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State of Credit Union Governance, 2020

For the 16th year in a row, The Johnston Centre ranked boards of directors by their performance and potential to act in an effective way. The 2019 Board Shareholders’ Confidence Index (BSCI) captures factors affecting shareholders’ confidence in the boards’ abilities to fulfill its duties.

Once again this year, Johnston Centre staff and students marked the boards of 224 companies and trusts in the S&P/TSX Composite Index on the extent to which they adopted best practices in governance.

Read more about the Board Shareholder Confidence Index

Since 2003, the Board Shareholder Confidence Index (BSCI) has annually examined the governance practices of Canadian boards of directors.  While many variables can contribute to board effectiveness, including those best observed from inside the boardroom, we examine factors which shareholders look for when determining a Board’s ability to fulfill their duties. These criteria differ from the TSX Guidelines for effective corporate governance in their emphasis on the shareholder’s perception of risk.

The BSCI evaluates and rates boards of directors on their potential to act effectively and by their performance as indicated through past practices. The criteria against which boards are rated is divided into three sections: individual potential, which focuses on the directors themselves; group potential, which examines the board as a whole; and board decision output, which analyses on a variety of board outputs.



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