. A number of factors had pushed corporations away from an earlier “stakeholder model,” prime among them the revolution in executive compensation. Then, in the new century, a perennial criticism of business corporations […]

July 6, 2020

IGOPP’s research on Stakeholders quoted in the Harvard Law School Forum on Corporate Governance

In his article published on July 3, 2020 by the Harvard Law School Forum on Corporate Governance Some Thoughts for Boards of Directors in 2020: A Mid-Year Update, Martin Lipton, a prominent New Yorker from the Wachtell, Lipton, Rosen & Katz, referred to IGOPP’s research on Governance and stakeholders co-written by the professors Yvan Allaire […]

July 2, 2020

Some Thoughts for Boards of Directors in 2020: A Mid-Year Update

The past six months have been marked by a profound upheaval that has accelerated the growing focus on both the purpose of the corporation and the role of the board in overseeing and leading the corporation in ways that promote sustainable business success. For a number of years, there has been a growing sense of […]

May 1, 2020

Corporate Governance in the post-pandemic world

Human beings are wonderful amnesiacs, an observation grounded in the history of traumatic events which have faded gradually into oblivion. That may well be the case with the current pandemic. For instance, how did societies, corporations and their governance system cope with recent dramatic events (so called “Black Swans” or for the more statistically inclined […]

December 13, 2019

Limiting the damage of short-sellers

When any individual investor or fund comes to the conclusion after careful analysis that a company is over-valued, it may very well sell short the shares of that company. Fair enough. If the analysis proves right, facts on the ground will confirm it eventually and the stock price will drop. But that’s not the game plan […]

September 20, 2019

The Business Roundtable on “The Purpose of a Corporation” Back to the future!

In September 2019, CEOs of large U.S. corporations have embraced with suspect enthusiasm the notion that a corporation’s purpose is broader than merely “creating shareholder value”. Why now after 30 years of obedience to the dogma of shareholder primacy and servile (but highly paid) attendance to the whims and wants of investment funds? Simply put, […]

September 20, 2019

From Amazon to the Financial Times and Trudeau, the big push is underway to ‘reset’ capitalism

The old pink lady of Fleet Street made history of sorts this week, donning a yellow front page that contained a five-word declaration that it was pursuing a New Agenda. Despite its reputation and self-declared role as a defender of free markets, the Financial Times of London has frequently flirted with assorted compromises. But nothing […]

March 21, 2019

What was the story behind SNC-Lavalin’s supposedly ‘excellent’ corporate governance regime?

Excerpted and translated from “Le fiasco SNC-Lavalin: crime, culture, governance?” by Yvan Allaire, executive chairman of the Institute for Governance of Private and Public Organizations, published in Policy Options March 18, 2019.  The tragedy of SNC-Lavalin was in the making between 2000 and 2012. To outside observers, these were years of quiet profitability for the […]