Rail News Home Canadian National Railway - CN 10/4/2021 Rail News: Canadian National Railway - CN
CN today announced that it has scheduled a special meeting of shareholders in response to a requisition by CIFF Capital and TCI (collectively TCI).The meeting is scheduled for March 22, 2022. TCI and CN have mutually agreed to the date of the special meeting.
CN remains committed to executing its ambitious, long-term, sustainable growth strategy, and is grateful for early expressions of support for this plan that it has received from valued shareholders, customers, partners and other key stakeholders., CN officials said in a press release.In making the meeting announcement, the company reiterated its message that it has “best-in-class corporate governance and a strong shareholder engagement program as it continues to focus on operational excellence, a customer-first culture, innovation and ESG leadership.”Over the past year, CN changes to governance included the addition of three new independent directors and achieving gender parity among independent directors ahead of plan. At the company’s most recent annual general meeting, all directors received greater than 95% of votes in favor, and CN’s say-on-pay resolution passed with 97.7% support.TCI’s motives for its requisition are dubious, CN officials said. To read the company’s complete statement, click here.
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The American Railway Engineering and Maintenance-of-Way Association (AREMA) recently named CN the winner of the 2021 Dr. William W. Hay Award for Excellence for the New McComb Bonnet Carre Spillway Bridge project in Louisiana.
The award honors the memory of William Walter Hay, a longtime AREMA contributor and professor of railway civil engineering at the University of Illinois Urbana-Champaign. Each year, the association bestows the award to projects that best illustrate safety, innovation and service performance reliability.