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Bloomberg
Shareholders of Restaurant Brands International Inc., owner of Burger King and Tim Hortons, rejected a proposal that would require a clear plan to add women to the company’s all-male board.
OceanRock Investments Inc.’s motion was defeated at Thursday’s annual meeting in Oakville, Ontario, according to the Canadian Press. The Vancouver-based investor became a shareholder when Miami-based Burger King acquired the Canadian doughnut chain Tim Hortons in 2014 for about $11 billion. The combined company is based in Canada.
Before the tieup, Tim Hortons had three female directors. Having an all-male board is a stark contrast with Canadian Prime Minister Justin Trudeau’s pledge to ensure that half his cabinet members are women.