The Globe and Mail’s comprehensive ranking of Canada’s corporate boards

For the 20th year in a row, Report on Business has rated the work of Canada’s corporate boards using a rigorous set of governance criteria designed to go far beyond minimum mandatory rules imposed by regulators.
Markers at the David and Sharon Johnston Centre for Corporate Governance Innovation at University of Toronto examined the boards of directors of 220 companies and trusts in the S&P/TSX Composite Index to assess the quality of their governance practices.
The chart shows the total marks for 2021 based on dozens of individual criteria across four broad subcategories.
The marks are based on information published in the most recent annual shareholder proxy circulars of companies who were members of the composite index through the end of September. Companies added to the index in the third quarter were not included.
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Board Games 2021: How we ranked Canada’s corporate boards
See the full Board Games methodology for information on how each question was marked.
Additional tables on company and director diversity and a full report card are available for purchase.
Editor’s note: An error in the original report gave Altus Group Ltd. 1 point for Question 7B. In fact it should have received 2. This changes its total score to 87 from 86, and places its ranking among those at Rank 67. This has a cascading effect on the Ranks of the companies that now follow it in the list.