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'Serious' proxy voting errors plague corporate Canada

Canadian corporations and their large institutional shareholders are calling for an “end-to-end” confirmation system that will allow them to verify that voting results are properly recorded at annual meetings.

David Masse, deputy corporate secretary at CGI Group Inc., told a roundtable conference Wednesday at the Ontario Securities Commission that errors in voting results are too common, often leaving companies or their agents scrambling to sort out problems during the 48 hours before an annual meeting is scheduled to be held.