
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
2025 Proxy Season: Kingsdale Delivers 100% Win Rate
Kingsdale achieved a perfect track record for clients navigating shareholder activism and other special situations. The firm also advised on more than C$22 billion in shareholder approved or completed M&A transactions year-to-date.
M&A Case Study: How One Dissenting Shareholder Nearly Derailed a $201M Acquisition
What started as a straightforward acquisition of Payfare by Fiserv quickly turned complicated when a major shareholder decided to block the deal. With the transaction hanging in the balance, here's what it took to get 80% approval.
ISS 2026 Benchmark Policy Updates: What You Need to Know
ISS has announced updates to its 2026 Benchmark Policies, spotlighting long-term pay-for-performance alignment, enhanced scrutiny on director compensation, and a global push toward harmonization. These changes signal a clear trend: investors expect durability, transparency, and strategic disclosure.

When The Stakes Are Highest, Business Leaders Choose Kingsdale
Subscribe to Our Newsletter
* 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.
