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Thursday, November 6, 2025

‘New Kind of Frontier’: Shareholder Proposals on AI Becoming Increasingly Widespread

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‘New Kind of Frontier’: Shareholder Proposals on AI Becoming Increasingly Widespread

A gamer’s hand rests on an illuminated keyboard, at the Penny Arcade Expo, a fan-centric celebration of gaming in Seattle, on Aug. 29, 2014. AP Photo/Ted S. Warren

When Canada’s most valuable companies hosted their annual general meetings this year, there was a new topic for shareholders to vote on among the usual requests to appoint board members and OK their executive compensation.

The proposal from Quebec-based investor rights group le mouvement d’éducation et de défense des actionnaires centred on artificial intelligence. It asked 14 companies, including Canada’s biggest banks, retailer Dollarama Inc. and telecom giant BCE Inc., to sign a voluntary code of conduct the federal government developed to govern the technology.

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