A Calgary MP is set to propose a uniquely Canadian solution to the problem of \u0027woke capital\u0027
Corporations are generally considered woke when they engage in social activism that is beyond the scope of their business purpose. It is controversial because it is inherently undemocratic when wealthy officers and directors exploit the unique legal status of a corporation in order to marshal significant resources toward their preferred political agendas.We deliver the local news you need in these turbulent times on weekdays at 3 p.m.
If passed, it would ensure that officers and directors prioritize the interests of shareholders above political agendas that are unrelated to the company’s business purpose. Legislation that promises to protect democracy from corporate power is bound to make some people uncomfortable. The proposed changes to the CBCA promise to loosen the grip that woke liberals have over corporate Canada, which will receive push-back from some quarters. Some critics will also argue that businesses should be free to be activists and governments shouldn’t have a say in the matter.
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