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David Beatty on the most important question boards can ask themselves now: How long is your real strategic time horizon?

For 19 years, Board Games, the Globe and Mail's ranking of Canada's corporate boards, has shined a spotlight into the country's boardrooms. Once again this year, researchers at the Johnston Centre graded the boards of 211 companies and trusts in the S&P/TSX Composite Index on the extent to which they adopted best practices in governance.


Here are some highlights from this year’s rankings:
• Intact Financial Corporation is the top-ranked company with a score of 98. The company received near perfect marks across all categories – board composition, executive compensation, shareholder rights and disclosure
• Nearly half of companies scored 80 points or higher


• 90% of companies perform an evaluation of their board or individual directors
• 35% of companies have a provision to ‘claw back' incentive payments to executives in the event of gross misconduct or a financial restatement
• 35% of companies have at least 33% women directors on their board


• 49% of companies have a board gender diversity policy and disclosed information about recruitment processes to consider female candidates
• 36% of companies have at least one visible minority on their board 

• 50% of companies offer details on the ways the company engages with shareholders apart from at the annual general meeting and quarterly meetings, a 14% rise from the previous year.
• The percentage of companies with a dual-class share structure doubled from 2019. Dual-class share companies now account for 13% of the S&P/TSX Index. 






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