Companies should disclose board members’ spoken languages to investors, Quebec group Médac says

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An investors’ rights group says languages spoken by companies’ board members should be divulged to ensure rising expectations for corporate diversity are being met

and Dollarama Inc. And it has submitted the suggestion to the federal Finance Department as part of recent consultations on improving diversity in federally regulated financial institutions.

, a province shaken by several linguistic controversies that have spilled into the business world in recent months.in November, 2021. Following a speech he made in English to the Chamber of Commerce of Metropolitan Montreal, Mr. Rousseau said he had managed to live in Montreal for 14 years without speaking French, and suggested he was too busy to learn the language.

“Language is the subject of public controversies which regularly, even cyclically, tarnish the reputations of several of the largest companies with regard to their behavior and their interpretations of their social responsibilities on the question,” Médac says in its brief to the Finance DepartmentThe shareholder rights group has already spoken to several companies about its proposal, and reaction has been mixed, Mr. Gagnon said.

That is an omission that needs to be corrected, according to Médac. The group argues diversity can’t be reduced to matters strictly related to biology, or other things that don’t bear on competence.

 

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