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Statement regarding the Kamloops Indian Residential School from the Reconciliation and Responsible Investment Initiative (RRII)

May 31, 2021 - It is with a heavy heart and many tears that we add our voice to those across Turtle Island who mourn for the 215 young spirits finally located last week in Kamloops, British Columbia. We grieve with the Tk’emlúps te Secwépemc Nation and the families of the lost children. The truly devastating reality of what happened at these Indian Residential Schools is all too real today for many Indigenous peoples. We ourselves, or our family members and friends, have experienced the intergenerational trauma firsthand. Some will show the physical scars from where they were hit for speaking their own language, others...

Press Release: TMX Group Limited shareholders vote in favour of company-supported shareholder proposal on Indigenous inclusion

Historic support for shareholder proposal on Indigenous inclusion cultivates meaningful, transparent action on reconciliation in the financial sector May 12, 2021 – Shareholders of TMX Group Ltd. voted overwhelmingly to support a resolution on Indigenous inclusion and reconciliation at the company’s annual and special meeting of shareholders held earlier today. The vote will have profound effects on Canadian companies and the Indigenous economy. The Shareholder Association for Research and Education (SHARE), a national investor advocate, filed the proposal on behalf of the Atkinson Foundation. TMX Group made history when the company announced it would recommend a vote in favour of an amended version of the proposal.  This...

Proxy Alert: Proposal on Indigenous Relations and Reconciliation at TMX Group

TMX Group LtdSymbol: X.TOAnnual Meeting date: May 12, 2021Filer: Atkinson Foundation, supported by the Shareholder Association for Research & Education (SHARE) Shareholder proposal on Indigenous relations and reconciliation (amended) SHARE’s Recommendation: Vote FOR shareholder proposal (amended)TMX Group Management Recommendation: Vote FOR shareholder proposal (amended) RESOLVED that the TMX Group’s Board of Directors report to shareholders on its work: to develop internal programs and policies on equity, diversity, and inclusion (ED&I), including those that encompass current and prospective Indigenous employees, and relationships with Indigenous communities;to review procurement from Indigenous-owned businesses, and those owned by other underrepresented groups, and establish appropriate disclosure practices and objectives; andto engage with qualified Indigenous and other organizations...

TMX management joins Canadian businesses committing to Indigenous economic empowerment

22 April 2021 – By Katherine Wheatley, Kevin Thomas, & Anthony Schein Following productive dialogue with the company, we are pleased to announce that the board of directors of the TMX Group (which owns the Toronto Stock Exchange) has agreed to jointly support a resolution on reconciliation and Indigenous relations to TMX shareholders filed by SHARE on behalf of the Atkinson Foundation. The Atkinson Foundation’s proposal asks the company to commit to develop internal programs and policies on equity, diversity, and inclusion including Indigenous employees; to review procurement from Indigenous-owned businesses and establish procurement objectives; and to engage with Indigenous organizations to identify standards of practice...

“Strong leadership and an effective system of accountability” needed at the Chartwell board of directors: SHARE

19 April 2021 – By Sarah Couturier-Tanoh, Senior Shareholder Engagement & Policy Analyst, SHARE Cross-posted with permission from the SHARE blog. At the upcoming annual meeting at Chartwell Retirement Residences, SHARE is recommending unitholders vote FOR the shareholder proposal (proposal No. 1) on board oversight of the workforce, and that unitholders withhold (Vote against) their vote for the chair of the Board, Michael D. Harris. SHARE argues that the company’s performance during the COVID-19 pandemic, when at least 393 Chartwell residents have died from the virus, underscores the importance of board oversight of the workforce, and the need for the company to provide reporting to investors on...

Standing in solidarity with Indigenous rights-holders in the Maritimes: Investors and fisheries in Canada

By Katherine Wheatley, Shannon Rohan, & Anthony Schein - SHARE Last week, our team watched the escalating violence against Mi’kmaq fishers and started exchanging emails and messages internally: “How much do we know about the Nova Scotia fishery supply chain?” “Which major companies buy Nova Scotia lobster?” “Do seafood sustainability labels have any human rights analysis?” “Has the Fisheries Council of Canada made a public statement?” At first glance, Indigenous fishing rights seemed far removed from the investment context. As we examined the relevant fishery and market dynamics further, we found opportunities for companies, and investors, to uphold Mi’kmaq treaty rights – and their own commitments...

SHARE and NATOA welcome the Edmonton CFL Team’s Announcement of a Name Change

The Shareholder Association for Research and Education (SHARE) and the National Aboriginal Trust Officers Association (NATOA) welcome today’s announcement from the Canadian Football League’s (“CFL”) Edmonton franchise of its decision to retire its team name. The abandonment of the use of an Indigenous moniker is a positive step to advancing reconciliation and respectful relations with Indigenous peoples. Indigenous-led calls on the Edmonton CFL franchise to change its name have been made for a number of years. President Natan Obed, leader of the national Inuit organization, Inuit Tapiriit Kanatami (“ITK”), has called on the franchise to change its name since 2015, saying, “This issue is about...

Investors Demand Washington Team #ChangeTheName

SHARE has joined investors representing more than $620 billion in assets calling for NIKE, PepsiCo, and FedEx to terminate business with the NFL’s Washington D.C. franchise if it fails to cease using the racial slur “R*dsk*ns” as its name. SHARE and RRII stand in solidarity alongside First Peoples Worldwide, the Oneida Trust, and others involved in the Investors and Indigenous Peoples Working Group (IIPWG), which has engaged companies for years seeking an end to the use of the racist name and logo. Opposition to the name of this franchise is also being advanced by the National Congress of American Indians, Illuminative, and other U.S.-based Indigenous groups. At SHARE, Indigenous rights...