
The prestigious 2024 Board Games rankings, published by The Globe and Mail’s Report on Business, is out, and Kingsdale is proud to celebrate our clients' remarkable success. For 23 years, Board Games has set the benchmark for evaluating corporate governance in Canada, for companies on the S&P/TSX Composite Index. These rankings recognize those who lead with excellence to far exceed regulatory requirements.
This year, an impressive 14 out of the top third organizations in the rankings are Kingsdale clients, along with three that achieved notable improvements. These companies have distinguished themselves by prioritizing transparency, accountability, and leadership.
We are honoured to recognize the following clients for their outstanding achievements:
Top-Performing Clients
- Fortis Inc. (Ranked #1)
- Bank of Nova Scotia (Ranked #5)
- Manulife Financial Corp. (Ranked #9)
Additional Companies in the Top Third
- Air Canada
- CAE Inc.
- Cameco Corp.
- Canadian Pacific Kansas City Ltd.
- First Capital REIT
- Kinross Gold Corp.
- MEG Energy Corp.
- Nutrien Ltd.
- Parkland Corp.
- Suncor Energy Inc.
- Veren Inc.
Significant Improvers (Gaining 5+ Points)
- First Majestic Silver Corp.
- Kinaxis Inc.
- Tourmaline Oil Corp.
At Kingsdale, we partner with organizations to elevate their governance practices, helping them achieve long-term success. Our team of experts provide tailored solutions designed to meet your board's unique needs and drive measurable results.
If your company is not on this year’s list but you aspire to be a leader in governance, or if you would like to improve your ranking, let’s work together.

Latest Insights
Calgary 2026 Event Highlights
On October 21, 2026, Kingsdale Advisors hosted an exclusive evening in Calgary, where Aaron Boles, Neil Tolentino, Raman Bhan and Joshua Antonucci led a focused discussion on governance, shareholder engagement and activist defense ahead of the 2027 AGM season.
Vancouver 2026 Event Highlights
On October 20, 2026, Kingsdale Advisors hosted an exclusive evening in Vancouver, where Aaron Boles, Neil Tolentino, Raman Bhan and Joshua Antonucci led a focused discussion on governance, shareholder engagement and activist defense ahead of the 2027 AGM season.
Victor Li in Conversation with The Deal by S&P Global
Victor Li spoke with The Deal by S&P Global about key takeaways from Kingsdale's 2026 Proxy Season Review. Activist campaigns fell this year, but more went to a vote than at any point in five years, and the boards that won were the ones that engaged shareholders early.

When The Stakes Are Highest, Business Leaders Choose Kingsdale
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* Source: Bloomberg Global Shareholder Activism League Tables FY2025 and LSEG Global Shareholder Activism Review FY2025.
#2025 and 2026 indicate proxy seasons: July 2024 to June 2026.