Suncor Energy Reports Voting Results from Annual General Meeting

Source Company Press Release
Company Suncor Energy Inc.
Tags Corporate: Overview/Strategy, Country: Canada, Sustainability: People
Date May 09, 2023

Suncor (TSX: SU) (NYSE: SU) held its Annual General Meeting in Calgary today. A total of 907,152,053 shares (approximately 68.50% of outstanding common shares) were represented in person or by proxy.

Shareholders voted as follows on the matters before the meeting:

1. Shareholders elected the following thirteen board members (twelve of whom are independent), with shares represented at the meeting voting in favour of individual directors as follows:

Ian R. Ashby  99.83% 
Patricia M. Bedient  99.02% 
Russell K. Girling  98.91% 
Jean Paul Gladu  99.16% 
Dennis M. Houston  99.41% 
Richard M. Kruger  99.83% 
Brian P. MacDonald  98.63% 
Lorraine Mitchelmore  94.19% 
Daniel Romasko  99.82% 
Christopher R. Seasons  99.84% 
M. Jacqueline Sheppard  99.76% 
Eira M. Thomas  98.09% 
Michael M. Wilson  97.92% 


2. Shareholders appointed KPMG LLP as Suncor's auditors.

3. Management's approach to executive compensation (say on pay) disclosed in Suncor's management proxy circular dated March 24, 2023 was approved with 96.42% of shares represented at the meeting voting in favour.

4. The resolution requesting Suncor produce a report outlining how its capital expenditure plans align with its 2030 emission reductions target and its 2050 net zero target was denied with 82.29% of shares represented at the meeting voting against the proposal, in line with management's recommendation.

Note: the biographies of Board members and further details about Suncor's corporate governance practices are available at suncor.com.

Source: EvaluateEnergy® ©2024 EvaluateEnergy Ltd