Investors for Paris Compliance filed a shareholder proposal Friday requesting TD to do an impartial investigation into its board governance policies and director selection criteria
Investors for Paris Compliance cited two separate independent assessments by Transition Pathway Initiative and BloombergNEF that allege Toronto-Dominion is not on track to meet its net-zero commitment.to launch an independent review of its board of directors after an investigation by U.S. regulators and law enforcement found it guilty of conspiracy to commit money laundering.
“In light of the bank’s recently exposed governance failures, we are looking for board accountability and renewal, including that new board members are properly qualified to manage major risks and opportunities,” Kyra Bell-Pasht, the group’s director of research and policy, said in an e-mailed statement.
. The Federal Reserve Board required TD to conduct an independent review of the bank’s board of directors and management.“We are committed to sound corporate governance and regularly review our practices and policies to align with legal and regulatory expectations and industry best practices,” TD spokesperson Lisa Hodgins said in an e-mailed statement.
The Investors for Paris Compliance proposal cited a BNN Bloomberg interview with Office of the Superintendent of Financial Institutions head Peter Routledge. In the interview, Mr.
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