A Conservative MP is drafting a bill that proposes to hold officers and directors of large publicly traded companies accountable to shareholders whenever they make “activist statements” that have nothing to do with their line of business.
Tom Kmiec, who represents the riding of Calgary Shepard, says the bill would ensure that the interests of shareholders of large public corporations are prioritized above any agendas pushed by management that are unrelated to their business, yet can impact their bottom line and share value.
