04:13:04 EDT Wed 15 May 2024
Enter Symbol
or Name
USA
CA



Restaurant Brands International Inc
Symbol QSR
Shares Issued 311,275,811
Close 2023-05-31 C$ 98.56
Market Cap C$ 30,679,343,932
Recent Sedar Documents

Globe says many investors unhappy with RBI pay policies

2023-05-31 08:54 ET - In the News

The Globe and Mail reports in its Wednesday edition that three Canadian companies wrapped their annual meetings last week with overwhelming shareholder approval for their directors or their pay practices. The Globe's David Berman writes, however, that a closer look at the numbers for Restaurant Brands International, Dentalcorp and Nuvei and some deep dissatisfaction can be found. That is because in all three cases, the companies had controlling shareholders whose votes for management and the board were in the bag. In some cases, the votes came from management itself. Excluding some of these guaranteed votes, we can see the remaining shareholders of the company provided serious pushback to the companies' leadership and its policies. Restaurant Brands, or RBI, is known best as the owner of Tim Hortons. When the company tallied the vote results May 23, only 25 per cent of the 388 million votes cast were against the company's pay practices, with nearly 75 per cent in favour. Set aside RBI owner 3G Capital Inc.'s nearly 157 million votes, and the support drops below 60 per cent. Mr. Berman argues whether current disclosure requirements -- which allow for limited information on voting results -- are adequate.

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