Activist shareholders target HR issues

Fund management company forces shareholder vote on resolution to increase number of women executives at high-tech firm Open Text
By Uyen Vu
|Canadian HR Reporter|Last Updated: 05/20/2004

I

t’s a phenomenon some publicly traded companies have grown used to south of the border: activist shareholders taking an interest in social issues such as charitable donations and climate change — and employment policies.

The trend is heading north. Last month, shareholders of Waterloo, Ont.-based high-tech company Open Text voted on a resolution to increase the representation of women at board and executive levels.