The Globe and Mail reports in its Monday edition that for the 22nd 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. The Globe's David Milstead writes that the newspaper examined the boards of companies and trusts in the S&P/TSX Composite Index to assess the quality of their governance practices and disclosure. The marks are based on information published in the most recent annual shareholder proxy circulars as of Sept. 1. Companies added to the index after June 30, as well as companies that do not publish proxy circulars, are not marked. Mr. Milstead says a company must disclose its policies and practices in its circular for the company to receive marks. All references to directors also include trustees at real estate investment trusts and trusts. All references to shares also include trust units. In 2023, there are new criteria, including on matters related to board oversight of climate issues. The questions examine whether a board has at least one director with climate expertise and whether companies provide climate-related education sessions to their boards.