Vote Summary Report Reporting Period: 07/01/2020 to 06/30/2021 Location(s): All Locations Institution Account(s): Fonds Placements F.M.O.Q. Grande Capitalisation Constellation Software Inc. Ticker: CSU Meeting Date: 08/05/2020 Country: Canada Primary Security ID: 21037X100 Meeting Type: Special Record Date: 07/02/2020 Shares Voted: 580 Mgmt Rec Proponent Vote Instruction Proposal Text Proposal Number Voting Policy Rec Mgmt For Withhold For Elect Director John Billowits 1.1 Mgmt For For For Elect Director Donna Parr 1.2 Mgmt Withhold Withhold For Elect Director Andrew Pastor 1.3 Mgmt For Withhold For Elect Director Barry Symons 1.4 Saputo Inc. Ticker: SAP Meeting Date: 08/06/2020 Country: Canada Primary Security ID: 802912105 Meeting Type: Annual Record Date: 06/12/2020 Shares Voted: 6,065 Mgmt Rec Proponent Vote Instruction Proposal Text Proposal Number Voting Policy Rec 1.1 Elect Director Lino A. Saputo, Jr. Mgmt For For For Mgmt For For For Elect Director Louis-Philippe Carriere 1.2 Mgmt For For For Elect Director Henry E. Demone 1.3 Mgmt For For For Elect Director Anthony M. Fata 1.4 Mgmt For For For Elect Director Annalisa King 1.5
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Constellation Software Inc. · 1.2 Elect Director Louis-Philippe Carriere Mgmt For For For 1.3 Elect Director Henry E. Demone Mgmt For For For 1.4 Elect Director Anthony M. Fata Mgmt
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Vote Summary Report
Reporting Period: 07/01/2020 to 06/30/2021
Location(s): All Locations
Institution Account(s): Fonds Placements F.M.O.Q. Grande Capitalisation
1.1 Elect Director Janice M. Babiak Mgmt For For For
Mgmt ForForForElect Director Sophie Brochu 1.2
Mgmt ForForForElect Director Craig W. Broderick 1.3
Mgmt ForForForElect Director George A. Cope 1.4
Mgmt ForForForElect Director Stephen Dent 1.5
Mgmt ForForForElect Director Christine A. Edwards 1.6
Mgmt ForForForElect Director Martin S. Eichenbaum 1.7
Mgmt ForForForElect Director David E. Harquail 1.8
Mgmt ForForForElect Director Linda S. Huber 1.9
Mgmt ForForForElect Director Eric R. La Fleche 1.10
Vote Summary Report
Reporting Period: 07/01/2020 to 06/30/2021
Location(s): All Locations
Institution Account(s): Fonds Placements F.M.O.Q. Grande Capitalisation
Bank of Montreal
Mgmt RecProponentVote InstructionProposal Text
Proposal Number
Voting Policy Rec
Mgmt ForForForElect Director Lorraine Mitchelmore 1.11
Mgmt ForForForElect Director Madhu Ranganathan 1.12
Mgmt ForForForElect Director Darryl White 1.13
Mgmt ForForForRatify KPMG LLP as Auditors 2
Mgmt ForReferForApprove Advisory Vote on Executive Compensation Approach 3
MgmtShareholder Proposal
SH AgainstAgainstAgainstIssue a Report Describing a Clear Plan to Make the Greenhouse Gas Footprint of the Company, Including the Portfolio on Lending Practices, Carbon Neutral
1.1 Elect Director Andrew A. Chisholm Mgmt For For For
Mgmt ForForForElect Director Jacynthe Cote 1.2
Mgmt ForForForElect Director Toos N. Daruvala 1.3
Mgmt ForForForElect Director David F. Denison 1.4
Mgmt ForForForElect Director Cynthia Devine 1.5
Vote Summary Report
Reporting Period: 07/01/2020 to 06/30/2021
Location(s): All Locations
Institution Account(s): Fonds Placements F.M.O.Q. Grande Capitalisation
Royal Bank of Canada
Mgmt RecProponentVote InstructionProposal Text
Proposal Number
Voting Policy Rec
Mgmt ForForForElect Director David McKay 1.6
Mgmt ForForForElect Director Kathleen Taylor 1.7
Mgmt ForForForElect Director Maryann Turcke 1.8
Mgmt ForForForElect Director Thierry Vandal 1.9
Mgmt ForForForElect Director Bridget A. van Kralingen 1.10
Mgmt ForForForElect Director Frank Vettese 1.11
Mgmt ForForForElect Director Jeffery Yabuki 1.12
Mgmt ForForForRatify PricewaterhouseCoopers LLP as Auditors 2
Mgmt ForReferForAdvisory Vote on Executive Compensation Approach 3
MgmtShareholder Proposals
SH AgainstAgainstAgainstSP 1: Adopt Company-Wide, Quantitative, Time-bound Greenhouse Gas (GHG) Emissions Reduction Targets and Issue an Annual Report Discussing the Plans and Progress of Achieving Such Targerts
4
SH AgainstReferAgainstSP 2: Redefine the Bank's Purpose and Undertakings 5
SH AgainstAgainstAgainstSP 3: Produce a Report on Loans Made by the Bank in Support of the Circular Economy
6
SH AgainstAgainstAgainstSP 4: Adopt a Diversity Target Higher than 40% for the Composition of the Board of Directors for the Next Five Years
1A Elect Director Shauneen Bruder Mgmt For For For
Mgmt ForForForElect Director Julie Godin 1B
Mgmt ForForForElect Director Denise Gray 1C
Mgmt ForForForElect Director Justin M. Howell 1D
Mgmt ForForForElect Director Kevin G. Lynch 1E
Mgmt ForForForElect Director Margaret A. McKenzie 1F
Mgmt ForForForElect Director James E. O'Connor 1G
Mgmt ForForForElect Director Robert Pace 1H
Mgmt ForForForElect Director Robert L. Phillips 1I
Mgmt ForForForElect Director Jean-Jacques Ruest 1J
Mgmt ForForForElect Director Laura Stein 1K
Vote Summary Report
Reporting Period: 07/01/2020 to 06/30/2021
Location(s): All Locations
Institution Account(s): Fonds Placements F.M.O.Q. Grande Capitalisation
Canadian National Railway Company
Mgmt RecProponentVote InstructionProposal Text
Proposal Number
Voting Policy Rec
Mgmt ForForForRatify KPMG LLP as Auditors 2
Mgmt ForReferForAdvisory Vote on Executive Compensation Approach 3
Mgmt ForForForManagement Advisory Vote on Climate Change 4
MgmtShareholder Proposals
SH AgainstReferAgainstSP 1: Institute a New Safety-Centered Bonus System 5
SH AgainstReferAgainstSP 2: Require the CN Police Service to Cede Criminal Investigation of All Workplace Deaths and Serious Injuries and Instead Request the Independent Police Forces in Canada and the US to Do Such Investigations
Institution Account(s): Fonds Placements F.M.O.Q. Grande Capitalisation
Loblaw Companies Limited
Shares Voted: 6,887
Mgmt RecProponentVote InstructionProposal Text
Proposal Number
Voting Policy Rec
1.1 Elect Director Paviter S. Binning Mgmt For For For
Mgmt ForForForElect Director Scott B. Bonham 1.2
Mgmt ForForForElect Director Warren Bryant 1.3
Mgmt ForForForElect Director Christie J.B. Clark 1.4
Mgmt ForForForElect Director Daniel Debow 1.5
Mgmt ForForForElect Director William A. Downe 1.6
Mgmt ForForForElect Director Janice Fukakusa 1.7
Mgmt ForForForElect Director M. Marianne Harris 1.8
Mgmt ForForForElect Director Claudia Kotchka 1.9
Mgmt ForForForElect Director Beth Pritchard 1.10
Mgmt ForForForElect Director Sarah Raiss 1.11
Mgmt ForForForElect Director Galen G. Weston 1.12
Mgmt ForForForApprove KPMG LLP as Auditors and Authorize Board to Fix Their Remuneration
2
Mgmt ForReferForAdvisory Vote on Executive Compensation Approach 3
SH ForReferAgainstPrepare and Publish a Report Examining Capital and Risk Management Practices during the Pandemic, in terms of Balancing the Interests of Stakeholders and Monitoring/Assessing Actions that Could Cause Undue Reputational Risk
4
Vote Summary Report
Reporting Period: 07/01/2020 to 06/30/2021
Location(s): All Locations
Institution Account(s): Fonds Placements F.M.O.Q. Grande Capitalisation
1 Fix Number of Trustees at Six Mgmt For Refer For
Mgmt ForForForElect Trustee Paul Amirault 2a
Mgmt ForForForElect Trustee Paul Bouzanis 2b
Mgmt ForForForElect Trustee John Jussup 2c
Mgmt ForForForElect Trustee Ronald Leslie 2d
Mgmt ForForForElect Trustee Michael McGahan 2e
Mgmt ForForForElect Trustee Cheryl Pangborn 2f
Mgmt ForForForApprove RSM Canada LLP as Auditors and Authorize Board to Fix Their Remuneration
3
Vote Summary Report
Reporting Period: 07/01/2020 to 06/30/2021
Location(s): All Locations
Institution Account(s): Fonds Actions Canadiennes FMOQ - Petite capitalisation
InterRent Real Estate Investment Trust
Mgmt RecProponentVote InstructionProposal Text
Proposal Number
Voting Policy Rec
Mgmt ForForForElect Paul Amirault, Paul Bouzanis, Ronald Leslie, John Jussup, Ronald Leslie, Mike McGahan, and Cheryl Pangborn as Trustees of InterRent Trust
4
Mgmt ForForForElect Paul Bouzanis, Brad Cutsey, Mike McGahan, and Curt Millar as Directors of InterRent Holdings General Partner Limited
Meeting for Subordinate Voting, Variable Subordinate Voting and Multiple Voting Shareholders
Mgmt
Mgmt ForForForElect Director Claudine Blondin 1.1
Mgmt ForForForElect Director Eric Boyko 1.2
Mgmt ForForForElect Director Frederic Lavoie 1.3
Mgmt ForForForElect Director Jacques Parisien 1.4
Mgmt ForForForElect Director Mark Pathy 1.5
Mgmt ForForForElect Director Gary S. Rich 1.6
Mgmt ForForForElect Director Francois-Charles Sirois 1.7
Mgmt ForForForElect Director John R. Steele 1.8
Vote Summary Report
Reporting Period: 07/01/2020 to 06/30/2021
Location(s): All Locations
Institution Account(s): Fonds Actions Canadiennes FMOQ - Petite capitalisation
Stingray Group Inc.
Mgmt RecProponentVote InstructionProposal Text
Proposal Number
Voting Policy Rec
Mgmt ForForForElect Director Robert G. Steele 1.9
Mgmt ForForForElect Director Pascal Tremblay 1.10
Mgmt ForForForApprove KPMG LLP as Auditors and Authorize Board to Fix Their Remuneration
2
Mgmt ForReferNoneThe Undersigned Hereby Certifies that the Shares Represented by this Proxy are Owned and Controlled by a Canadian. Vote FOR = Yes and Abstain = No. A Vote Against will be treated as not voted.
Institution Account(s): Fonds Actions Canadiennes FMOQ - Petite capitalisation
Cargojet Inc.
Shares Voted: 1,142
Mgmt RecProponentVote InstructionProposal Text
Proposal Number
Voting Policy Rec
1a Elect Director James Crane Mgmt For For For
Mgmt ForForForElect Director Ajay Virmani 1b
Mgmt ForForForElect Director Arlene Dickinson 1c
Mgmt ForForForElect Director Paul Godfrey 1d
Mgmt ForForForElect Director John Webster 1e
Mgmt ForForForApprove PricewaterhouseCoopers LLP as Auditors and Authorize Board to Fix Their Remuneration
2
Mgmt ForReferNoneThe Undersigned Certifies The Shares Represented by this Proxy Are Owned And Controlled By: FOR = Canadian, AGT = Non-Canadian Holder Authorized To Provide Air Service, ABN = Non-Canadian Who Is Not A Non-Canadian Holder Authorized To Provide Air Service.
1.1 Elect Director Claire M.C. Kennedy Mgmt For For For
Mgmt ForForForElect Director Eric Noyrez 1.2
Mgmt ForForForElect Director Constantine E. Karayannopoulos 1.3
Vote Summary Report
Reporting Period: 07/01/2020 to 06/30/2021
Location(s): All Locations
Institution Account(s): Fonds Actions Canadiennes FMOQ - Petite capitalisation
Neo Performance Materials Inc.
Mgmt RecProponentVote InstructionProposal Text
Proposal Number
Voting Policy Rec
Mgmt ForForForElect Director Brook Hinchman 1.4
Mgmt ForForForElect Director Edgar Lee 1.5
Mgmt ForForForElect Director G. Gail Edwards 1.6
Mgmt ForForForElect Director Gregory (Greg) Share 1.7
Mgmt ForForForApprove KPMG LLP as Auditors and Authorize Board to Fix Their Remuneration
2
Mgmt ForReferForApprove Omnibus Long-Term Incentive Plan 3
Vote Summary Report
Date range covered: 07/01/2020 to 06/30/2021
Location(s): All Locations
Institution Account(s): Fonds de placement FMOQ
Saputo Inc.
Meeting Date: 08/06/2020
Record Date: 06/12/2020
Country: Canada
Meeting Type: Annual
Primary Security ID: 802912105
Ticker: SAP
Shares Voted: 9,035
Proposal Number ProponentProposal Text Mgmt Rec
Vote Instruction
Mgmt ForForElect Director Lino A. Saputo, Jr. 1.1
Mgmt ForForElect Director Louis-Philippe Carriere 1.2
Mgmt ForForElect Director Henry E. Demone 1.3
Mgmt ForForElect Director Anthony M. Fata 1.4
Mgmt ForForElect Director Annalisa King 1.5
Mgmt ForForElect Director Karen Kinsley 1.6
Mgmt ForForElect Director Tony Meti 1.7
Mgmt ForForElect Director Diane Nyisztor 1.8
Mgmt ForForElect Director Franziska Ruf 1.9
Mgmt ForForElect Director Annette Verschuren 1.10
Mgmt ForForApprove Deloitte LLP as Auditors and Authorize Board to Fix Their Remuneration
2
Mgmt ForForAdvisory Vote on Executive Compensation Approach
3
SH AgainstAgainstSP 1: Incorporation of Environmental, Social and Governance (ESG) Factorsin Executive Compensation
4
CAE Inc.
Meeting Date: 08/12/2020
Record Date: 06/16/2020
Country: Canada
Meeting Type: Annual
Primary Security ID: 124765108
Ticker: CAE
Shares Voted: 11,300
Proposal Number ProponentProposal Text Mgmt Rec
Vote Instruction
1.1 Elect Director Margaret S. (Peg) Billson Mgmt For For
Mgmt ForForElect Director Michael M. Fortier 1.2
Mgmt ForForElect Director Marianne Harrison 1.3
Mgmt ForForElect Director Alan N. MacGibbon 1.4
Vote Summary Report
Date range covered: 07/01/2020 to 06/30/2021
Location(s): All Locations
Institution Account(s): Fonds de placement FMOQ
CAE Inc.
Proposal Number ProponentProposal Text Mgmt Rec
Vote Instruction
Mgmt ForForElect Director John P. Manley 1.5
Mgmt ForForElect Director Francois Olivier 1.6
Mgmt ForForElect Director Marc Parent 1.7
Mgmt ForForElect Director David G. Perkins 1.8
Mgmt ForForElect Director Michael E. Roach 1.9
Mgmt ForForElect Director Andrew J. Stevens 1.10
Mgmt ForForApprove PricewaterhouseCoopers LLP as Auditors and Authorize Board to Fix Their Remuneration
2
Mgmt ForForAdvisory Vote on Executive Compensation Approach
3
Empire Company Limited
Meeting Date: 09/10/2020
Record Date: 07/20/2020
Country: Canada
Meeting Type: Annual
Primary Security ID: 291843407
Ticker: EMP.A
Shares Voted: 10,025
Proposal Number ProponentProposal Text Mgmt Rec
Vote Instruction
Meeting for Class A Non-Voting Shareholders Mgmt
Mgmt ForForAdvisory Vote on Executive Compensation Approach
1
Open Text Corporation
Meeting Date: 09/14/2020
Record Date: 08/05/2020
Country: Canada
Meeting Type: Annual/Special
Primary Security ID: 683715106
Ticker: OTEX
Shares Voted: 11,100
Proposal Number ProponentProposal Text Mgmt Rec
Vote Instruction
1.1 Elect Director P. Thomas Jenkins Mgmt For For
Mgmt ForForElect Director Mark J. Barrenechea 1.2
Mgmt ForForElect Director Randy Fowlie 1.3
Vote Summary Report
Date range covered: 07/01/2020 to 06/30/2021
Location(s): All Locations
Institution Account(s): Fonds de placement FMOQ
Open Text Corporation
Proposal Number ProponentProposal Text Mgmt Rec
Vote Instruction
Mgmt ForForElect Director David Fraser 1.4
Mgmt ForForElect Director Gail E. Hamilton 1.5
Mgmt ForForElect Director Robert (Bob) Hau 1.6
Mgmt ForForElect Director Stephen J. Sadler 1.7
Mgmt ForForElect Director Harmit Singh 1.8
Mgmt ForForElect Director Michael Slaunwhite 1.9
Mgmt ForForElect Director Katharine B. Stevenson 1.10
Mgmt ForForElect Director Deborah Weinstein 1.11
Mgmt ForForRatify KPMG LLP as Auditors 2
Mgmt ForForAdvisory Vote on Executive Compensation Approach
3
Mgmt ForForAmend Employee Stock Purchase Plan 4
Mgmt ForForAmend Stock Option Plan 5
Alimentation Couche-Tard Inc.
Meeting Date: 09/16/2020
Record Date: 07/20/2020
Country: Canada
Meeting Type: Annual
Primary Security ID: 01626P403
Ticker: ATD.B
Shares Voted: 17,450
Proposal Number ProponentProposal Text Mgmt Rec
Vote Instruction
Meeting for Class A Multiple Voting and Class B Subordinate Voting Shareholders
Mgmt
Mgmt ForForApprove PricewaterhouseCoopers LLP as Auditors and Authorize Board to Fix Their Remuneration
1
Mgmt ForForElect Director Alain Bouchard 2.1
Mgmt ForForElect Director Melanie Kau 2.2
Mgmt ForForElect Director Jean Bernier 2.3
Mgmt ForForElect Director Eric Boyko 2.4
Mgmt ForForElect Director Jacques D'Amours 2.5
Mgmt ForForElect Director Janice L. Fields 2.6
Mgmt ForForElect Director Richard Fortin 2.7
Vote Summary Report
Date range covered: 07/01/2020 to 06/30/2021
Location(s): All Locations
Institution Account(s): Fonds de placement FMOQ
Alimentation Couche-Tard Inc.
Proposal Number ProponentProposal Text Mgmt Rec
Vote Instruction
Mgmt ForForElect Director Brian Hannasch 2.8
Mgmt ForForElect Director Marie Josee Lamothe 2.9
Mgmt ForForElect Director Monique F. Leroux 2.10
Mgmt ForForElect Director Real Plourde 2.11
Mgmt ForForElect Director Daniel Rabinowicz 2.12
Mgmt ForForElect Director Louis Tetu 2.13
Mgmt ForForAdvisory Vote on Executive Compensation Approach
3
MgmtShareholder Proposals
SH AgainstAgainstSP 1: Integrate ESG Criteria into in Establishing Executive Compensation
4
SH AgainstAgainstSP 2: Determine that a Director is Independent or Non-Independent Be Disclosed in Management Circular
5
SH AgainstAgainstSP 3: Adopt a Responsible Employment Policy While Ensuring Its Employees a Living Wage
6
Metro Inc.
Meeting Date: 01/26/2021
Record Date: 12/11/2020
Country: Canada
Meeting Type: Annual
Primary Security ID: 59162N109
Ticker: MRU
Shares Voted: 6,330
Proposal Number ProponentProposal Text Mgmt Rec
Vote Instruction
1.1 Elect Director Maryse Bertrand Mgmt For For
Mgmt ForForElect Director Pierre Boivin 1.2
Mgmt ForForElect Director Francois J. Coutu 1.3
Mgmt ForForElect Director Michel Coutu 1.4
Mgmt ForForElect Director Stephanie Coyles 1.5
Mgmt ForForElect Director Claude Dussault 1.6
Mgmt ForForElect Director Russell Goodman 1.7
Mgmt ForForElect Director Marc Guay 1.8
Mgmt ForForElect Director Christian W.E. Haub 1.9
Vote Summary Report
Date range covered: 07/01/2020 to 06/30/2021
Location(s): All Locations
Institution Account(s): Fonds de placement FMOQ
Metro Inc.
Proposal Number ProponentProposal Text Mgmt Rec
Vote Instruction
Mgmt ForForElect Director Eric R. La Fleche 1.10
Mgmt ForForElect Director Christine Magee 1.11
Mgmt ForForElect Director Line Rivard 1.12
Mgmt ForForRatify Ernst & Young LLP as Auditors 2
Mgmt ForForAdvisory Vote on Executive Compensation Approach
3
Mgmt ForForAmend By-Laws 4
CGI Inc.
Meeting Date: 01/27/2021
Record Date: 12/07/2020
Country: Canada
Meeting Type: Annual
Primary Security ID: 12532H104
Ticker: GIB.A
Shares Voted: 5,870
Proposal Number ProponentProposal Text Mgmt Rec
Vote Instruction
Meeting for Class A Subordinate Voting and Class B Shareholders
Mgmt
Mgmt ForForElect Director Alain Bouchard 1A
Mgmt ForForElect Director George A. Cope 1B
Mgmt ForForElect Director Paule Dore 1C
Mgmt ForForElect Director Julie Godin 1D
Mgmt ForForElect Director Serge Godin 1E
Mgmt ForForElect Director Timothy J. Hearn 1F
Mgmt ForForElect Director Andre Imbeau 1G
Mgmt ForForElect Director Gilles Labbe 1H
Mgmt ForForElect Director Michael B. Pedersen 1I
Mgmt ForForElect Director Stephen S. Poloz 1J
Mgmt ForForElect Director Mary Powell 1K
Mgmt ForForElect Director Alison C. Reed 1L
Mgmt ForForElect Director Michael E. Roach 1M
Mgmt ForForElect Director George D. Schindler 1N
Mgmt ForForElect Director Kathy N. Waller 1O
Vote Summary Report
Date range covered: 07/01/2020 to 06/30/2021
Location(s): All Locations
Institution Account(s): Fonds de placement FMOQ
CGI Inc.
Proposal Number ProponentProposal Text Mgmt Rec
Vote Instruction
Mgmt ForForElect Director Joakim Westh 1P
Mgmt ForForApprove PricewaterhouseCoopers LLP as Auditors and Authorize the Audit and Risk Management Committee to Fix Their Remuneration
2
Mgmt ForForAmend By-Law 1986-5 Re: Shareholder Meetings Through Virtual Means
3
Transcontinental Inc.
Meeting Date: 02/25/2021
Record Date: 01/13/2021
Country: Canada
Meeting Type: Annual
Primary Security ID: 893578104
Ticker: TCL.A
Shares Voted: 5,450
Proposal Number ProponentProposal Text Mgmt Rec
Vote Instruction
Meeting for Class A Subordinate Voting and Class B Shareholders
Mgmt
Mgmt ForForElect Director H. Peter Brues 1.1
Mgmt ForForElect Director Jacynthe Cote 1.2
Mgmt ForForElect Director Yves Leduc 1.3
Mgmt ForForElect Director Isabelle Marcoux 1.4
Mgmt ForForElect Director Nathalie Marcoux 1.5
Mgmt ForForElect Director Pierre Marcoux 1.6
Mgmt ForForElect Director Remi Marcoux 1.7
Mgmt ForForElect Director Anna Martini 1.8
Mgmt ForForElect Director Francois Olivier 1.9
Mgmt ForForElect Director Mario Plourde 1.10
Mgmt ForForElect Director Jean Raymond 1.11
Mgmt ForForElect Director Francois R. Roy 1.12
Mgmt ForForElect Director Annie Thabet 1.13
Mgmt ForForApprove KPMG LLP as Auditors and Authorize Board to Fix Their Remuneration
2
Mgmt ForForAdvisory Vote on Executive Compensation Approach
3
Vote Summary Report
Date range covered: 07/01/2020 to 06/30/2021
Location(s): All Locations
Institution Account(s): Fonds de placement FMOQ
Canadian Western Bank
Meeting Date: 04/01/2021
Record Date: 02/08/2021
Country: Canada
Meeting Type: Annual
Primary Security ID: 13677F101
Ticker: CWB
Shares Voted: 10,900
Proposal Number ProponentProposal Text Mgmt Rec
Vote Instruction
1.1 Elect Director Andrew J. Bibby Mgmt For For
Mgmt ForForElect Director Marie Y. Delorme 1.2
Mgmt ForForElect Director Maria Filippelli 1.3
Mgmt ForForElect Director Christopher H. Fowler 1.4
Mgmt ForForElect Director Linda M.O. Hohol 1.5
Mgmt ForForElect Director Robert A. Manning 1.6
Mgmt ForForElect Director E. Gay Mitchell 1.7
Mgmt ForForElect Director Sarah A. Morgan-Silvester 1.8
Mgmt ForForElect Director Margaret J. Mulligan 1.9
Mgmt ForForElect Director Robert L. Phillips 1.10
Mgmt ForForElect Director Irfhan A. Rawji 1.11
Mgmt ForForElect Director Ian M. Reid 1.12
Mgmt ForForElect Director H. Sanford Riley 1.13
Mgmt ForForRatify KPMG LLP as Auditors 2
Mgmt ForForAdvisory Vote on Executive Compensation Approach
3
The Toronto-Dominion Bank
Meeting Date: 04/01/2021
Record Date: 02/01/2021
Country: Canada
Meeting Type: Annual
Primary Security ID: 891160509
Ticker: TD
Shares Voted: 15,510
Proposal Number ProponentProposal Text Mgmt Rec
Vote Instruction
1.1 Elect Director Amy W. Brinkley Mgmt For For
Mgmt ForForElect Director Brian C. Ferguson 1.2
Mgmt ForForElect Director Colleen A. Goggins 1.3
Vote Summary Report
Date range covered: 07/01/2020 to 06/30/2021
Location(s): All Locations
Institution Account(s): Fonds de placement FMOQ
The Toronto-Dominion Bank
Proposal Number ProponentProposal Text Mgmt Rec
Vote Instruction
Mgmt ForForElect Director Jean-Rene Halde 1.4
Mgmt ForForElect Director David E. Kepler 1.5
Mgmt ForForElect Director Brian M. Levitt 1.6
Mgmt ForForElect Director Alan N. MacGibbon 1.7
Mgmt ForForElect Director Karen E. Maidment 1.8
Mgmt ForForElect Director Bharat B. Masrani 1.9
Mgmt ForForElect Director Irene R. Miller 1.10
Mgmt ForForElect Director Nadir H. Mohamed 1.11
Mgmt ForForElect Director Claude Mongeau 1.12
Mgmt ForForElect Director Joe Natale 1.13
Mgmt ForForElect Director S. Jane Rowe 1.14
Mgmt ForForApprove Ernst & Young LLP as Auditors and Authorize Board to Fix Their Remuneration
2
Mgmt ForForAdvisory Vote on Executive Compensation Approach
3
MgmtShareholder Proposals
SH AgainstAgainstSP 1: Produce a Report on Loans Made by the Bank in Support of the Circular Economy
4
SH AgainstAgainstSP 2: Adopt a Diversity Target Higher than 40% for the Composition of the Board of Directors for the Next Five Years
5
The Bank of Nova Scotia
Meeting Date: 04/13/2021
Record Date: 02/16/2021
Country: Canada
Meeting Type: Annual
Primary Security ID: 064149107
Ticker: BNS
Shares Voted: 12,713
Proposal Number ProponentProposal Text Mgmt Rec
Vote Instruction
1.1 Elect Director Nora A. Aufreiter Mgmt For For
Mgmt ForForElect Director Guillermo E. Babatz 1.2
Mgmt ForForElect Director Scott B. Bonham 1.3
Mgmt ForForElect Director Lynn K. Patterson 1.4
Vote Summary Report
Date range covered: 07/01/2020 to 06/30/2021
Location(s): All Locations
Institution Account(s): Fonds de placement FMOQ
The Bank of Nova Scotia
Proposal Number ProponentProposal Text Mgmt Rec
Vote Instruction
Mgmt ForForElect Director Michael D. Penner 1.5
Mgmt ForForElect Director Brian J. Porter 1.6
Mgmt ForForElect Director Una M. Power 1.7
Mgmt ForForElect Director Aaron W. Regent 1.8
Mgmt ForForElect Director Calin Rovinescu 1.9
Mgmt ForForElect Director Susan L. Segal 1.10
Mgmt ForForElect Director L. Scott Thomson 1.11
Mgmt ForForElect Director Benita M. Warmbold 1.12
Mgmt ForForRatify KPMG LLP as Auditors 2
Mgmt ForForAdvisory Vote on Executive Compensation Approach
3
MgmtShareholder Proposals
SH AgainstAgainstSP 1: Produce a Report on Loans Made by the Bank in Support of the Circular Economy
4.4
SH AgainstAgainstSP 2: Disclose the Compensation Ratio (Equity Ratio) Used by the Compensation Committee
4.5
SH AgainstAgainstSP 3: Set a Diversity Target of More than 40% of the Board Members for the Next Five Years
4.6
Canadian National Railway Company
Meeting Date: 04/27/2021
Record Date: 03/05/2021
Country: Canada
Meeting Type: Annual
Primary Security ID: 136375102
Ticker: CNR
Shares Voted: 7,665
Proposal Number ProponentProposal Text Mgmt Rec
Vote Instruction
1A Elect Director Shauneen Bruder Mgmt For For
Mgmt ForForElect Director Julie Godin 1B
Mgmt ForForElect Director Denise Gray 1C
Mgmt ForForElect Director Justin M. Howell 1D
Mgmt WithholdForElect Director Kevin G. Lynch 1E
Mgmt ForForElect Director Margaret A. McKenzie 1F
Vote Summary Report
Date range covered: 07/01/2020 to 06/30/2021
Location(s): All Locations
Institution Account(s): Fonds de placement FMOQ
Canadian National Railway Company
Proposal Number ProponentProposal Text Mgmt Rec
Vote Instruction
Mgmt ForForElect Director James E. O'Connor 1G
Mgmt ForForElect Director Robert Pace 1H
Mgmt ForForElect Director Robert L. Phillips 1I
Mgmt ForForElect Director Jean-Jacques Ruest 1J
Mgmt ForForElect Director Laura Stein 1K
Mgmt ForForRatify KPMG LLP as Auditors 2
Mgmt ForForAdvisory Vote on Executive Compensation Approach
3
Mgmt ForForManagement Advisory Vote on Climate Change
4
MgmtShareholder Proposals
SH AgainstAgainstSP 1: Institute a New Safety-Centered Bonus System
5
SH AgainstAgainstSP 2: Require the CN Police Service to Cede Criminal Investigation of All Workplace Deaths and Serious Injuries and Instead Request the Independent Police Forces in Canada and the US to Do Such Investigations
6
Enbridge Inc.
Meeting Date: 05/05/2021
Record Date: 03/09/2021
Country: Canada
Meeting Type: Annual
Primary Security ID: 29250N105
Ticker: ENB
Shares Voted: 1,193
Proposal Number ProponentProposal Text Mgmt Rec
Vote Instruction
1.1 Elect Director Pamela L. Carter Mgmt For Withhold
Mgmt WithholdForElect Director Marcel R. Coutu 1.2
Mgmt WithholdForElect Director Susan M. Cunningham 1.3
Mgmt ForForElect Director Gregory L. Ebel 1.4
Mgmt ForForElect Director J. Herb England 1.5
Mgmt WithholdForElect Director Gregory J. Goff 1.6
Mgmt WithholdForElect Director V. Maureen Kempston Darkes 1.7
Mgmt ForForElect Director Teresa S. Madden 1.8
Vote Summary Report
Date range covered: 07/01/2020 to 06/30/2021
Location(s): All Locations
Institution Account(s): Fonds de placement FMOQ
Enbridge Inc.
Proposal Number ProponentProposal Text Mgmt Rec
Vote Instruction
Mgmt ForForElect Director Al Monaco 1.9
Mgmt ForForElect Director Stephen S. Poloz 1.10
Mgmt ForForElect Director Dan C. Tutcher 1.11
Mgmt ForForApprove PricewaterhouseCoopers LLP as Auditors and Authorize Board to Fix Their Remuneration
2
Mgmt AgainstForAdvisory Vote on Executive Compensation Approach
3
Premium Brands Holdings Corporation
Meeting Date: 05/05/2021
Record Date: 03/19/2021
Country: Canada
Meeting Type: Annual
Primary Security ID: 74061A108
Ticker: PBH
Shares Voted: 3,588
Proposal Number ProponentProposal Text Mgmt Rec
Vote Instruction
1 Fix Number of Directors at Eight Mgmt For For
Mgmt ForForElect Director Sean Cheah 2a
Mgmt ForForElect Director Johnny Ciampi 2b
Mgmt ForForElect Director Bruce Hodge 2c
Mgmt ForForElect Director Kathleen Keller-Hobson 2d
Mgmt ForForElect Director Hugh McKinnon 2e
Mgmt ForForElect Director George Paleologou 2f
Mgmt ForForElect Director Mary Wagner 2g
Mgmt ForForElect Director John Zaplatynsky 2h
Mgmt ForForApprove PricewaterhouseCoopers LLP as Auditors and Authorize Board to Fix Their Remuneration
3
Mgmt ForForAdvisory Vote on Executive Compensation Approach
4
iA Financial Corporation Inc.
Meeting Date: 05/06/2021
Record Date: 03/09/2021
Country: Canada
Meeting Type: Annual
Primary Security ID: 45075E104
Ticker: IAG
Vote Summary Report
Date range covered: 07/01/2020 to 06/30/2021
Location(s): All Locations
Institution Account(s): Fonds de placement FMOQ
iA Financial Corporation Inc.
Shares Voted: 4,675
Proposal Number ProponentProposal Text Mgmt Rec
Vote Instruction
1.1 Elect Director Mario Albert Mgmt For For
Mgmt ForForElect Director William F. Chinery 1.2
Mgmt ForForElect Director Benoit Daignault 1.3
Mgmt ForForElect Director Nicolas Darveau-Garneau 1.4
Mgmt ForForElect Director Emma K. Griffin 1.5
Mgmt ForForElect Director Ginette Maille 1.6
Mgmt ForForElect Director Jacques Martin 1.7
Mgmt ForForElect Director Monique Mercier 1.8
Mgmt ForForElect Director Danielle G. Morin 1.9
Mgmt ForForElect Director Marc Poulin 1.10
Mgmt ForForElect Director Suzanne Rancourt 1.11
Mgmt ForForElect Director Denis Ricard 1.12
Mgmt ForForElect Director Louis Tetu 1.13
Mgmt ForForRatify Deloitte LLP as Auditors 2
Mgmt ForForAdvisory Vote on Executive Compensation Approach
3
Mgmt ForForAmend By-laws 4
MgmtShareholder Proposal
SH AgainstAgainstSP 3: Approve Appointment of a New External Auditor
5
Magna International Inc.
Meeting Date: 05/06/2021
Record Date: 03/19/2021
Country: Canada
Meeting Type: Annual
Primary Security ID: 559222401
Ticker: MG
Shares Voted: 6,530
Proposal Number ProponentProposal Text Mgmt Rec
Vote Instruction
1A Elect Director Peter G. Bowie Mgmt For For
Mgmt ForForElect Director Mary S. Chan 1B
Vote Summary Report
Date range covered: 07/01/2020 to 06/30/2021
Location(s): All Locations
Institution Account(s): Fonds de placement FMOQ
Magna International Inc.
Proposal Number ProponentProposal Text Mgmt Rec
Vote Instruction
Mgmt ForForElect Director V. Peter Harder 1C
Mgmt ForForElect Director Seetarama S. Kotagiri 1D
Mgmt ForForElect Director Kurt J. Lauk 1E
Mgmt ForForElect Director Robert F. MacLellan 1F
Mgmt ForForElect Director Mary Lou Maher 1G
Mgmt ForForElect Director Cynthia A. Niekamp 1H
Mgmt ForForElect Director William A. Ruh 1I
Mgmt ForForElect Director Indira V. Samarasekera 1J
Mgmt ForForElect Director Lisa S. Westlake 1K
Mgmt ForForElect Director William L. Young 1L
Mgmt ForForApprove Deloitte LLP as Auditors and Authorize the Audit Committee to Fix Their Remuneration
2
Mgmt ForForAdvisory Vote on Executive Compensation Approach
3
Manulife Financial Corp.
Meeting Date: 05/06/2021
Record Date: 03/10/2021
Country: Canada
Meeting Type: Annual
Primary Security ID: 56501R106
Ticker: MFC
Shares Voted: 31,000
Proposal Number ProponentProposal Text Mgmt Rec
Vote Instruction
1.1 Elect Director Nicole S. Arnaboldi Mgmt For For
Mgmt ForForElect Director Guy L.T. Bainbridge 1.2
Mgmt ForForElect Director Joseph P. Caron 1.3
Mgmt ForForElect Director John M. Cassaday 1.4
Mgmt ForForElect Director Susan F. Dabarno 1.5
Mgmt ForForElect Director Julie E. Dickson 1.6
Mgmt ForForElect Director Sheila S. Fraser 1.7
Mgmt ForForElect Director Roy Gori 1.8
Mgmt ForForElect Director Tsun-yan Hsieh 1.9
Vote Summary Report
Date range covered: 07/01/2020 to 06/30/2021
Location(s): All Locations
Institution Account(s): Fonds de placement FMOQ
Manulife Financial Corp.
Proposal Number ProponentProposal Text Mgmt Rec
Vote Instruction
Mgmt ForForElect Director Donald R. Lindsay 1.10
Mgmt ForForElect Director John R.V. Palmer 1.11
Mgmt ForForElect Director C. James Prieur 1.12
Mgmt ForForElect Director Andrea S. Rosen 1.13
Mgmt ForForElect Director Leagh E. Turner 1.14
Mgmt ForForRatify Ernst & Young LLP as Auditors 2
Mgmt ForForAdvisory Vote on Executive Compensation Approach
3
Stantec Inc.
Meeting Date: 05/06/2021
Record Date: 03/17/2021
Country: Canada
Meeting Type: Annual
Primary Security ID: 85472N109
Ticker: STN
Shares Voted: 8,980
Proposal Number ProponentProposal Text Mgmt Rec
Vote Instruction
1.1 Elect Director Martin A. a Porta Mgmt For For
Mgmt ForForElect Director Douglas K. Ammerman 1.2
Mgmt ForForElect Director Richard C. Bradeen 1.3
Mgmt ForForElect Director Shelley A. M. Brown 1.4
Mgmt ForForElect Director Patricia D. Galloway 1.5
Mgmt ForForElect Director Robert (Bob) J. Gomes 1.6
Mgmt ForForElect Director Gordon (Gord) A. Johnston 1.7
Mgmt ForForElect Director Donald (Don) J. Lowry 1.8
Mgmt ForForElect Director Marie-Lucie Morin 1.9
Mgmt ForForApprove Ernst & Young LLP as Auditors and Authorize Board to Fix Their Remuneration
2
Mgmt ForForAdvisory Vote on Executive Compensation Approach
3
Mgmt ForForAmend By-Law No. 1 4
Vote Summary Report
Date range covered: 07/01/2020 to 06/30/2021
Location(s): All Locations
Institution Account(s): Fonds de placement FMOQ
Recipe Unlimited Corporation
Meeting Date: 05/07/2021
Record Date: 04/01/2021
Country: Canada
Meeting Type: Annual
Primary Security ID: 75622P104
Ticker: RECP
Shares Voted: 5,885
Proposal Number ProponentProposal Text Mgmt Rec
Vote Instruction
Meeting for Multiple Voting and Subordinate Voting Shareholders
Mgmt
Mgmt ForForElect Director David Aisenstat 1.1
Mgmt ForForElect Director Kim Baird 1.2
Mgmt ForForElect Director Christy Clark 1.3
Mgmt ForForElect Director Stephen K. Gunn 1.4
Mgmt ForForElect Director Christopher D. Hodgson 1.5
Mgmt ForForElect Director Sean Regan 1.6
Mgmt ForForElect Director Paul Rivett 1.7
Mgmt ForForElect Director Mark Saunders 1.8
Mgmt ForForRatify KPMG LLP as Auditors 2
Boyd Group Services Inc.
Meeting Date: 05/12/2021
Record Date: 03/26/2021
Country: Canada
Meeting Type: Annual/Special
Primary Security ID: 103310108
Ticker: BYD
Shares Voted: 1,206
Proposal Number ProponentProposal Text Mgmt Rec
Vote Instruction
1A Elect Director David Brown Mgmt For For
Mgmt ForForElect Director Brock Bulbuck 1B
Mgmt ForForElect Director Robert Gross 1C
Mgmt ForForElect Director John Hartmann 1D
Mgmt ForForElect Director Violet Konkle 1E
Mgmt ForForElect Director Timothy O'Day 1F
Mgmt ForForElect Director William Onuwa 1G
Mgmt ForForElect Director Sally Savoia 1H
Vote Summary Report
Date range covered: 07/01/2020 to 06/30/2021
Location(s): All Locations
Institution Account(s): Fonds de placement FMOQ
Boyd Group Services Inc.
Proposal Number ProponentProposal Text Mgmt Rec
Vote Instruction
Mgmt ForForElect Director Robert Espey 1I
Mgmt ForForApprove Deloitte LLP as Auditors and Authorize Board to Fix Their Remuneration
2
Mgmt ForForAdvisory Vote on Executive Compensation Approach
3
Mgmt ForForFix Number of Directors at Nine 4
Mgmt ForForApprove Stock Option Plan 5
Intact Financial Corporation
Meeting Date: 05/12/2021
Record Date: 03/15/2021
Country: Canada
Meeting Type: Annual/Special
Primary Security ID: 45823T106
Ticker: IFC
Shares Voted: 3,530
Proposal Number ProponentProposal Text Mgmt Rec
Vote Instruction
1.1 Elect Director Charles Brindamour Mgmt For For
Mgmt ForForElect Director Janet De Silva 1.2
Mgmt ForForElect Director Claude Dussault 1.3
Mgmt ForForElect Director Jane E. Kinney 1.4
Mgmt ForForElect Director Robert G. Leary 1.5
Mgmt ForForElect Director Sylvie Paquette 1.6
Mgmt ForForElect Director Timothy H. Penner 1.7
Mgmt ForForElect Director Stuart J. Russell 1.8
Mgmt ForForElect Director Indira V. Samarasekera 1.9
Mgmt ForForElect Director Frederick Singer 1.10
Mgmt ForForElect Director Carolyn A. Wilkins 1.11
Mgmt ForForElect Director William L. Young 1.12
Mgmt ForForRatify Ernst & Young LLP as Auditors 2
Mgmt ForForAllow Board to Appoint Additional Directors Up to a Maximum of One Third of the Number of Directors Elected at the Previous Meeting
3
Mgmt ForForAdvisory Vote on Executive Compensation Approach
4
Vote Summary Report
Date range covered: 07/01/2020 to 06/30/2021
Location(s): All Locations
Institution Account(s): Fonds de placement FMOQ
Intact Financial Corporation
Proposal Number ProponentProposal Text Mgmt Rec
Vote Instruction
Mgmt AgainstForApprove Stock Option Plan 5
Morneau Shepell Inc.
Meeting Date: 05/14/2021
Record Date: 03/23/2021
Country: Canada
Meeting Type: Annual/Special
Primary Security ID: 61767W104
Ticker: MSI
Shares Voted: 5,540
Proposal Number ProponentProposal Text Mgmt Rec
Vote Instruction
1.1 Elect Director Luc Bachand Mgmt For For
Mgmt ForForElect Director Robert Courteau 1.2
Mgmt ForForElect Director Gillian (Jill) Denham 1.3
Mgmt ForForElect Director Ron Lalonde 1.4
Mgmt ForForElect Director Bradford (Brad) Levy 1.5
Mgmt ForForElect Director Stephen Liptrap 1.6
Mgmt ForForElect Director Chitra Nayak 1.7
Mgmt ForForElect Director Kevin Pennington 1.8
Mgmt ForForElect Director Dale Ponder 1.9
Mgmt ForForApprove KPMG LLP as Auditors and Authorize Board to Fix Their Remuneration
2
Mgmt ForForAdvisory Vote on Executive Compensation Approach
3
Mgmt ForForChange Company Name to LifeWorks Inc. 4
SNC-Lavalin Group Inc.
Meeting Date: 05/14/2021
Record Date: 03/15/2021
Country: Canada
Meeting Type: Annual
Primary Security ID: 78460T105
Ticker: SNC
Shares Voted: 18,480
Proposal Number ProponentProposal Text Mgmt Rec
Vote Instruction
1.1 Elect Director Gary C. Baughman Mgmt For For
Vote Summary Report
Date range covered: 07/01/2020 to 06/30/2021
Location(s): All Locations
Institution Account(s): Fonds de placement FMOQ
SNC-Lavalin Group Inc.
Proposal Number ProponentProposal Text Mgmt Rec
Vote Instruction
Mgmt ForForElect Director Mary-Ann Bell 1.2
Mgmt ForForElect Director Christie J.B. Clark 1.3
Mgmt ForForElect Director Isabelle Courville 1.4
Mgmt ForForElect Director Ian L. Edwards 1.5
Mgmt ForForElect Director Steven L. Newman 1.6
Mgmt ForForElect Director Michael B. Pedersen 1.7
Mgmt ForForElect Director Zin Smati 1.8
Mgmt ForForElect Director Benita M. Warmbold 1.9
Mgmt ForForElect Director William L. Young 1.10
Mgmt ForForApprove Deloitte LLP as Auditors and Authorize Board to Fix Their Remuneration
2
Mgmt ForForAdvisory Vote on Executive Compensation Approach
3
Shopify Inc.
Meeting Date: 05/26/2021
Record Date: 04/13/2021
Country: Canada
Meeting Type: Annual/Special
Primary Security ID: 82509L107
Ticker: SHOP
Shares Voted: 370
Proposal Number ProponentProposal Text Mgmt Rec
Vote Instruction
Meeting for Class A Subordinate Voting and Class B Multiple Voting Shareholders
Mgmt
Mgmt ForForElect Director Tobias Luetke 1A
Mgmt ForForElect Director Robert Ashe 1B
Mgmt ForForElect Director Gail Goodman 1C
Mgmt ForForElect Director Colleen Johnston 1D
Mgmt ForForElect Director Jeremy Levine 1E
Mgmt ForForElect Director John Phillips 1F
Mgmt ForForApprove PricewaterhouseCoopers LLP as Auditors and Authorize Board to Fix Their Remuneration
2
Mgmt ForForRe-approve Stock Option Plan 3
Vote Summary Report
Date range covered: 07/01/2020 to 06/30/2021
Location(s): All Locations
Institution Account(s): Fonds de placement FMOQ
Shopify Inc.
Proposal Number ProponentProposal Text Mgmt Rec
Vote Instruction
Mgmt ForForRe-approve Long Term Incentive Plan 4
Mgmt ForForAdvisory Vote on Executive Compensation Approach
5
The Descartes Systems Group Inc.
Meeting Date: 06/03/2021
Record Date: 04/21/2021
Country: Canada
Meeting Type: Annual
Primary Security ID: 249906108
Ticker: DSG
Shares Voted: 5,700
Proposal Number ProponentProposal Text Mgmt Rec
Vote Instruction
1.1 Elect Director Deepak Chopra Mgmt For For
Mgmt ForForElect Director Deborah Close 1.2
Mgmt ForForElect Director Eric A. Demirian 1.3
Mgmt ForForElect Director Dennis Maple 1.4
Mgmt ForForElect Director Chris Muntwyler 1.5
Mgmt ForForElect Director Jane O'Hagan 1.6
Mgmt ForForElect Director Edward J. Ryan 1.7
Mgmt ForForElect Director John J. Walker 1.8
Mgmt ForForApprove KPMG LLP as Auditors and Authorize Board to Fix Their Remuneration
2
Mgmt ForForAdvisory Vote on Executive Compensation Approach
3
Thomson Reuters Corporation
Meeting Date: 06/09/2021
Record Date: 04/12/2021
Country: Canada
Meeting Type: Annual
Primary Security ID: 884903709
Ticker: TRI
Shares Voted: 5,616
Proposal Number ProponentProposal Text Mgmt Rec
Vote Instruction
1.1 Elect Director David Thomson Mgmt For For
Mgmt ForForElect Director Steve Hasker 1.2
Vote Summary Report
Date range covered: 07/01/2020 to 06/30/2021
Location(s): All Locations
Institution Account(s): Fonds de placement FMOQ
Thomson Reuters Corporation
Proposal Number ProponentProposal Text Mgmt Rec
Vote Instruction
Mgmt ForForElect Director Kirk E. Arnold 1.3
Mgmt ForForElect Director David W. Binet 1.4
Mgmt ForForElect Director W. Edmund Clark 1.5
Mgmt ForForElect Director Michael E. Daniels 1.6
Mgmt ForForElect Director Kirk Koenigsbauer 1.7
Mgmt ForForElect Director Deanna Oppenheimer 1.8
Mgmt ForForElect Director Vance K. Opperman 1.9
Mgmt ForForElect Director Simon Paris 1.10
Mgmt ForForElect Director Kim M. Rivera 1.11
Mgmt ForForElect Director Barry Salzberg 1.12
Mgmt ForForElect Director Peter J. Thomson 1.13
Mgmt ForForElect Director Wulf von Schimmelmann 1.14
Mgmt ForForApprove PricewaterhouseCoopers LLP as Auditors and Authorize Board to Fix Their Remuneration
2
Mgmt ForForAdvisory Vote on Executive Compensation Approach
3
SH AgainstAgainstSP 1: Produce a Human Rights Risk Report 4
Brookfield Asset Management Inc.
Meeting Date: 06/11/2021
Record Date: 04/23/2021
Country: Canada
Meeting Type: Annual
Primary Security ID: 112585104
Ticker: BAM.A
Shares Voted: 18,982
Proposal Number ProponentProposal Text Mgmt Rec
Vote Instruction
1.1 Elect Director M. Elyse Allan Mgmt For For
Mgmt ForForElect Director Angela F. Braly 1.2
Mgmt ForForElect Director Janice Fukakusa 1.3
Mgmt ForForElect Director Maureen Kempston Darkes 1.4
Mgmt ForForElect Director Frank J. McKenna 1.5
Mgmt ForForElect Director Hutham S. Olayan 1.6
Vote Summary Report
Date range covered: 07/01/2020 to 06/30/2021
Location(s): All Locations
Institution Account(s): Fonds de placement FMOQ
Brookfield Asset Management Inc.
Proposal Number ProponentProposal Text Mgmt Rec
Vote Instruction
Mgmt ForForElect Director Seek Ngee Huat 1.7
Mgmt ForForElect Director Diana L. Taylor 1.8
Mgmt ForForApprove Deloitte LLP as Auditors and Authorize Board to Fix Their Remuneration
2
Mgmt ForForAdvisory Vote on Executive Compensation Approach
3
Restaurant Brands International Inc.
Meeting Date: 06/16/2021
Record Date: 04/20/2021
Country: Canada
Meeting Type: Annual
Primary Security ID: 76131D103
Ticker: QSR
Shares Voted: 7,305
Proposal Number ProponentProposal Text Mgmt Rec
Vote Instruction
1.1 Elect Director Alexandre Behring Mgmt For For
Mgmt ForForElect Director Joao M. Castro-Neves 1.2
Mgmt ForForElect Director Maximilien de Limburg Stirum 1.3
Mgmt ForForElect Director Paul J. Fribourg 1.4
Mgmt ForForElect Director Neil Golden 1.5
Mgmt ForForElect Director Ali Hedayat 1.6
Mgmt ForForElect Director Golnar Khosrowshahi 1.7
Mgmt ForForElect Director Marc Lemann 1.8
Mgmt ForForElect Director Jason Melbourne 1.9
Mgmt ForForElect Director Giovanni (John) Prato 1.10
Mgmt ForForElect Director Daniel S. Schwartz 1.11
Mgmt ForForElect Director Carlos Alberto Sicupira 1.12
Mgmt ForForAdvisory Vote to Ratify Named Executive Officers' Compensation
2
Mgmt One YearOne YearAdvisory Vote on Say on Pay Frequency 3
Mgmt ForForApprove KPMG LLP as Auditors and Authorize Board to Fix Their Remuneration
4
Vote Summary Report
Date range covered: 07/01/2020 to 06/30/2021
Location(s): All Locations
Institution Account(s): Fonds de placement FMOQ
Winpak Ltd.
Meeting Date: 06/23/2021
Record Date: 05/19/2021
Country: Canada
Meeting Type: Annual
Primary Security ID: 97535P104
Ticker: WPK
Shares Voted: 2,176
Proposal Number ProponentProposal Text Mgmt Rec
Vote Instruction
1.1 Elect Director Antti I. Aarnio-Wihuri Mgmt For Withhold
Mgmt WithholdForElect Director Martti H. Aarnio-Wihuri 1.2
Mgmt WithholdForElect Director Rakel J. Aarnio-Wihuri 1.3
Mgmt WithholdForElect Director Bruce J. Berry 1.4
Mgmt WithholdForElect Director Kenneth P. Kuchma 1.5
Mgmt ForForElect Director Dayna Spiring 1.6
Mgmt WithholdForElect Director Ilkka T. Suominen 1.7
Mgmt ForForRatify KPMG LLP as Auditors 2
Mgmt ForForAdvisory Vote on Executive Compensation Approach
1.1 Elect Director John Billowits Mgmt For Withhold Withhold
Blended Rationale: Vote WITHHOLD for John Billowits and Barry Symons for serving as executive directors and Andrew Pastor for serving as a non-independent, non-executive director on a non-majority independent board. Vote FOR all other proposed nominees.
Mgmt ForForForElect Director Donna Parr 1.2
Blended Rationale: Vote WITHHOLD for John Billowits and Barry Symons for serving as executive directors and Andrew Pastor for serving as a non-independent, non-executive director on a non-majority independent board. Vote FOR all other proposed nominees.
Mgmt WithholdWithholdForElect Director Andrew Pastor 1.3
Blended Rationale: Vote WITHHOLD for John Billowits and Barry Symons for serving as executive directors and Andrew Pastor for serving as a non-independent, non-executive director on a non-majority independent board. Vote FOR all other proposed nominees.
Mgmt WithholdWithholdForElect Director Barry Symons 1.4
Blended Rationale: Vote WITHHOLD for John Billowits and Barry Symons for serving as executive directors and Andrew Pastor for serving as a non-independent, non-executive director on a non-majority independent board. Vote FOR all other proposed nominees.
Meeting for Class A Multiple Voting and Class B Subordinate Voting Shareholders
Mgmt
Mgmt ForForForApprove PricewaterhouseCoopers LLP as Auditors and Authorize Board to Fix Their Remuneration
1
Blended Rationale: Vote FOR the ratification of PricewaterhouseCoopers LLP as auditor as non-audit fees (9 percent) were reasonable relative to total fees paid to the auditor.
Mgmt ForForForElect Director Alain Bouchard 2.1
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Melanie Kau 2.2
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Jean Bernier 2.3
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Eric Boyko 2.4
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Jacques D'Amours 2.5
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Janice L. Fields 2.6
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Richard Fortin 2.7
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Brian Hannasch 2.8
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Marie Josee Lamothe 2.9
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Monique F. Leroux 2.10
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Real Plourde 2.11
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Daniel Rabinowicz 2.12
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Vote Summary Report
Date range covered: 07/01/2020 to 09/30/2020
Location(s): Triasima Portfolio Management Inc.
Institution Account(s): FDS DE PLACEMENT FMOQ
Alimentation Couche-Tard Inc.
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Mgmt ForForForElect Director Louis Tetu 2.13
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForAdvisory Vote on Executive Compensation Approach
3
Blended Rationale: Vote FOR this non-binding advisory vote as there are no significant issues at this time.
MgmtShareholder Proposals
SH ForForAgainstSP 1: Integrate ESG Criteria into in Establishing Executive Compensation
4
Blended Rationale: Votes FOR this shareholder proposal are warranted. Additional information regarding the integration of ESG metrics in senior executives' compensation packages would benefit shareholders regarding executives' incentives to ensure positive ESG performance.
SH AgainstAgainstAgainstSP 2: Determine that a Director is Independent or Non-Independent Be Disclosed in Management Circular
5
Blended Rationale: Vote AGAINST the proposal.It appears that the company is in compliance with current disclosure obligations and the shareholder request is outside current Canadian market practice. Given the overly prescriptive nature of the request, support for this resolution is not warranted.
SH AgainstAgainstAgainstSP 3: Adopt a Responsible Employment Policy While Ensuring Its Employees a Living Wage
6
Blended Rationale: A vote AGAINST the resolution is warranted at this time.The company has committed to aligning with UN SDG 8: Decent work and economic growth. Related disclosures show the company’s policies and objectives concerning major employment related policies and practices. It appears that none of the company's competitors has adopted living wage. Requiring the company to possibly commit to increased labour costs in a highly competitive retail industry could reduce its ability to compete with peers.
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director James Askew 1.2
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Alison Baker 1.3
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Sofia Bianchi 1.4
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Helene Cartier 1.5
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Livia Mahler 1.6
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Sebastien de Montessus 1.7
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Naguib Sawiris 1.8
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Tertius Zongo 1.9
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForApprove BDO LLP as Auditors and Authorize Board to Fix Their Remuneration
2
Blended Rationale: Vote FOR the ratification of BDO LLP as auditor.
Mgmt ForForForRe-approve Performance Share Unit Plans 3
Blended Rationale: Based on the Equity Plan Score Card evaluation (EPSC), vote FOR these full-value award plans.
Mgmt ForForForAmend Performance Share Unit Plans 4
Blended Rationale: Vote FOR this resolution as the Amending Provision Amendments provide that non-employee directors may not be introduced or reintroduced as eligible participants under the PSU Plans without prior shareholder approval.
Mgmt ForForForAdvisory Vote on Executive Compensation Approach
5
Blended Rationale: Vote FOR this non-binding advisory vote as there are no significant issues at this time.
Blended Rationale: Vote FOR this routine resolution.
Mgmt ForForForElect Director Daniel P. Ryan 2.1
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Lynn Atchison 2.2
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Gregory Monahan 2.3
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Salvatore (Sal) Visca 2.4
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Gerhard Watzinger 2.5
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Christy Wyatt 2.6
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForRatify Deloitte LLP as Auditors 3
Blended Rationale: Vote FOR the ratification of Deloitte LLP as auditor as non-audit fees (40 percent) were reasonable relative to total fees paid to the auditor.
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Pierre Boivin 1.2
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Francois J. Coutu 1.3
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Michel Coutu 1.4
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Stephanie Coyles 1.5
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Claude Dussault 1.6
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Russell Goodman 1.7
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Marc Guay 1.8
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Christian W.E. Haub 1.9
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Eric R. La Fleche 1.10
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Christine Magee 1.11
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Line Rivard 1.12
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForRatify Ernst & Young LLP as Auditors 2
Blended Rationale: Vote FOR the ratification of Ernst & Young LLP as auditor as non-audit fees (5 percent) were reasonable relative to total fees paid to the auditor.
Vote Summary Report
Date range covered: 01/01/2021 to 03/31/2021
Location(s): Triasima Portfolio Management Inc.
Institution Account(s): FDS DE PLACEMENT FMOQ
Metro Inc.
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Mgmt ForForForAdvisory Vote on Executive Compensation Approach
3
Blended Rationale: Vote FOR this non-binding advisory vote as there are no significant issues at this time.
Mgmt ForForForAmend By-Laws 4
Blended Rationale: Vote FOR this resolution as no significant corporate governance concerns were identified in connection with the proposed amendments to the company's by-laws.
Meeting for Class A Subordinate Voting and Class B Shareholders
Mgmt
Mgmt ForForForElect Director H. Peter Brues 1.1
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Jacynthe Cote 1.2
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Yves Leduc 1.3
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Isabelle Marcoux 1.4
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Nathalie Marcoux 1.5
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Pierre Marcoux 1.6
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Remi Marcoux 1.7
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Anna Martini 1.8
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Vote Summary Report
Date range covered: 01/01/2021 to 03/31/2021
Location(s): Triasima Portfolio Management Inc.
Institution Account(s): FDS DE PLACEMENT FMOQ
Transcontinental Inc.
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Mgmt ForForForElect Director Francois Olivier 1.9
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Mario Plourde 1.10
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Jean Raymond 1.11
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Francois R. Roy 1.12
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Annie Thabet 1.13
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForApprove KPMG LLP as Auditors and Authorize Board to Fix Their Remuneration
2
Blended Rationale: Vote FOR the ratification of KPMG LLP as auditor as non-audit fees (17 percent) were reasonable relative to total fees paid to the auditor.
Mgmt ForForForAdvisory Vote on Executive Compensation Approach
3
Blended Rationale: Vote FOR this non-binding advisory vote. The initial quantitative pay-for-performance screen has identified a high concern due to the Relative Degree of Alignment (RDA) factor. As indicated by the qualitative analysis, the company has outperformed its GICs peer group median on a one-year basis from a TSR perspective. Operational performance appears to be improving compared to the company selected peers while relative compensation has decreased versus company selected peers.The target achievement level for adjusted net earnings used to determine the CEO's annual bonus in 2020 was lower than the previous year's actual results. However, when considering the crisis related to the COVID-19 pandemic has disrupted the last seven months of the fiscal year 2020 and that the committee exercised its discretion in reducing the payout multiplier for its adjusted net earnings component STI program from 200 percent to 162.5 percent; this concern is mitigated.Given the above factors and considering that 50 percent of the CEO's 2020 total LTIP compensation grant is performance-based, the initial high concern has been mitigated to medium.On balance, shareholder support is warranted.
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Vote Summary Report
Date range covered: 01/01/2021 to 03/31/2021
Location(s): Triasima Portfolio Management Inc.
Institution Account(s): FDS DE PLACEMENT FMOQ
Cargojet Inc.
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Mgmt ForForForElect Director Ajay Virmani 1b
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Arlene Dickinson 1c
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Paul Godfrey 1d
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director John Webster 1e
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForApprove PricewaterhouseCoopers LLP as Auditors and Authorize Board to Fix Their Remuneration
2
Blended Rationale: Vote FOR the ratification of PricewaterhouseCoopers LLP as auditor as non-audit fees (4 percent) were reasonable relative to total fees paid to the auditor.
Mgmt ForReferNoneThe Undersigned Certifies The Shares Represented by this Proxy Are Owned And Controlled By: FOR = Canadian, AGT = Non-Canadian Holder Authorized To Provide Air Service, ABN = Non-Canadian Who Is Not A Non-Canadian Holder Authorized To Provide Air Service.
A
Blended Rationale: No recommendation is provided for this "voting" item, as the response is dependent upon a shareholder's citizenship or residency status in Canada.
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Brian C. Ferguson 1.2
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Colleen A. Goggins 1.3
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Jean-Rene Halde 1.4
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director David E. Kepler 1.5
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Brian M. Levitt 1.6
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Alan N. MacGibbon 1.7
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Karen E. Maidment 1.8
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Bharat B. Masrani 1.9
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Irene R. Miller 1.10
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Nadir H. Mohamed 1.11
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Claude Mongeau 1.12
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Joe Natale 1.13
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Vote Summary Report
Date range covered: 04/01/2021 to 06/30/2021
Location(s): Triasima Portfolio Management Inc.
Institution Account(s): FDS DE PLACEMENT FMOQ
The Toronto-Dominion Bank
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Mgmt ForForForElect Director S. Jane Rowe 1.14
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForApprove Ernst & Young LLP as Auditors and Authorize Board to Fix Their Remuneration
2
Blended Rationale: Vote FOR the ratification of Ernst & Young LLP as auditor as non-audit fees (10 percent) were reasonable relative to total fees paid to the auditor.
Mgmt ForForForAdvisory Vote on Executive Compensation Approach
3
Blended Rationale: Vote FOR this non-binding advisory vote as there are no significant issues at this time.
MgmtShareholder Proposals
SH ForForAgainstSP 1: Produce a Report on Loans Made by the Bank in Support of the Circular Economy
4
SH AgainstAgainstAgainstSP 2: Adopt a Diversity Target Higher than 40% for the Composition of the Board of Directors for the Next Five Years
5
Blended Rationale: Votes AGAINST this shareholder proposal is warranted as the prescriptive nature of the proposal, which mandates an increase in the presence of women on the board to 40 percent over a five-year period, establishes a quota that could hinder the company from nominating the most suitable individuals and seems unnecessary because the bank already is near this target, demonstrating a strong commitment to board gender diversity.
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Bernard I. Ghert 1b
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Jay S. Hennick 1c
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director D. Scott Patterson 1d
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Vote Summary Report
Date range covered: 04/01/2021 to 06/30/2021
Location(s): Triasima Portfolio Management Inc.
Institution Account(s): FDS DE PLACEMENT FMOQ
FirstService Corporation
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Mgmt ForForForElect Director Frederick F. Reichheld 1e
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Joan Eloise Sproul 1f
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Michael Stein 1g
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Erin J. Wallace 1h
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForApprove PricewaterhouseCoopers LLP as Auditors and Authorize Board to Fix Their Remuneration
2
Blended Rationale: Vote FOR the ratification of PricewaterhouseCoopers LLP as auditor as non-audit fees (4 percent) were reasonable relative to total fees paid to the auditor.
Mgmt AgainstAgainstForAmend Stock Option Plan 3
Blended Rationale: Based on evaluation of the estimated cost, plan features, grant practices, and overriding negative factors using the Equity Plan Score Card (EPSC), vote AGAINST this stock option plan due to the following key factor(s):* The plan provides for discretionary non-employee director participation;
Mgmt ForForForAdvisory Vote on Executive Compensation Approach
4
Blended Rationale: Vote FOR this non-binding advisory vote as there are no significant issues at this time.
1.1 Elect Director Janice M. Babiak Mgmt For For For
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Sophie Brochu 1.2
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Craig W. Broderick 1.3
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Vote Summary Report
Date range covered: 04/01/2021 to 06/30/2021
Location(s): Triasima Portfolio Management Inc.
Institution Account(s): FDS DE PLACEMENT FMOQ
Bank of Montreal
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Mgmt ForForForElect Director George A. Cope 1.4
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Stephen Dent 1.5
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Christine A. Edwards 1.6
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Martin S. Eichenbaum 1.7
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director David E. Harquail 1.8
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Linda S. Huber 1.9
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Eric R. La Fleche 1.10
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Lorraine Mitchelmore 1.11
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Madhu Ranganathan 1.12
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Darryl White 1.13
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForRatify KPMG LLP as Auditors 2
Blended Rationale: Vote FOR the ratification of KPMG LLP as auditor as non-audit fees (6 percent) were reasonable relative to total fees paid to the auditor.
Mgmt ForForForApprove Advisory Vote on Executive Compensation Approach
3
Blended Rationale: Vote FOR this non-binding advisory vote as there are no significant issues at this time.
MgmtShareholder Proposal
SH ForForAgainstIssue a Report Describing a Clear Plan to Make the Greenhouse Gas Footprint of the Company, Including the Portfolio on Lending Practices, Carbon Neutral
A
Blended Rationale: A vote FOR this proposal is warranted because shareholders would benefit from more disclosure on the alignment between the company's stated goals and its actions regarding corporate responsibility.
1.1 Elect Director Charles J. G. Brindamour Mgmt For For For
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Nanci E. Caldwell 1.2
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Michelle L. Collins 1.3
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Patrick D. Daniel 1.4
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Luc Desjardins 1.5
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Victor G. Dodig 1.6
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Kevin J. Kelly 1.7
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Christine E. Larsen 1.8
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Nicholas D. Le Pan 1.9
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Mary Lou Maher 1.10
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Jane L. Peverett 1.11
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Katharine B. Stevenson 1.12
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Martine Turcotte 1.13
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Vote Summary Report
Date range covered: 04/01/2021 to 06/30/2021
Location(s): Triasima Portfolio Management Inc.
Institution Account(s): FDS DE PLACEMENT FMOQ
Canadian Imperial Bank of Commerce
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Mgmt ForForForElect Director Barry L. Zubrow 1.14
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForRatify Ernst & Young LLP as Auditors 2
Blended Rationale: Vote FOR the ratification of Ernst & Young LLP as auditor as non-audit fees (5 percent) were reasonable relative to total fees paid to the auditor.
Mgmt ForForForAdvisory Vote on Executive Compensation Approach
3
Blended Rationale: Vote FOR this non-binding advisory vote as there are no significant issues at this time.
MgmtShareholder Proposal
SH ForForAgainstSP 1: Produce a Report on Loans Made by the Bank in Support of the Circular Economy
4
Blended Rationale: A vote FOR this proposal is warranted as shareholders would benefit from additional information regarding the company's sustainability commitments and management of related risks.
1.1 Elect Director Andrew A. Chisholm Mgmt For For For
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Jacynthe Cote 1.2
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Toos N. Daruvala 1.3
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director David F. Denison 1.4
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Cynthia Devine 1.5
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director David McKay 1.6
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Vote Summary Report
Date range covered: 04/01/2021 to 06/30/2021
Location(s): Triasima Portfolio Management Inc.
Institution Account(s): FDS DE PLACEMENT FMOQ
Royal Bank of Canada
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Mgmt ForForForElect Director Kathleen Taylor 1.7
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Maryann Turcke 1.8
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Thierry Vandal 1.9
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Bridget A. van Kralingen 1.10
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Frank Vettese 1.11
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Jeffery Yabuki 1.12
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForRatify PricewaterhouseCoopers LLP as Auditors
2
Blended Rationale: Vote FOR the ratification of PricewaterhouseCoopers LLP as auditor as non-audit fees (2 percent) were reasonable relative to total fees paid to the auditor.
Mgmt ForForForAdvisory Vote on Executive Compensation Approach
3
Blended Rationale: Vote FOR this non-binding advisory vote as there are no significant issues at this time.
MgmtShareholder Proposals
SH ForForAgainstSP 1: Adopt Company-Wide, Quantitative, Time-bound Greenhouse Gas (GHG) Emissions Reduction Targets and Issue an Annual Report Discussing the Plans and Progress of Achieving Such Targerts
4
Blended Rationale: A vote FOR this resolution is warranted, as adoption of GHG emissions reduction goals and reporting on plans to achieve such goals would inform shareholders as to the specific policies, practices, or systems the company may implement to manage its GHG emissions. Creating and reporting quantitative goals would also allow shareholders to better evaluate the company's related emissions performance and the effectiveness of any mitigation measures the company may implement to manage these activities.
SH ForForAgainstSP 2: Redefine the Bank's Purpose and Undertakings
5
Blended Rationale: A vote FOR this proposal is warranted as shareholders would benefit from an alignment with the environmental and social goals of the Business Roundtable statement on purpose of a corporation.
SH ForForAgainstSP 3: Produce a Report on Loans Made by the Bank in Support of the Circular Economy
6
Blended Rationale: A vote FOR this proposal is warranted as shareholders would benefit from additional information regarding the company's sustainability commitments and management of related risks.
Vote Summary Report
Date range covered: 04/01/2021 to 06/30/2021
Location(s): Triasima Portfolio Management Inc.
Institution Account(s): FDS DE PLACEMENT FMOQ
Royal Bank of Canada
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
SH AgainstAgainstAgainstSP 4: Adopt a Diversity Target Higher than 40% for the Composition of the Board of Directors for the Next Five Years
7
Blended Rationale: Vote AGAINST this shareholder proposal as the prescriptive nature of the proposal, which mandates an increase in the presence of women on the board to 40 percent over a five-year period, establishes a quota that could hinder the company from nominating the most suitable individuals and seems unnecessary because the Bank already exceeds this target and has recently increased its gender diversity target, demonstrating a strong commitment to board gender diversity.
1.1 Elect Director Nora A. Aufreiter Mgmt For For For
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Guillermo E. Babatz 1.2
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Scott B. Bonham 1.3
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Lynn K. Patterson 1.4
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Michael D. Penner 1.5
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Brian J. Porter 1.6
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Una M. Power 1.7
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Aaron W. Regent 1.8
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Calin Rovinescu 1.9
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Vote Summary Report
Date range covered: 04/01/2021 to 06/30/2021
Location(s): Triasima Portfolio Management Inc.
Institution Account(s): FDS DE PLACEMENT FMOQ
The Bank of Nova Scotia
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Mgmt ForForForElect Director Susan L. Segal 1.10
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director L. Scott Thomson 1.11
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Benita M. Warmbold 1.12
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForRatify KPMG LLP as Auditors 2
Blended Rationale: Vote FOR the ratification of KPMG LLP as auditor as non-audit fees (1 percent) were reasonable relative to total fees paid to the auditor.
Mgmt AgainstAgainstForAdvisory Vote on Executive Compensation Approach
3
Blended Rationale: A vote AGAINST this non-binding advisory vote is warranted at this time.The quantitative pay-for-performance screen has identified a high concern driven by the bank's relative degree of pay-and-performance alignment (RDA), measured against a comparable group of companies. This comes after in last year's report, Sustainability Advisory Services identified a medium concern driven by RDA as well. As such, it appears the misalignment between company performance and CEO pay increased.While the CEO's total direct compensation decreased by 7 percent over the last fiscal year, a comparison of the bank's pay-for-performance against its banking peers shows a misalignment. The bank's one-, three-, and five-year TSR was the lowest among its banking peers, while the CEO's compensation was ranked near the top. An assessment of the bank's operational performance against its banking peers, as measured by operating leverage and ROE shows similar underperformance. Additionally, EPS, another key performance metric used in setting variable compensation, has been declining as well and went from $6.90 in 2018, to $6.72 in 2019, to $5.43 in 2020. The bank's business performance factor used to establish the CEO's variable compensation is based on these same operational metrics and was only reduced by three factor points (from 91 to 88) based on relative performance. The bank's achievement of a business performance score of 91 prior to adjustment indicates that the bank appears to have set relatively low performance targets. Furthermore, the bank's fiscal 2020 targets were set below the actual results achieved in fiscal 2019. In addition, unlike prior years, the bank did not disclose target thresholds for STIP metrics. In light of the aforementioned, there appears to be a pay-for-performance disconnect at this time.
MgmtShareholder Proposals
SH ForForAgainstSP 1: Produce a Report on Loans Made by the Bank in Support of the Circular Economy
4.4
Blended Rationale: A vote FOR this proposal is warranted as shareholders would benefit from additional information regarding the company's sustainability commitments and management of related risks
SH AgainstAgainstAgainstSP 2: Disclose the Compensation Ratio (Equity Ratio) Used by the Compensation Committee
4.5
Blended Rationale: A vote AGAINST this proposal is warranted as emphasis should be placed on establishing compensation programs which are designed to promote pay for performance, taking compensation risk into account, for generating long-term, sustainable growth for shareholders.
Vote Summary Report
Date range covered: 04/01/2021 to 06/30/2021
Location(s): Triasima Portfolio Management Inc.
Institution Account(s): FDS DE PLACEMENT FMOQ
The Bank of Nova Scotia
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
SH AgainstAgainstAgainstSP 3: Set a Diversity Target of More than 40% of the Board Members for the Next Five Years
4.6
Blended Rationale: Vote AGAINST this shareholder proposal as the prescriptive nature of the proposal, which mandates an increase in the presence of women on the board to 40 percent over a five-year period, establishes a quota that could hinder the company from nominating the most suitable individuals and seems unnecessary because the bank has consistently demonstrated a strong commitment to board gender diversity by exceeding its own targets, with representation of women on the board above the 40 percent mark.
1 Ratify Deloitte LLP as Auditors Mgmt For For For
Blended Rationale: Vote FOR the ratification of Deloitte LLP as auditor as non-audit fees (0 percent) were reasonable relative to total fees paid to the auditor.
Mgmt ForForForAdvisory Vote on Executive Compensation Approach
2
Blended Rationale: Vote FOR this non-binding advisory vote as there are no significant issues at this time.
Mgmt ForForForElect Director John Baird 3.1
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Isabelle Courville 3.2
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Keith E. Creel 3.3
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Gillian (Jill) H. Denham 3.4
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Edward R. Hamberger 3.5
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Rebecca MacDonald 3.6
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Vote Summary Report
Date range covered: 04/01/2021 to 06/30/2021
Location(s): Triasima Portfolio Management Inc.
Institution Account(s): FDS DE PLACEMENT FMOQ
Canadian Pacific Railway Limited
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Mgmt ForForForElect Director Edward L. Monser 3.7
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Matthew H. Paull 3.8
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Jane L. Peverett 3.9
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Andrea Robertson 3.10
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Gordon T. Trafton 3.11
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForApprove Share Split 4
Blended Rationale: Vote FOR this stock split as it could increase market liquidity and expand the potential capital base of the company.
MgmtShareholder Proposal
SH ForForForSP: Hold an Annual Non-Binding Advisory Vote on Climate Change
5
Blended Rationale: Vote FOR the proposal.CP is committed to publishing a Reduction Plan in 2021 and issuing an annual report on its progress, regardless of vote outcome. However, the shareholder proposal, if passed, will allow shareholders an additional channel to opine on the company's climate plans every year. It gives shareholders access to an annual non-binding, advisory vote on the progress made on "Reduction Plan" and any changes the company may propose to the CP Climate Strategy.
1.1 Elect Director Maryse Bertrand Mgmt For For For
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Pierre Blouin 1.2
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Vote Summary Report
Date range covered: 04/01/2021 to 06/30/2021
Location(s): Triasima Portfolio Management Inc.
Institution Account(s): FDS DE PLACEMENT FMOQ
National Bank of Canada
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Mgmt ForForForElect Director Pierre Boivin 1.3
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Manon Brouillette 1.4
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Yvon Charest 1.5
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Patricia Curadeau-Grou 1.6
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Laurent Ferreira 1.7
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Jean Houde 1.8
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Karen Kinsley 1.9
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Rebecca McKillican 1.10
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Robert Pare 1.11
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Lino A. Saputo 1.12
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Andree Savoie 1.13
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Macky Tall 1.14
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Pierre Thabet 1.15
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Louis Vachon 1.16
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForAdvisory Vote on Executive Compensation Approach
2
Blended Rationale: Vote FOR this non-binding advisory vote as there are no significant issues at this time.
Vote Summary Report
Date range covered: 04/01/2021 to 06/30/2021
Location(s): Triasima Portfolio Management Inc.
Institution Account(s): FDS DE PLACEMENT FMOQ
National Bank of Canada
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Mgmt ForForForRatify Deloitte LLP as Auditors 3
Blended Rationale: Vote FOR the ratification of Deloitte LLP as auditor as non-audit fees (7 percent) were reasonable relative to total fees paid to the auditor.
Mgmt ForForForRe-approve Stock Option Plan 4
Blended Rationale: Based on the Equity Plan Score Card evaluation (EPSC), vote FOR this stock option plan.
1.1 Elect Director Leslie Abi-Karam Mgmt For For For
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Alain Bedard 1.2
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Andre Berard 1.3
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Lucien Bouchard 1.4
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director William T. England 1.5
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Diane Giard 1.6
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Richard Guay 1.7
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Debra Kelly-Ennis 1.8
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Neil D. Manning 1.9
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Vote Summary Report
Date range covered: 04/01/2021 to 06/30/2021
Location(s): Triasima Portfolio Management Inc.
Institution Account(s): FDS DE PLACEMENT FMOQ
TFI International Inc.
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Mgmt ForForForElect Director Joey Saputo 1.10
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Rosemary Turner 1.11
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForApprove KPMG LLP as Auditors and Authorize Board to Fix Their Remuneration
2
Blended Rationale: Vote FOR the ratification of KPMG LLP as auditor as non-audit fees (22 percent) were reasonable relative to total fees paid to the auditor.
1.1 Elect Director Leona Aglukkaq Mgmt For For For
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Sean Boyd 1.2
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Martine A. Celej 1.3
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Robert J. Gemmell 1.4
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Mel Leiderman 1.5
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Deborah McCombe 1.6
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director James D. Nasso 1.7
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Sean Riley 1.8
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Vote Summary Report
Date range covered: 04/01/2021 to 06/30/2021
Location(s): Triasima Portfolio Management Inc.
Institution Account(s): FDS DE PLACEMENT FMOQ
Agnico Eagle Mines Limited
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Mgmt ForForForElect Director J. Merfyn Roberts 1.9
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Jamie C. Sokalsky 1.10
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForApprove Ernst & Young LLP as Auditors and Authorize Board to Fix Their Remuneration
2
Blended Rationale: Vote FOR the ratification of Ernst & Young LLP as auditor as non-audit fees (15 percent) were reasonable relative to total fees paid to the auditor.
Mgmt ForForForAmend Stock Option Plan 3
Blended Rationale: Based on the Equity Plan Score Card evaluation (EPSC), vote FOR this stock option plan.
Mgmt ForForForAdvisory Vote on Executive Compensation Approach
4
Blended Rationale: Vote FOR this non-binding advisory vote.The initial quantitative pay-for-performance screen identified a high concern driven by MOM and RDA; however, the concern level has been reduced to medium based on the following factors:* Compared to the company self-selected peer group, the CEO total compensation multiple of the median (MOM) is 1.97 which is below the threshold of 2.50 based on which the medium concern is triggered under Sustainability Advisory Services quantitative screening. The 2020 CEO pay was 2.76 times the median when compared to Sustainability Advisory Services group, which resulted in a medium concern under MOM factor.* In addition, some of the company's operational performance metrics such as return on investment was at or above the median of its own peers over last two years, while the company's percent rank ranged between P40 to P73 with respect to EBITDA margin in the last three years.* In consideration of the CEO compensation structure, the total compensation increase in 2020 is mainly driven by equity grants which is 50% performance-contingent with disclosed targets. The annual bonus reduced by 18 percent as compared to 2019 with disclosure of the performance metrics.* The average difference in total direct compensation awarded to the CEO as compared to realized value over the last five years (at 27%) relates directly to average total shareholder return over that same period (at 26%).
1.1 Elect Director D. Mark Bristow Mgmt For For For
Blended Rationale: Significant risks to shareholders stemming from severe ESG controversies have been identified at the company, which reflects a failure by the board to proficiently guard against and manage material environmental, social and governance risks.* WITHHOLD votes for board chair John Thornton are warranted given that the chair of the board ultimately shoulders the most responsibility amongst all board members for failing to effectively supervise the management of risks to the company and its shareholders, and should therefore be held the most accountable for poor board oversight of ESG risk exposures at the firm.Votes FOR the remaining director nominees are warranted.
Vote Summary Report
Date range covered: 04/01/2021 to 06/30/2021
Location(s): Triasima Portfolio Management Inc.
Institution Account(s): FDS DE PLACEMENT FMOQ
Barrick Gold Corporation
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Mgmt ForForForElect Director Gustavo A. Cisneros 1.2
Blended Rationale: Significant risks to shareholders stemming from severe ESG controversies have been identified at the company, which reflects a failure by the board to proficiently guard against and manage material environmental, social and governance risks.* WITHHOLD votes for board chair John Thornton are warranted given that the chair of the board ultimately shoulders the most responsibility amongst all board members for failing to effectively supervise the management of risks to the company and its shareholders, and should therefore be held the most accountable for poor board oversight of ESG risk exposures at the firm.Votes FOR the remaining director nominees are warranted.
Mgmt ForForForElect Director Christopher L. Coleman 1.3
Blended Rationale: Significant risks to shareholders stemming from severe ESG controversies have been identified at the company, which reflects a failure by the board to proficiently guard against and manage material environmental, social and governance risks.* WITHHOLD votes for board chair John Thornton are warranted given that the chair of the board ultimately shoulders the most responsibility amongst all board members for failing to effectively supervise the management of risks to the company and its shareholders, and should therefore be held the most accountable for poor board oversight of ESG risk exposures at the firm.Votes FOR the remaining director nominees are warranted.
Mgmt ForForForElect Director J. Michael Evans 1.4
Blended Rationale: Significant risks to shareholders stemming from severe ESG controversies have been identified at the company, which reflects a failure by the board to proficiently guard against and manage material environmental, social and governance risks.* WITHHOLD votes for board chair John Thornton are warranted given that the chair of the board ultimately shoulders the most responsibility amongst all board members for failing to effectively supervise the management of risks to the company and its shareholders, and should therefore be held the most accountable for poor board oversight of ESG risk exposures at the firm.Votes FOR the remaining director nominees are warranted.
Mgmt ForForForElect Director Brian L. Greenspun 1.5
Blended Rationale: Significant risks to shareholders stemming from severe ESG controversies have been identified at the company, which reflects a failure by the board to proficiently guard against and manage material environmental, social and governance risks.* WITHHOLD votes for board chair John Thornton are warranted given that the chair of the board ultimately shoulders the most responsibility amongst all board members for failing to effectively supervise the management of risks to the company and its shareholders, and should therefore be held the most accountable for poor board oversight of ESG risk exposures at the firm.Votes FOR the remaining director nominees are warranted.
Mgmt ForForForElect Director J. Brett Harvey 1.6
Blended Rationale: Significant risks to shareholders stemming from severe ESG controversies have been identified at the company, which reflects a failure by the board to proficiently guard against and manage material environmental, social and governance risks.* WITHHOLD votes for board chair John Thornton are warranted given that the chair of the board ultimately shoulders the most responsibility amongst all board members for failing to effectively supervise the management of risks to the company and its shareholders, and should therefore be held the most accountable for poor board oversight of ESG risk exposures at the firm.Votes FOR the remaining director nominees are warranted.
Mgmt ForForForElect Director Anne N. Kabagambe 1.7
Blended Rationale: Significant risks to shareholders stemming from severe ESG controversies have been identified at the company, which reflects a failure by the board to proficiently guard against and manage material environmental, social and governance risks.* WITHHOLD votes for board chair John Thornton are warranted given that the chair of the board ultimately shoulders the most responsibility amongst all board members for failing to effectively supervise the management of risks to the company and its shareholders, and should therefore be held the most accountable for poor board oversight of ESG risk exposures at the firm.Votes FOR the remaining director nominees are warranted.
Vote Summary Report
Date range covered: 04/01/2021 to 06/30/2021
Location(s): Triasima Portfolio Management Inc.
Institution Account(s): FDS DE PLACEMENT FMOQ
Barrick Gold Corporation
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Mgmt ForForForElect Director Andrew J. Quinn 1.8
Blended Rationale: Significant risks to shareholders stemming from severe ESG controversies have been identified at the company, which reflects a failure by the board to proficiently guard against and manage material environmental, social and governance risks.* WITHHOLD votes for board chair John Thornton are warranted given that the chair of the board ultimately shoulders the most responsibility amongst all board members for failing to effectively supervise the management of risks to the company and its shareholders, and should therefore be held the most accountable for poor board oversight of ESG risk exposures at the firm.Votes FOR the remaining director nominees are warranted.
Mgmt ForForForElect Director M. Loreto Silva 1.9
Blended Rationale: Significant risks to shareholders stemming from severe ESG controversies have been identified at the company, which reflects a failure by the board to proficiently guard against and manage material environmental, social and governance risks.* WITHHOLD votes for board chair John Thornton are warranted given that the chair of the board ultimately shoulders the most responsibility amongst all board members for failing to effectively supervise the management of risks to the company and its shareholders, and should therefore be held the most accountable for poor board oversight of ESG risk exposures at the firm.Votes FOR the remaining director nominees are warranted.
Mgmt WithholdWithholdForElect Director John L. Thornton 1.10
Blended Rationale: Significant risks to shareholders stemming from severe ESG controversies have been identified at the company, which reflects a failure by the board to proficiently guard against and manage material environmental, social and governance risks.* WITHHOLD votes for board chair John Thornton are warranted given that the chair of the board ultimately shoulders the most responsibility amongst all board members for failing to effectively supervise the management of risks to the company and its shareholders, and should therefore be held the most accountable for poor board oversight of ESG risk exposures at the firm.Votes FOR the remaining director nominees are warranted.
Mgmt ForForForApprove Pricewaterhousecoopers LLP as Auditors and Authorize Board to Fix Their Remuneration
2
Blended Rationale: Vote FOR the ratification of PricewaterhouseCoopers LLP as auditor as non-audit fees (9 percent) were reasonable relative to total fees paid to the auditor.
Mgmt ForForForAdvisory Vote on Executive Compensation Approach
3
Blended Rationale: Vote FOR this non-binding advisory vote as there are no significant issues at this time.
Mgmt ForForForApprove Reduction in Stated Capital 4
Blended Rationale: Vote FOR this reduction in stated capital as this accounting request will not affect the value of the company or the shares, and should better reflect the company's actual capitalization and shareholder's equity.
1.1 Elect Director Fernando Rafael Assing Mgmt For For For
Vote Summary Report
Date range covered: 04/01/2021 to 06/30/2021
Location(s): Triasima Portfolio Management Inc.
Institution Account(s): FDS DE PLACEMENT FMOQ
Enerflex Ltd.
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Robert S. Boswell 1.2
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Maureen Cormier Jackson 1.3
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director W. Byron Dunn 1.4
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director H. Stanley Marshall 1.5
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Kevin J. Reinhart 1.6
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Marc E. Rossiter 1.7
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Stephen J. Savidant 1.8
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Juan Carlos Villegas 1.9
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Michael A. Weill 1.10
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Helen J. Wesley 1.11
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForApprove Ernst & Young LLP as Auditors and Authorize Board to Fix Their Remuneration
2
Blended Rationale: Vote FOR the ratification of Ernst & Young LLP as auditor as non-audit fees (24 percent) were reasonable relative to total fees paid to the auditor.
Mgmt ForForForAdvisory Vote on Executive Compensation Approach
3
Blended Rationale: Vote FOR this non-binding advisory vote as there are no significant issues at this time.
1.1 Elect Director Andre Courville Mgmt For For For
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Lise Croteau 1.2
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Patrick Decostre 1.3
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Ghyslain Deschamps 1.4
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Marie-Claude Dumas 1.5
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Marie Giguere 1.6
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Edward H. Kernaghan 1.7
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Patrick Lemaire 1.8
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Alain Rhéaume 1.9
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Zin Smati 1.10
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Dany St-Pierre 1.11
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForRatify PricewaterhouseCoopers LLP as Auditors
2
Blended Rationale: Vote FOR the ratification of PricewaterhouseCoopers LLP as auditor as non-audit fees (6 percent) were reasonable relative to total fees paid to the auditor.
Mgmt ForForForAdvisory Vote on Executive Compensation Approach
3
Blended Rationale: Vote FOR this non-binding advisory vote as there are no significant issues at this time.
Vote Summary Report
Date range covered: 04/01/2021 to 06/30/2021
Location(s): Triasima Portfolio Management Inc.
Institution Account(s): FDS DE PLACEMENT FMOQ
Boralex Inc.
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Mgmt ForForForRenew Shareholder Rights Plan 4
Blended Rationale: Vote FOR the shareholder rights plan because it is a "new generation" plan that is structured to protect the interests of shareholders in the event of a bid for their shares.
1.1 Elect Director Catherine M. Best Mgmt For For For
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director M. Elizabeth Cannon 1.2
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director N. Murray Edwards 1.3
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Christopher L. Fong 1.4
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Gordon D. Giffin 1.5
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Wilfred A. Gobert 1.6
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Steve W. Laut 1.7
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Tim S. McKay 1.8
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Frank J. McKenna 1.9
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director David A. Tuer 1.10
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Vote Summary Report
Date range covered: 04/01/2021 to 06/30/2021
Location(s): Triasima Portfolio Management Inc.
Institution Account(s): FDS DE PLACEMENT FMOQ
Canadian Natural Resources Limited
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Mgmt ForForForElect Director Annette M. Verschuren 1.11
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForApprove PricewaterhouseCoopers LLP as Auditors and Authorize Board to Fix Their Remuneration
2
Blended Rationale: Vote FOR the ratification of PricewaterhouseCoopers LLP as auditor as non-audit fees (9 percent) were reasonable relative to total fees paid to the auditor.
Mgmt ForForForAdvisory Vote on Executive Compensation Approach
3
Blended Rationale: Vote FOR this non-binding advisory vote as there are no significant issues at this time.
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Sylvie Lemaire 1.2
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Elise Pelletier 1.3
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Sylvie Vachon 1.4
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Mario Plourde 1.5
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Michelle Cormier 1.6
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Martin Couture 1.7
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Vote Summary Report
Date range covered: 04/01/2021 to 06/30/2021
Location(s): Triasima Portfolio Management Inc.
Institution Account(s): FDS DE PLACEMENT FMOQ
Cascades Inc.
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Mgmt ForForForElect Director Patrick Lemaire 1.8
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Hubert T. Lacroix 1.9
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Melanie Dunn 1.10
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Nelson Gentiletti 1.11
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Elif Levesque 1.12
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForApprove PricewaterhouseCoopers LLP as Auditors and Authorize Board to Fix Their Remuneration
2
Blended Rationale: Vote FOR the ratification of PricewaterhouseCoopers LLP as auditor as non-audit fees (0 percent) were reasonable relative to total fees paid to the auditor.
Mgmt ForForForAdvisory Vote on Executive Compensation Approach
3
Blended Rationale: Vote FOR this non-binding advisory vote as there are no significant issues at this time.
Mgmt ForForForAmend Articles of Incorporation 4
Blended Rationale: VOTE RECOMMENDATIONVote FOR the proposed resolution as the amendments are not objectionable from a corporate governance perspective.BACKGROUND INFORMATIONPolicies: By-laws & Articles (TSX)Vote Requirement: Two-thirds of votes cast
SH AgainstAgainstAgainstApprove Shareholder Proposal A-1 Re: Corporate Purpose and Commitment
5
Blended Rationale: A vote AGAINST this shareholder proposal is recommended at this time as the company appears to already have a clearly defined mission statement which is in line with the BRT statement and an existing oversight system that monitors and promotes the implementation of its corporate strategy.
1 Fix Number of Directors at Nine Mgmt For For For
Vote Summary Report
Date range covered: 04/01/2021 to 06/30/2021
Location(s): Triasima Portfolio Management Inc.
Institution Account(s): FDS DE PLACEMENT FMOQ
First Quantum Minerals Ltd.
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Blended Rationale: Vote FOR this routine resolution.
Mgmt ForForForElect Director Philip K.R. Pascall 2.1
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director G. Clive Newall 2.2
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Kathleen A. Hogenson 2.3
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Peter St. George 2.4
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Andrew B. Adams 2.5
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Robert J. Harding 2.6
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Simon J. Scott 2.7
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Joanne K. Warner 2.8
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Charles Kevin McArthur 2.9
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForApprove PricewaterhouseCoopers LLP as Auditors and Authorize Board to Fix Their Remuneration
3
Blended Rationale: Vote FOR the ratification of PricewaterhouseCoopers LLP (Canada) as auditor as non-audit fees (8 percent) were reasonable relative to total fees paid to the auditor.
Mgmt ForForForAdvisory Vote on Executive Compensation Approach
4
Blended Rationale: Vote FOR this non-binding advisory vote as there are no significant issues at this time.
1.1 Elect Director Ian M. Fillinger Mgmt For For For
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Christopher R. Griffin 1.2
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Jeane L. Hull 1.3
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Rhonda D. Hunter 1.4
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Gordon H. MacDougall 1.5
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director J. Eddie McMillan 1.6
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Thomas V. Milroy 1.7
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Gillian L. Platt 1.8
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Lawrence Sauder 1.9
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Curtis M. Stevens 1.10
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Douglas W.G. Whitehead 1.11
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForApprove KPMG LLP as Auditors and Authorize Board to Fix Their Remuneration
2
Blended Rationale: Vote FOR the ratification of KPMG LLP as auditor as non-audit fees (11 percent) were reasonable relative to total fees paid to the auditor.
Mgmt ForForForAdvisory Vote on Executive Compensation Approach
3
Blended Rationale: Vote FOR this non-binding advisory vote as there are no significant issues at this time.
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Mary S. Chan 1B
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director V. Peter Harder 1C
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Seetarama S. Kotagiri 1D
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Kurt J. Lauk 1E
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Robert F. MacLellan 1F
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Mary Lou Maher 1G
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Cynthia A. Niekamp 1H
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director William A. Ruh 1I
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Indira V. Samarasekera 1J
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Lisa S. Westlake 1K
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director William L. Young 1L
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForApprove Deloitte LLP as Auditors and Authorize the Audit Committee to Fix Their Remuneration
2
Blended Rationale: Vote FOR the ratification of Deloitte LLP as auditor as non-audit fees (10 percent) were reasonable relative to total fees paid to the auditor.
Vote Summary Report
Date range covered: 04/01/2021 to 06/30/2021
Location(s): Triasima Portfolio Management Inc.
Institution Account(s): FDS DE PLACEMENT FMOQ
Magna International Inc.
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Mgmt ForForForAdvisory Vote on Executive Compensation Approach
3
Blended Rationale: Vote FOR this non-binding advisory vote as there are no significant issues at this time.The quantitative pay-for-performance screen identified a medium concern. Nevertheless, compared to the previous year, it appears the company has made improvements to its compensation practices along with improved TSR performance. Overall the company has demonstrated adequate stewardship of investor's interests regarding executive compensation.
1.1 Elect Director Nicole S. Arnaboldi Mgmt For For For
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Guy L.T. Bainbridge 1.2
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Joseph P. Caron 1.3
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director John M. Cassaday 1.4
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Susan F. Dabarno 1.5
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Julie E. Dickson 1.6
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Sheila S. Fraser 1.7
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Roy Gori 1.8
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Tsun-yan Hsieh 1.9
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Vote Summary Report
Date range covered: 04/01/2021 to 06/30/2021
Location(s): Triasima Portfolio Management Inc.
Institution Account(s): FDS DE PLACEMENT FMOQ
Manulife Financial Corp.
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Mgmt ForForForElect Director Donald R. Lindsay 1.10
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director John R.V. Palmer 1.11
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director C. James Prieur 1.12
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Andrea S. Rosen 1.13
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Leagh E. Turner 1.14
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForRatify Ernst & Young LLP as Auditors 2
Blended Rationale: Vote FOR the ratification of Ernst & Young LLP as auditor as non-audit fees (3 percent) were reasonable relative to total fees paid to the auditor.
Mgmt ForForForAdvisory Vote on Executive Compensation Approach
3
Blended Rationale: Vote FOR this non-binding advisory vote.The quantitative pay-for-performance screen has identified a high concern which upon further quantitative and qualitative analysis of the company's compensation structure and practices has been reduced to medium for the following reasons:* Realized / realizable pay appears to track company performance;* Operational performance as measured by certain metrics, such as ROE, has shown an improving trend over the last five years on a standalone basis and vs peers;* 3- and 5-year TSR vs self-selected peers is near the peer median while CEO pay has also remained near the peer median;* Changes to the company LTIP program for 2021 appear designed to further align CEO pay with company performance.
1.1 Elect Director Donald K. Charter Mgmt For For For
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director C. Ashley Heppenstall 1.2
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Vote Summary Report
Date range covered: 04/01/2021 to 06/30/2021
Location(s): Triasima Portfolio Management Inc.
Institution Account(s): FDS DE PLACEMENT FMOQ
Lundin Mining Corporation
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Mgmt ForForForElect Director Marie Inkster 1.3
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Peter C. Jones 1.4
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Jack O. Lundin 1.5
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Lukas H. Lundin 1.6
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Dale C. Peniuk 1.7
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Karen P. Poniachik 1.8
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Catherine J. G. Stefan 1.9
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForApprove PricewaterhouseCoopers LLP as Auditors and Authorize Board to Fix Their Remuneration
2
Blended Rationale: Vote FOR the ratification of PricewaterhouseCoopers LLP as auditor as non-audit fees (4 percent) were reasonable relative to total fees paid to the auditor.
Mgmt ForForForAdvisory Vote on Executive Compensation Approach
3
Blended Rationale: Vote FOR this non-binding advisory vote as there are no significant issues at this time.
Mgmt ForForForAmend By-law No. 1 4
Blended Rationale: Vote FOR the proposed by-laws as no significant governance concerns have been identified.
1.1 Elect Director R. H. (Dick) Auchinleck Mgmt For For For
Vote Summary Report
Date range covered: 04/01/2021 to 06/30/2021
Location(s): Triasima Portfolio Management Inc.
Institution Account(s): FDS DE PLACEMENT FMOQ
TELUS Corporation
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Raymond T. Chan 1.2
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Hazel Claxton 1.3
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Lisa de Wilde 1.4
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Darren Entwistle 1.5
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Thomas E. Flynn 1.6
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Mary Jo Haddad 1.7
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Kathy Kinloch 1.8
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Christine Magee 1.9
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director John Manley 1.10
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director David Mowat 1.11
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Marc Parent 1.12
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Denise Pickett 1.13
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director W. Sean Willy 1.14
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForApprove Deloitte LLP as Auditors and Authorize Board to Fix Their Remuneration
2
Blended Rationale: Vote FOR the ratification of Deloitte LLP as auditor as non-audit fees (7 percent) were reasonable relative to total fees paid to the auditor.
Vote Summary Report
Date range covered: 04/01/2021 to 06/30/2021
Location(s): Triasima Portfolio Management Inc.
Institution Account(s): FDS DE PLACEMENT FMOQ
TELUS Corporation
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Mgmt ForForForAdvisory Vote on Executive Compensation Approach
3
Blended Rationale: Vote FOR this non-binding advisory vote as there are no significant issues at this time.
Mgmt ForForForAmend Deferred Share Unit Plan 4
Blended Rationale: Vote FOR the Deferred Share Unit (DSU) Plan as the total potential dilution of the plan, combined the company's other equity compensation plans, is not greater than 10 percent (9.1 percent).
1.1 Elect Director Vicki L. Avril-Groves Mgmt For For For
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director James E.C. Carter 1.2
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Jacynthe Cote 1.3
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Nicholas Hartery 1.4
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Mary Lou Kelley 1.5
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Andres J. Kuhlmann 1.6
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Harold N. Kvisle 1.7
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Stuart L. Levenick 1.8
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Kathleen M. O'Neill 1.9
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Vote Summary Report
Date range covered: 04/01/2021 to 06/30/2021
Location(s): Triasima Portfolio Management Inc.
Institution Account(s): FDS DE PLACEMENT FMOQ
Finning International Inc.
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Mgmt ForForForElect Director Christopher W. Patterson 1.10
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Edward R. Seraphim 1.11
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director L. Scott Thomson 1.12
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForApprove Deloitte LLP as Auditors and Authorize Board to Fix Their Remuneration
2
Blended Rationale: Vote FOR the ratification of Deloitte LLP as auditor as non-audit fees (5 percent) were reasonable relative to total fees paid to the auditor.
Mgmt ForForForAdvisory Vote on Executive Compensation Approach
3
Blended Rationale: Vote FOR this non-binding advisory vote as there are no significant issues at this time.
Mgmt ForForForAmend By-Law No. 1 4
Blended Rationale: Vote FOR the proposed by-laws as no significant governance concerns have been identified.
Blended Rationale: Vote FOR this resolution as the ability of shareholders to cast informed votes for the election of directors is considered to be the most important use of the shareholder franchise and this provision is reasonably structured.
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Brock Bulbuck 1B
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Robert Gross 1C
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director John Hartmann 1D
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Vote Summary Report
Date range covered: 04/01/2021 to 06/30/2021
Location(s): Triasima Portfolio Management Inc.
Institution Account(s): FDS DE PLACEMENT FMOQ
Boyd Group Services Inc.
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Mgmt ForForForElect Director Violet Konkle 1E
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Timothy O'Day 1F
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director William Onuwa 1G
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Sally Savoia 1H
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Robert Espey 1I
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForApprove Deloitte LLP as Auditors and Authorize Board to Fix Their Remuneration
2
Blended Rationale: Vote FOR the ratification of Deloitte LLP as auditor as non-audit fees (0 percent) were reasonable relative to total fees paid to the auditor.
Mgmt ForForForAdvisory Vote on Executive Compensation Approach
3
Blended Rationale: Vote FOR this non-binding advisory vote as there are no significant issues at this time.
Mgmt ForForForFix Number of Directors at Nine 4
Blended Rationale: Vote FOR this routine resolution.
Mgmt ForForForApprove Stock Option Plan 5
Blended Rationale: Based on the Equity Plan Score Card evaluation (EPSC), vote FOR this stock option plan.
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Susan Ericksen 1.2
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Vote Summary Report
Date range covered: 04/01/2021 to 06/30/2021
Location(s): Triasima Portfolio Management Inc.
Institution Account(s): FDS DE PLACEMENT FMOQ
Equitable Group Inc.
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Mgmt ForForForElect Director Diane Giard 1.3
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Kishore Kapoor 1.4
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Yongah Kim 1.5
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director David LeGresley 1.6
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Lynn McDonald 1.7
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Andrew Moor 1.8
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Rowan Saunders 1.9
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Vincenza Sera 1.10
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Michael Stramaglia 1.11
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForApprove KPMG LLP as Auditors and Authorize Board to Fix Their Remuneration
2
Blended Rationale: Vote FOR the ratification of KPMG LLP as auditor as non-audit fees (1 percent) were reasonable relative to total fees paid to the auditor.
Mgmt ForForForAllow Shareholder Meetings to be Held in Virtual-Only Format
3
Blended Rationale: Vote FOR the amendment of By-Law No. 1 to allow meetings of shareholders to be held virtually.
1.1 Elect Director Charles Brindamour Mgmt For For For
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Janet De Silva 1.2
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Claude Dussault 1.3
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Jane E. Kinney 1.4
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Robert G. Leary 1.5
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Sylvie Paquette 1.6
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Timothy H. Penner 1.7
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Stuart J. Russell 1.8
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Indira V. Samarasekera 1.9
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Frederick Singer 1.10
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Carolyn A. Wilkins 1.11
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director William L. Young 1.12
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForRatify Ernst & Young LLP as Auditors 2
Blended Rationale: Vote FOR the ratification of Ernst & Young LLP as auditor as non-audit fees (6 percent) were reasonable relative to total fees paid to the auditor.
Vote Summary Report
Date range covered: 04/01/2021 to 06/30/2021
Location(s): Triasima Portfolio Management Inc.
Institution Account(s): FDS DE PLACEMENT FMOQ
Intact Financial Corporation
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Mgmt ForForForAllow Board to Appoint Additional Directors Up to a Maximum of One Third of the Number of Directors Elected at the Previous Meeting
3
Blended Rationale: Vote FOR this routine resolution.
Mgmt ForForForAdvisory Vote on Executive Compensation Approach
4
Blended Rationale: Vote FOR this non-binding advisory vote as there are no significant issues at this time.
Mgmt ForForForApprove Stock Option Plan 5
Blended Rationale: Based on the Equity Plan Score Card evaluation (EPSC), vote FOR this stock option plan.
1 Fix Number of Directors at Five Mgmt For For For
Blended Rationale: Vote FOR this routine resolution.
Mgmt ForForForElect Director Dennis A. Dawson 2.1
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Debra A. Gerlach 2.2
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Stacey E. McDonald 2.3
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director James W. Surbey 2.4
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director A. Jeffery Tonken 2.5
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForApprove KPMG LLP as Auditors and Authorize Board to Fix Their Remuneration
3
Blended Rationale: Vote FOR the ratification of KPMG LLP as auditor as non-audit fees (6 percent) were reasonable relative to total fees paid to the auditor.
Blended Rationale: Vote FOR this routine resolution.
Mgmt ForForForElect Director Thomas M. Alford 2A
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Trudy M. Curran 2B
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Bradley P.D. Fedora 2C
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Michael J. McNulty 2D
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Michael B. Rapps 2E
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Deborah S. Stein 2F
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForApprove KPMG LLP as Auditors and Authorize Board to Fix Their Remuneration
3
Blended Rationale: Vote FOR the ratification of KPMG LLP as auditor as non-audit fees (12 percent) were reasonable relative to total fees paid to the auditor.
Mgmt ForForForAdvisory Vote on Executive Compensation Approach
4
Blended Rationale: Vote FOR this non-binding advisory vote as there are no significant issues at this time.
Mgmt ForForForAdopt New By-laws 5
Blended Rationale: Vote FOR the proposed by-laws as no significant governance concerns have been identified.
1.1 Elect Director Christopher M. Burley Mgmt For For For
Blended Rationale: A vote FOR all proposed nominees is warranted.
Mgmt ForForForElect Director Maura J. Clark 1.2
Blended Rationale: A vote FOR all proposed nominees is warranted.
Mgmt ForForForElect Director Russell K. Girling 1.3
Blended Rationale: A vote FOR all proposed nominees is warranted.
Mgmt ForForForElect Director Miranda C. Hubbs 1.4
Blended Rationale: A vote FOR all proposed nominees is warranted.
Mgmt ForForForElect Director Raj S. Kushwaha 1.5
Blended Rationale: A vote FOR all proposed nominees is warranted.
Mgmt ForForForElect Director Alice D. Laberge 1.6
Blended Rationale: A vote FOR all proposed nominees is warranted.
Mgmt ForForForElect Director Consuelo E. Madere 1.7
Blended Rationale: A vote FOR all proposed nominees is warranted.
MgmtElect Director Charles V. Magro - Withdrawn Resolution
1.8
Blended Rationale: A vote FOR all proposed nominees is warranted.
Mgmt ForForForElect Director Keith G. Martell 1.9
Blended Rationale: A vote FOR all proposed nominees is warranted.
Mgmt ForForForElect Director Aaron W. Regent 1.10
Blended Rationale: A vote FOR all proposed nominees is warranted.
Mgmt ForForForElect Director Mayo M. Schmidt 1.11
Blended Rationale: A vote FOR all proposed nominees is warranted.
Mgmt ForForForElect Director Nelson Luiz Costa Silva 1.12
Blended Rationale: A vote FOR all proposed nominees is warranted.
Mgmt ForForForRatify KPMG LLP as Auditors 2
Blended Rationale: Vote FOR the ratification of KPMG LLP as auditor as non-audit fees (4 percent) were reasonable relative to total fees paid to the auditor.
Mgmt ForForForAdvisory Vote on Executive Compensation Approach
3
Blended Rationale: Vote FOR this non-binding advisory vote as there are no significant issues at this time.
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Linda L. Bertoldi 2
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Marie Bountrogianni 3
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Lisa Colnett 4
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Kevin Glass 5
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Russell Goodman 6
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Keith Halbert 7
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Helen Mallovy Hicks 8
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Ian Pearce 9
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForApprove Ernst & Young LLP as Auditors and Authorize Board to Fix Their Remuneration
10
Blended Rationale: Vote FOR the ratification of Ernst & Young LLP as auditor as non-audit fees (5 percent) were reasonable relative to total fees paid to the auditor.
Mgmt ForForForAmend Articles Re: Increase Board Range to Three to Twelve Directors and Permit Removal of All references to Class A, Shares and Class B and C Convertible Shares
11
Blended Rationale: Vote FOR the proposed amendments to the articles of amalgamation as no significant governance concerns have been identified.
Vote Summary Report
Date range covered: 04/01/2021 to 06/30/2021
Location(s): Triasima Portfolio Management Inc.
Institution Account(s): FDS DE PLACEMENT FMOQ
Northland Power Inc.
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Mgmt ForForForAdvisory Vote on Executive Compensation Approach
12
Blended Rationale: Vote FOR this non-binding advisory vote as there are no significant issues at this time.
Meeting for Class A Subordinate Voting and Class B Multiple Voting Shareholders
Mgmt
Mgmt ForForForElect Director Tobias Luetke 1A
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Robert Ashe 1B
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Gail Goodman 1C
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Colleen Johnston 1D
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Jeremy Levine 1E
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director John Phillips 1F
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForApprove PricewaterhouseCoopers LLP as Auditors and Authorize Board to Fix Their Remuneration
2
Blended Rationale: Vote FOR the ratification of PricewaterhouseCoopers LLP as auditor as non-audit fees (3 percent) were reasonable relative to total fees paid to the auditor.
Vote Summary Report
Date range covered: 04/01/2021 to 06/30/2021
Location(s): Triasima Portfolio Management Inc.
Institution Account(s): FDS DE PLACEMENT FMOQ
Shopify Inc.
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Mgmt AgainstAgainstForRe-approve Stock Option Plan 3
Blended Rationale: Based on evaluation of the estimated cost, plan features, grant practices, and overriding negative factors using the Equity Plan Score Card (EPSC), vote AGAINST this stock option plan due to the following key factor(s):* The plan provides for discretionary non-employee director participation;* The plan's detailed amendment provision does not sufficiently limit the board's ability to amend the plan without shareholder approval;* The plan's estimated cost is excessive;* The company's potential dilution from equity plans is excessive;* The plan contains a problematic change-in-control provision;* The CEO's compensation package does not include performance-based equity;* The company has not adopted a clawback provision applicable to equity awards.
Mgmt AgainstAgainstForRe-approve Long Term Incentive Plan 4
Blended Rationale: Based on evaluation of the estimated cost, plan features, grant practices, and overriding negative factors using the Equity Plan Score Card (EPSC), vote AGAINST this full-value award plan due to the following key factor(s):* The plan provides for discretionary non-employee director participation;* The plan's estimated cost is excessive;* The company's potential dilution from equity plans is excessive;* The plan contains a problematic change-in-control provision;* The CEO's compensation package does not include performance-based equity;* The company has not adopted a clawback provision applicable to equity awards.
Mgmt ForForForAdvisory Vote on Executive Compensation Approach
5
Blended Rationale: While a vote FOR this non-binding advisory vote is warranted, various problematic pay practices have been evidenced including a stock option grant of US$15M to the CEO, lack of certain risk mitigating practices, and a single trigger CIC agreement. As a result, the problematic pay practices concern level has been elevated to a Medium.
Blended Rationale: WITHHOLD votes are warranted for incumbent Nominating Committee chair George Myhal for lack of gender diversity on the board.Vote FOR all other proposed nominees.
Mgmt ForForForElect Director Paul Gallagher 1.2
Blended Rationale: WITHHOLD votes are warranted for incumbent Nominating Committee chair George Myhal for lack of gender diversity on the board.Vote FOR all other proposed nominees.
Mgmt ForForForElect Director Barton Hedges 1.3
Blended Rationale: WITHHOLD votes are warranted for incumbent Nominating Committee chair George Myhal for lack of gender diversity on the board.Vote FOR all other proposed nominees.
Mgmt ForForForElect Director Greg Morrison 1.4
Blended Rationale: WITHHOLD votes are warranted for incumbent Nominating Committee chair George Myhal for lack of gender diversity on the board.Vote FOR all other proposed nominees.
Vote Summary Report
Date range covered: 04/01/2021 to 06/30/2021
Location(s): Triasima Portfolio Management Inc.
Institution Account(s): FDS DE PLACEMENT FMOQ
Trisura Group Ltd.
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Mgmt WithholdWithholdForElect Director George E. Myhal 1.5
Blended Rationale: WITHHOLD votes are warranted for incumbent Nominating Committee chair George Myhal for lack of gender diversity on the board.Vote FOR all other proposed nominees.
Mgmt ForForForElect Director Robert Taylor 1.6
Blended Rationale: WITHHOLD votes are warranted for incumbent Nominating Committee chair George Myhal for lack of gender diversity on the board.Vote FOR all other proposed nominees.
Mgmt ForForForApprove Deloitte LLP as Auditors and Authorize Board to Fix Their Remuneration
2
Blended Rationale: Vote FOR the ratification of Deloitte LLP as auditor as non-audit fees (0 percent) were reasonable relative to total fees paid to the auditor.
Mgmt ForForForApprove Share Split 3
Blended Rationale: Vote FOR this stock split as it could increase market liquidity and expand the potential capital base of the company.
Blended Rationale: Vote WITHHOLD for Douglas (Doug) French for serving as a controlling shareholder on the Audit Committee.Vote WITHHOLD for Tony Geheran and Stephen Lewis for serving as controlling shareholders on the Nominating Committee.Vote WITHHOLD for Jeffrey Puritt for serving as an executive director, Douglas (Doug) French, Tony Geheran, and Stephen Lewis for serving as controlling shareholders, and Josh Blair and Tuck Kuen (Kenneth) Cheong for serving as non-independent, non-executive directors on a non-majority independent board.Vote FOR all other proposed nominees.
Mgmt WithholdWithholdForElect Director Josh Blair 1.2
Blended Rationale: Vote WITHHOLD for Douglas (Doug) French for serving as a controlling shareholder on the Audit Committee.Vote WITHHOLD for Tony Geheran and Stephen Lewis for serving as controlling shareholders on the Nominating Committee.Vote WITHHOLD for Jeffrey Puritt for serving as an executive director, Douglas (Doug) French, Tony Geheran, and Stephen Lewis for serving as controlling shareholders, and Josh Blair and Tuck Kuen (Kenneth) Cheong for serving as non-independent, non-executive directors on a non-majority independent board.Vote FOR all other proposed nominees.
Mgmt WithholdWithholdForElect Director Kenneth Cheong 1.3
Blended Rationale: Vote WITHHOLD for Douglas (Doug) French for serving as a controlling shareholder on the Audit Committee.Vote WITHHOLD for Tony Geheran and Stephen Lewis for serving as controlling shareholders on the Nominating Committee.Vote WITHHOLD for Jeffrey Puritt for serving as an executive director, Douglas (Doug) French, Tony Geheran, and Stephen Lewis for serving as controlling shareholders, and Josh Blair and Tuck Kuen (Kenneth) Cheong for serving as non-independent, non-executive directors on a non-majority independent board.Vote FOR all other proposed nominees.
Vote Summary Report
Date range covered: 04/01/2021 to 06/30/2021
Location(s): Triasima Portfolio Management Inc.
Institution Account(s): FDS DE PLACEMENT FMOQ
TELUS International (Cda) Inc.
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Mgmt WithholdWithholdForElect Director Doug French 1.4
Blended Rationale: Vote WITHHOLD for Douglas (Doug) French for serving as a controlling shareholder on the Audit Committee.Vote WITHHOLD for Tony Geheran and Stephen Lewis for serving as controlling shareholders on the Nominating Committee.Vote WITHHOLD for Jeffrey Puritt for serving as an executive director, Douglas (Doug) French, Tony Geheran, and Stephen Lewis for serving as controlling shareholders, and Josh Blair and Tuck Kuen (Kenneth) Cheong for serving as non-independent, non-executive directors on a non-majority independent board.Vote FOR all other proposed nominees.
Mgmt WithholdWithholdForElect Director Tony Geheran 1.5
Blended Rationale: Vote WITHHOLD for Douglas (Doug) French for serving as a controlling shareholder on the Audit Committee.Vote WITHHOLD for Tony Geheran and Stephen Lewis for serving as controlling shareholders on the Nominating Committee.Vote WITHHOLD for Jeffrey Puritt for serving as an executive director, Douglas (Doug) French, Tony Geheran, and Stephen Lewis for serving as controlling shareholders, and Josh Blair and Tuck Kuen (Kenneth) Cheong for serving as non-independent, non-executive directors on a non-majority independent board.Vote FOR all other proposed nominees.
Mgmt WithholdWithholdForElect Director Stephen Lewis 1.6
Blended Rationale: Vote WITHHOLD for Douglas (Doug) French for serving as a controlling shareholder on the Audit Committee.Vote WITHHOLD for Tony Geheran and Stephen Lewis for serving as controlling shareholders on the Nominating Committee.Vote WITHHOLD for Jeffrey Puritt for serving as an executive director, Douglas (Doug) French, Tony Geheran, and Stephen Lewis for serving as controlling shareholders, and Josh Blair and Tuck Kuen (Kenneth) Cheong for serving as non-independent, non-executive directors on a non-majority independent board.Vote FOR all other proposed nominees.
Mgmt ForForForElect Director Sue Paish 1.7
Blended Rationale: Vote WITHHOLD for Douglas (Doug) French for serving as a controlling shareholder on the Audit Committee.Vote WITHHOLD for Tony Geheran and Stephen Lewis for serving as controlling shareholders on the Nominating Committee.Vote WITHHOLD for Jeffrey Puritt for serving as an executive director, Douglas (Doug) French, Tony Geheran, and Stephen Lewis for serving as controlling shareholders, and Josh Blair and Tuck Kuen (Kenneth) Cheong for serving as non-independent, non-executive directors on a non-majority independent board.Vote FOR all other proposed nominees.
Mgmt WithholdWithholdForElect Director Jeffrey Puritt 1.8
Blended Rationale: Vote WITHHOLD for Douglas (Doug) French for serving as a controlling shareholder on the Audit Committee.Vote WITHHOLD for Tony Geheran and Stephen Lewis for serving as controlling shareholders on the Nominating Committee.Vote WITHHOLD for Jeffrey Puritt for serving as an executive director, Douglas (Doug) French, Tony Geheran, and Stephen Lewis for serving as controlling shareholders, and Josh Blair and Tuck Kuen (Kenneth) Cheong for serving as non-independent, non-executive directors on a non-majority independent board.Vote FOR all other proposed nominees.
Mgmt ForForForApprove Deloitte LLP as Auditors and Authorize Board to Fix Their Remuneration
2
Blended Rationale: Vote FOR the ratification of Deloitte LLP as auditor as non-audit fees (7 percent) were reasonable relative to total fees paid to the auditor.
1A Elect Director Douglas P. Hayhurst Mgmt For For For
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Kui (Kevin) Jiang 1B
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Duy-Loan Le 1C
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Randy MacEwen 1D
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Marty Neese 1E
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director James Roche 1F
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Shaojun (Sherman) Sun 1G
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Janet Woodruff 1H
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForApprove KPMG LLP as Auditors and Authorize Board to Fix Their Remuneration
2
Blended Rationale: Vote FOR the ratification of KPMG LLP as auditor as non-audit fees (1 percent) were reasonable relative to total fees paid to the auditor.
Mgmt ForForForAdvisory Vote on Executive Compensation Approach
3
Blended Rationale: Vote FOR this non-binding advisory vote as there are no significant issues at this time.
Blended Rationale: A vote AGAINST this proposal is warranted as:* The estimated shareholder value transfer of the company's plans of 8.5 percent exceeds the allowable cap for this company of 4 percent.
1 Ratify Ernst & Young LLP as Auditors Mgmt For For For
Blended Rationale: Vote FOR the ratification of Ernst & Young LLP as auditor as non-audit fees (8 percent) were reasonable relative to total fees paid to the auditor.
Mgmt ForForForElect Director Christopher Ball 2.1
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Arun Banskota 2.2
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Melissa Stapleton Barnes 2.3
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Christopher Huskilson 2.4
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director D. Randy Laney 2.5
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Carol Leaman 2.6
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Kenneth Moore 2.7
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Masheed Saidi 2.8
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Dilek Samil 2.9
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForAdvisory Vote on Executive Compensation Approach
3
Blended Rationale: Vote FOR this non-binding advisory vote as there are no significant issues at this time.
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Deborah Close 1.2
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Eric A. Demirian 1.3
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Dennis Maple 1.4
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Chris Muntwyler 1.5
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Jane O'Hagan 1.6
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Edward J. Ryan 1.7
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director John J. Walker 1.8
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForApprove KPMG LLP as Auditors and Authorize Board to Fix Their Remuneration
2
Blended Rationale: Vote FOR the ratification of KPMG LLP as auditor as non-audit fees (0 percent) were reasonable relative to total fees paid to the auditor.
Mgmt ForForForAdvisory Vote on Executive Compensation Approach
3
Blended Rationale: Vote FOR this non-binding advisory vote.The quantitative pay-for-performance screen has identified a medium concern, driven by the company's multiple of peer group median (MOM). While the medium concern level has been maintained, on balance, the company has shown adequate stewardship of investor's interests regarding executive compensation.
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Michael W. Dees 1.2
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Alan E. Goldberg 1.3
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Alan Kestenbaum 1.4
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Jacob Lew 1.5
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Michael Mueller 1.6
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Heather Ross 1.7
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Indira Samarasekera 1.8
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Daryl Wilson 1.9
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForApprove KPMG LLP as Auditors and Authorize Board to Fix Their Remuneration
2
Blended Rationale: Vote FOR the ratification of KPMG LLP as auditor as non-audit fees (8 percent) were reasonable relative to total fees paid to the auditor.
Blended Rationale: Vote AGAINST this resolution as the ANP provides the board with flexibility and authority to request additional disclosure from nominees.
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Christie J.B. Clark 1.2
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Gary A. Doer 1.3
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Rob Fyfe 1.4
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Michael M. Green 1.5
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Jean Marc Huot 1.6
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Madeleine Paquin 1.7
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Michael Rousseau 1.8
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Vagn Sorensen 1.9
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Kathleen Taylor 1.10
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Annette Verschuren 1.11
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForElect Director Michael M. Wilson 1.12
Blended Rationale: Vote FOR all proposed nominees as no significant concerns have been identified at this time.
Mgmt ForForForRatify PricewaterhouseCoopers LLP as Auditors
2
Blended Rationale: Vote FOR the ratification of PricewaterhouseCoopers LLP as auditor as non-audit fees (21 percent) were reasonable relative to total fees paid to the auditor.
Vote Summary Report
Date range covered: 04/01/2021 to 06/30/2021
Location(s): Triasima Portfolio Management Inc.
Institution Account(s): FDS DE PLACEMENT FMOQ
Air Canada
Proposal Number ProponentProposal Text Mgmt Rec
VotingPolicy Rec
Vote Instruction
Mgmt ForForForAdvisory Vote on Executive Compensation Approach
3
Blended Rationale: The civil aviation industry is going through extremely difficult times amid the pandemic. The previous decision to pay out $10 million in COVID-19 bonuses to executives and mid-level managers caused significant public backlash, including the country's highest-level politicians publicly expressing their displeasure. On June 6, the company announced the top executives would return these bonuses.After considering* the company actions announced after the public backlash;* the restrictions on executive pay attached to the government financial support package;* the rationale behind the pandemic-related changes made to the long-term performance-based awards appears reasonable;* no structural modifications are made to the long-term performance-based award program and it remains a significant pay component; any post-pandemic recovery will be a multi-year effort; and* on June 10, the company announced a recall of 2,600 employees.As such, the say-on-pay resolution is supported at this time.
Mgmt ForReferNoneThe Undersigned Certifies The Shares Represented by this Proxy Are Owned And Controlled By: FOR = Canadian, ABN = Non-Canadian Holder Authorized To Provide Air Service, AGT = Non-Canadian Who Is Not A Non-Canadian Holder Authorized To Provide Air Service.
A
Blended Rationale: No recommendation is provided for this "voting" item, as the response is dependent upon a shareholder's citizenship or residency status in Canada.
Mgmt AgainstReferNoneThe Undersigned Hereby Certifies that the Shares Owned and Controlled by the Undersigned, Including the Shares Held by Persons in Affiliation with the Undersigned, Represent 10% or More of the Company's Issued and Outstanding Shares.
B
Blended Rationale: No recommendation is provided for this "voting" item, as the response is dependent upon a shareholder's citizenship or residency status in Canada.