Ahead of the annual meeting of shareholders of Chartwell Retirement Residences (TSX: CSH.UN) on June 4, 2024, the BCGEU has released a proxy memo about its unitholder proposal.

Chartwell’s insufficient disclosure of Human Capital Management (HCM) metrics presents a concern that bears significant weight on investor decision-making and Trust value. The proposal asks the Board to report to unitholders annually, at a reasonable cost and omitting proprietary information, on the effectiveness of the Trust's effort to meet or exceed direct care target ratios and improve overall staffing ratios at owned, partially-owned, and operated long-term care and retirement residences, including by disclosing relevant metrics.

This reasonable request would provide investors with crucial information to evaluate risk management and mitigation efforts.

BCGEU encourages investors to vote FOR this proposal.

Read the BCGEU investor brief for Chartwell Retirement Residences here