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The state of governance today
It is six years since the Toronto Stock Exchange introduced governance disclosure
requirements as a response to the Dey Report. The TSE requires that every
listed company incorporated in Canada or a province/territory of Canada must
disclose on an annual basis a “Statement of Corporate Governance Practices”.
This statement must be made in the company’s annual report or information
circular and it must contain “a complete description of the company’s system
of corporate governance with respect to each of the guidelines”. ...
First, corporate governance practices have improved in many Canadian companies. ...
There is room for further improvement in corporate governance in Canada. ... But we do believe that better boards can considerably
increase the odds of success and that this is worthwhile for companies,
for their shareholders and other stakeholders, and for Canada.
Approximate Word count = 746
Approximate Pages = 3
(250 words per page double spaced)
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