The Globe and Mail reports in its Thursday, May 11, edition that for many investors, corporate governance does not matter -- until it does. The Globe's David Milstead writes that when things go south, however, governance issues suddenly rise in importance. For most of GFL Environmental's life as a public company, the performance of its stock has quieted potential complaints. Despite an underwhelming 2022, GFL shares are among the best performers in the waste industry. So as GFL's shareholders cast ballots next week at the company's shareholder meeting, do not be surprised if the board and management get hearty endorsements -- despite two major proxy advisory services' extensive concerns about the way things work at GFL. Institutional Shareholder Services and Glass Lewis & Co. recommended shareholders vote "no" in GFL's non-binding advisory vote on its executive compensation approach, known as "say on pay." It is the third straight year the two have made negative recommendations on pay, covering GFL's entire history as a public company. ISS and Glass Lewis also recommend shareholders withhold votes from director Paolo Notarnicola, the chair of the board's nomination, governance and compensation committee.