The Votes Are in at Tim Hortons

Both shareholder proposals didn't win majority, but the results were in line with expectations 

Ruth Saldanha 11 June, 2020 | 1:34PM



Earlier this week, shareholders of Restaurant Brands International (QSR), the parent company of Tim Horton’s, Popeye’s Louisiana Chicken and Burger King, cast their ballots on two shareholder proposals – one on worker rights, and the other on pollution.

With the pandemic affecting frontline workers at Restaurant Brands, investors and activists were closely watching the vote on worker rights, which ended up with 37% support, up from 25% the previous year. The vote on sustainable packaging garnered 9% support, down from 22% the previous year.

Number Title Category Support
 #4 Report on Minimum Requirements and Standards Related to Workforce Practices Human and Workers’ Rights  37%
 #5 Policy on Plastic Pollution and Sustainable Packaging Environment  9%

Source: Morningstar Proxy Database. Data as of June 11, 2020

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
McDonald's Corp184.33 USD-0.82
Restaurant Brands International Inc74.02 CAD-0.28
Starbucks Corp73.57 USD-0.77

About Author

Ruth Saldanha

Ruth Saldanha  Ruth Saldanha is Senior Editor at Morningstar.ca

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