About
Corporate Social Responsibility
Statement
Power Corporation is a management and holding company with diversified interests in Canada and abroad. The Corporation’s objective is to provide superior long-term returns to its shareholders.
In making and overseeing investments consistent with this objective and its governance practices, Power Corporation also strives to meet its responsibilities:
- to comply with applicable laws and regulations;
- to meet ethical standards, in accordance with the Corporation’s Code of Business Conduct and Ethics;
- to conduct itself in a manner consistent with the goals that form the basis of the Universal Declaration of Human Rights; and
- to make a positive contribution to the communities where the Corporation is established.
Power Corporation reviews the implementation of this Statement on an on-going basis, as appropriate.
Implementation
Power Corporation has a long and established tradition of acting in a responsible and ethical manner, and of being actively and positively present in the communities where it operates. In 2007, Power Corporation adopted the Corporate Social Responsibility Statement above reflecting the core values that have guided, and continue to guide the Corporation.
The Statement provides guidance to our investment professionals at the holding company, facilitating their consideration of potential corporate social responsibility issues when investments are made. We are fortunate to invest in companies which share the same philosophy and commitment to acting responsibly and ethically, and to serving the larger community in general. In the portfolio companies in which we have influence, we engage with senior management, both formally and informally, on a regular basis and when questions or issues may arise, through our representation on their respective boards. In all of these interactions, and in a manner consistent with our core values as reflected in the Statement, there is an open and constructive dialogue in order to ensure that we have a proper understanding of how the management teams of our investee companies manage corporate social responsibility in this respect.
(Source: 2011 Management Proxy Circular)