At a minimum, bcIMC expects our portfolio companies to comply with the laws of Canada and international standards, including meeting - or exceeding - environmental regulations. These companies should apply best practices for corporate governance, adopt high standards of employee safety and welfare, and be responsible in their operations.
No matter where we invest for clients, our corporate governance values remain constant. For bcIMC, the essential elements of good governance are:
Proxy Voting Guidelines
inform our proxy voting activity for publicly-traded companies within our portfolios. Our private equity activities are aligned with the PRI
Responsible Investment in Private Equity
guide for limited partners. And in 2009, we endorsed the Institutional Limited Partners Association's
Private Equity Principles, which provides a framework for governance and transparency for fund investments. Assuring sound governance practices within our real estate portfolio companies is another focus area and we use the European Private Equity and Venture Capital Association (EVCA)
Corporate Governance Guidelines
as a basis.
- Boards that are equipped and motivated to protect and enhance shareholder value.
- Executive compensation that is aligned with company performance.
- High quality financial and operating disclosure.
- Rights and abilities to exercise ownership responsibilities.
||Environmental and Social Responsibility
Our Proxy Voting Guidelines
clarify our beliefs and expectations for corporate responsibility. bcIMC also encourages portfolio companies and external managers to consider adopting international standards and conventions such as the
Organization for Economic Cooperation and Development (OECD) Principles for Corporate Governance, the
International Labour Organization (ILO)'s Declaration on Fundamental Principles and Rights at Work,
United Nations Global Compact.
We believe these are reasonable codes against which companies may be held accountable.
We have endorsed the principles and criteria of the
Extractive Industries Transparency Initiative
to increase transparency and reduce bribery and corruption in financial transactions between governments and oil, gas and mining companies.
Responsible Investing Reporting