LAW 533 Lecture Notes - Lecture 3: Goldcorp, Corporate Social Responsibility, Enbridge
17 Apr 2017
School
Department
Course
Professor
Document Summary
Csr, shareholders, social responsibility investment and the law. If you"re making a shareholder proposal, it has to connect to what the business is doing. Tim hortons" concerns about too much sugar can be considered, but turning tim hortons" into a religious organization (i. e. something that has nothing to do with the business) will not be considered. Cbca -> corporation does not have to circulate proposal if it clearly appears that the proposal does not relate in any significant way to the business or affairs of the corporation. Prior to 2001 amendments, the cbca contained another limitation -> a corporation could refuse to distribute a proposal if it was primarily for the purpose of promoting general economic, political, racial, religious, social, or similar causes. Prior to 2001 amendments, proposal to have corporation divest investments in south africa ruled to be for the purpose of promoting a political or social cause, so corporation is not obliged to distribute it.
