Annual Meetings - Stocktrades Canada

What are your thoughts on the Annual Meeting and Voting Instructions documents. Should we (share holders) be looking at these documents more carefully and taking action (as relatively small qty share holders in well establisher large companies)?

I do scan the documents that arrive but I do so in a cursory fashion for anything that looks alarming. For the most part (all parts actually), nothing is of concern.

Then there are the designation and/or vote selections. These documents all offer ‘recommendations’ for the answer vote. Is there any real need to actually complete them and send them back?

I do take my right to vote for political parties very seriously but does my vote, or lack of a vote, really have any impact given I own only 100/1000/10,000 shares of a company?

I appreciate your thoughts.

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Asked on March 30, 2021 10:57 am

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Hey there. Definitely an interesting question.

I opted out of receiving these shareholder documents. To be honest, with the internet at the state it is now, I view those massive booklets as practically a waste of paper. I can find absolutely everything I need from a company via their investor relations page, and external research sites.

Now in terms of voting, that is completely up to you. You are right in the fact that your vote means very, very little (for example, my 100 shares of Couche-Tard with over 830 million shares outstanding is about 0.0012% of company ownership) but you are also right that your 1 vote in a political election actually has less individual impact than many of the voting rights you have with companies, and lots still do it.

Voting in company decisions is completely dependent on the individual. Some choose to do it, and some brush it off because of little ownership, and leave the voting to major institutions and insider holders.

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Posted by Dan Kent

Answered on March 30, 2021 11:21 am

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