The Globe and Mail reports in its Monday edition that for 20 years, the newspaper's business section has rated the work of Canada's corporate boards using a stringent set of governance criteria designed to go far beyond minimum mandatory rules imposed by regulators. The Globe's David Milstead writes that researchers at the University of Toronto examined the boards of 220 companies and trusts in the S&P/TSX Composite Index to assess the quality of their governance practices and disclosure.
Some of the language in the questions has been modified or clarified for 2021, but there are no new questions and none of the weightings have changed from the prior year. The marks are based on information published in the most recent annual shareholder proxy circulars of companies that were members of the S&P/TSX Composite as of Sept. 1. There are eight current members out of the 233 in the composite that were added after Sept. 1 and were not marked for The Globe's Board Games. Also, three companies -- limited partnerships affiliated with Brookfield Asset Management -- do not file proxy circulars and were not included. Dye & Durham and Tilray did not publish a 2021 circular by the time of the markings.
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