Alimentation Couche-tard Inc.
Proposal 1
Appoint the auditor until the next annual meeting and authorize the Board of Directors to set their remuneration PricewaterhouseCoopers LLP.
Caisse vote:
For
Applicable policy or principle:
PC_05
Proposal 2
Election of Alain Bouchard as director
Caisse vote:
For
Applicable policy or principle:
PC_04_01
Proposal 2
Election of Louis Vachon as director
Caisse vote:
For
Applicable policy or principle:
PC_04_01
Proposal 2
Election of Jean Bernier as director
Caisse vote:
For
Applicable policy or principle:
PC_04_01
Proposal 2
Election of Karinne Bouchard as director
Caisse vote:
For
Applicable policy or principle:
PC_04_01
Proposal 2
Election of Eric Boyko as director
Caisse vote:
For
Applicable policy or principle:
PC_04_01
Proposal 2
Election of Jacques D'Amours as director
Caisse vote:
For
Applicable policy or principle:
PC_04_01
Proposal 2
Election of Janice L. Fields as director
Caisse vote:
For
Applicable policy or principle:
PC_04_01
Proposal 2
Election of Eric Fortin as director
Caisse vote:
For
Applicable policy or principle:
PC_04_01
Proposal 2
Election of Richard Fortin as director
Caisse vote:
For
Applicable policy or principle:
PC_04_01
Proposal 2
Election of Brian Hannasch as director
Caisse vote:
For
Applicable policy or principle:
PC_04_01
Proposal 2
Election of Mélanie Kau as director
Caisse vote:
For
Applicable policy or principle:
PC_04_01
Proposal 2
Election of Marie-Josée Lamothe as director
Caisse vote:
For
Applicable policy or principle:
PC_04_01
Proposal 2
Election of Monique F. Leroux as director
Caisse vote:
For
Applicable policy or principle:
PC_04_01
Proposal 2
Election of Réal Plourde as director
Caisse vote:
For
Applicable policy or principle:
PC_04_01
Proposal 2
Election of Daniel Rabinowicz as director
Caisse vote:
For
Applicable policy or principle:
PC_04_01
Proposal 2
Election of Louis Têtu as director
Caisse vote:
For
Applicable policy or principle:
PC_04_01
Proposal 3
Voting on our approach to executive compensation On an advisory basis and not to diminish the role and responsibilities of the board of directors that the shareholders accept the approach to executive compensation as disclosed in our 2022 management information circular.
Caisse vote:
For
Applicable policy or principle:
PC_06_06
Proposal 4
Voting on a special resolution approving the proposed amendments to articles of incorporation of the Corporation Pass a special resolution approving the adoption of the amendments to articles of incorporation of the Corporation as disclosed in our 2022 management information circular.
Caisse vote:
For
Caisse analysis:
This resolution aims to simplify the company’s articles of incorporation following the automatic conversion of class B shares into Class A shares that took place in December 2021.
Applicable policy or principle:
PC_02
Proposal 5
Shareholder proposal No.1 French as the official language.
Caisse vote:
Against
Applicable policy or principle:
PC_11
Proposal 6
Shareholder proposal No.2 Increase formal employee representation in highly strategic decision-making.
Caisse vote:
Against
Applicable policy or principle:
PC_11
Proposal 7
Shareholder proposal No.3 Women in management: promotion, advancement and rising in ranks.
Caisse vote:
Against
Applicable policy or principle:
PC_11
Proposal 8
Shareholder proposal No.4 Adoption of measures to prevent a takeover.
Caisse vote:
Against
Caisse analysis:
Our commitment to Québec companies and their growth is a cornerstone of our purpose and why we support the principle underlying the proposal, namely working to strengthen our large companies and their headquarters in Québec. However, we are voting against this proposal because it does not advance any concrete path to achieve this objective. It also does not contain any tools to complement the framework already implemented by the AMF, which provides the Board additional means to react to a takeover bid. In fact, Couche-Tard has always been a leader in adopting measures that ensure its presence and economic impact in Québec. From the very beginning, the company has demonstrated its desire to stay here and our discussions with the company confirm this. A good illustration of this orientation is the quality and almost entirely Quebecer composition of the Board, which has our full confidence. Couche-Tard has developed a strategy that positions it as an active acquirer in the international market. We want to continue supporting the company’s offensive growth strategy so it remains dominant in its sector. We will use everything at our disposal, within the framework of our mandate, to support the company.
Applicable policy or principle:
PC_11