Collective action is very important in this space. When we work with other like-minded shareholders, we have an opportunity to move the dial even further.

If you think of things like advocating for greater gender diversity on boards, we’re part of the 30% Club. And that’s something, as we become collectively, as part of a larger group, we’re able to be much more effective in implementing change and pushing these issues to the forefront of the agenda.

We are a signatory to the UN PRI (Principles of Responsible Investment), and we believe in its principles. And we advocate for those principles. Every year we file our annual PRI report that sets out in great detail what we are doing in the responsible investment space.

I think now we can start to quote the scale of assets under management, the number of investors who have signed up to this and actually signal to the world that these issues are reaching tipping points in terms of being critical and important to investors. So that can actually be helpful in terms of galvanizing action from the regulators, from the policymakers, and others, and our peers to really address these issues. Together, we are more likely to be successful in terms of being responsible and sustainable investors.

So, when we look at collaborations for the long-term health and future for a lot of these systemic resources, you look at the collaborations that we are doing with the UN PRI. Where we speak about a lot of these issues, we collaborate with our peers, that is a very important forum for long-term sustainability and positive outcomes.

Through our involvement with the Canadian Coalition for Good Governance (CCGG), we have been involved in a number of really successful initiatives that includes “say on pay” – where boards are required to disclose their pay policies, and shareholders have a vote.

I have been on the board of CCGG for, I don’t know, ten or twelve years. I chaired it for five years. RBC Global Asset Management was the first bank-owned asset manager to actually belong to CCGG. It has had a marvellous impact on governance practices in Canada and, I think, really put Canada out in front on quality of its governance. And it continues to be very, very active.

We stand better together, and you have a bigger impact when you join with a line of like-minded peers to try and achieve long-term goals than you do as any one individual organization.