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
In the Globe and Mail: "Companies Diverge on Diversity Disclosures, With No Fix in Sight"
As institutional investors increasingly seek greater transparency and robust commitments to diversity at both the board and executive levels, Canadian companies may fall behind in attracting global capital. Kelly Gorman, EVP of Governance Advisory at Kingsdale Advisors, recently offered her insights on the importance of diversity reporting.
In the Globe and Mail: "Canadian Companies Faced Record Number of Activist Campaigns in 2023, Says Toronto Consulting Firm"
The Globe and Mail featured Kingsdale's latest Proxy Season Review findings, highlighting the changes in the activism landscape in Canada and the pivotal shifts that demand every company's attention.
In The Globe and Mail: "Law firm Develops New Tactic to Help Companies Defend Against an Activist Investor 'Ambush'"
Over the past proxy season, Kingsdale recorded an uptick in “Vote No” campaigns. Ian Robertson, CEO of Kingsdale Advisors, expressed concern that these campaigns, which require little cost and transparency, pose a significant threat to corporate boardrooms.
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.