
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
2022 North American Proxy Season Review
This year, Canadian targets were subject to 35 proxy contests – the lowest since 2017, while activists wrestled the win rate back in their favour with 52% and gained increasing support from proxy advisors and institutional investors.
ISS 2023 Benchmark Policy Updates
On December 1, 2022, ISS released updates to its 2023 benchmark proxy voting policies. The updated policies will apply to shareholder meetings taking place on or after February 1, 2023, except for those that are being announced now with a one-year transition period and which will become effective in 2024.
2022 Proxy Season Snapshot
An early look at the key trends and major issues affecting shareholder activism and corporate governance in 2022.

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.
