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“They have to learn how to govern the corporation. I hope that they will stay involved because it would be unfortunate if they were no longer interested and the fourth generation decides to sell everything to Boeing or Airbus. It would be unfortunate for Canada,” said Michel Nadeau, executive director of Montreal’s Institute for Governance of Private and Public Organizations.
Beaudoin will continue to lead company’s board as chairman
“It’s not what the public and institutional investors wanted. They wanted Mr. Beaudoin leaving the chairmanship,” said Michel Nadeau, executive director of the Montreal-based Institute for Private and Public Governance. “It’s a half-departure.”
Bombardier is being slammed for its "sense of entitlement" after awarding more than $32.6 million US to senior executives even as it laid off thousands of workers and sought government aid.
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Institut sur la gouvernance (IGOPP)
February 13, 2017 10:30 AM
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The federal government announced Tuesday that it would deliver $372.5 million in repayable loans to Canadian plane and train maker Bombardier. The offering is much less than the $1 billion the company originally sought from Ottawa. Still, the decision has been controversial.
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Institut sur la gouvernance (IGOPP)
February 10, 2017 9:52 AM
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There is a Chinese proverb that says He who knows he has enough is rich; but the modern Western version of the saying seems to be: One never has enough; I deserve more; or There is always someone who has more. Over the last years, we have built a system of incentives and motives so …
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Institut sur la gouvernance (IGOPP)
February 8, 2017 9:58 AM
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As the New Year rolls along, so does commentary on executive compensation. According to the Canadian Centre for Policy Alternatives, by 11:47 am on the first working day of 2017 (January 3rd) Canada’s 100 highest paid CEOs on the TSX index had earned the equivalent of the average annual Canadian wage. Shareholder votes on the… Continue Reading
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Institut sur la gouvernance (IGOPP)
January 26, 2017 11:13 AM
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Ce matin, je partage avec vous un autre excellent article d’Yvan Allaire* et de François Dauphin publié dans le Financial Post le 24 janvier. Les auteurs reviennent sur le parcours unique de l’ex-président du CN et du CP dans le domaine de la gestion des entreprises de chemins de fer. Il ressort de ce portrait que le PDG…
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Institut sur la gouvernance (IGOPP)
January 12, 2017 9:43 AM
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Institut sur la gouvernance (IGOPP)
December 12, 2016 11:30 AM
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Pershing Square, an activist hedge fund owned and managed by William Ackman, began hostile maneuvers against the board of CP Rail in September 2011 and ended it
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Institut sur la gouvernance (IGOPP)
December 7, 2016 10:13 AM
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MONTREAL, Dec. 6, 2016 /CNW Telbec/ - Alain Bouchard, one of Canada's most accomplished business figures, has been chosen to receive the International Horatio Alger Award in 2017, the Horatio Alger Association of Canada announced today.
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Institut sur la gouvernance (IGOPP)
November 21, 2016 10:06 AM
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So-called activist investors are increasingly gaining control of legacy corporations, forcing them to trim payrolls and downsize research operations—and, quite possibly, damaging the entire economy.
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Pierre Beaudoin will take pay cut and give up executive chairman role, yielding ground to demands by investors and taxpayers for governance changes on heels of controversial compensation packages
By Allison LampertMONTREAL May 11 (Reuters) - Bombardier Inc Executive Chairman Pierre Beaudoin is giving up management responsibilities after a
Bombardier Inc (BBDb.TO) should reflect on pay raises of up to 50 percent for its senior executives in light of a public backlash over company layoffs of thousands of employees, Quebec's economy minister said on Thursday.
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Institut sur la gouvernance (IGOPP)
February 14, 2017 9:34 AM
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Shareholder votes on the executive compensation disclosed in management proxy circulars (“say on pay”) are not mandated in Canada. However, according to the Institute for Governance of Private and Public Organizations, 80% of the largest Canadian companies have adopted the practice voluntarily or as a result of pressure from investors.
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Institut sur la gouvernance (IGOPP)
February 13, 2017 10:30 AM
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When times are good, dual-class shares can promote long-term thinking, but Bombardier’s case shows what can go wrong when bad management gets entrenched.
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Institut sur la gouvernance (IGOPP)
February 9, 2017 9:44 AM
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Ottawa’s &u0024;372-million bolsters balance sheet, but more cash may be needed as company tries to deliver new jets
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Institut sur la gouvernance (IGOPP)
February 8, 2017 9:57 AM
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Bombardier is getting a boost of $372.5 million from the federal government in the form of a loan, but critics — both in Quebec and in the rest of Canada — are calling it a “disappointment.”
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Institut sur la gouvernance (IGOPP)
January 25, 2017 9:40 AM
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Where the railway veteran is concerned, the secret sauce is his formidable ability to be a transformational leader in the truest meaning of that tired expression
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Institut sur la gouvernance (IGOPP)
January 12, 2017 9:42 AM
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By Martin Lipton The “New Paradigm” is an emerging corporate governance framework that derives from the recognition by corporations, their CEOs and boards of directors, and by leading institutional investors and asset managers (“investors”), that short-termism and attacks by short-term financial activists significantly impede long-term economic prosperity. The economic impact of a short-term myopic approach…
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Institut sur la gouvernance (IGOPP)
December 9, 2016 10:05 AM
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In Canada, there is one set of tax rules for corporate insiders, another for the rest of us. The stock option loophole is among the more blatant examples of this lopsided state of affairs.
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Institut sur la gouvernance (IGOPP)
November 22, 2016 10:01 AM
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Institut sur la gouvernance (IGOPP)
September 19, 2016 9:41 AM
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The practice of allowing shareholders to cast non-binding say-on-pay votes has spread quickly and broadly throughout the world.
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