
The Globe and Mail’s Report on Business has released its highly anticipated 2025 Board Games rankings, and Kingsdale is proud to celebrate the exceptional performance of our clients.
For more than two decades, Board Games has set the gold standard for evaluating corporate boards on the S&P/TSX Composite Index. Using a rigorous set of governance criteria that go far beyond minimum regulatory requirements, the rankings highlight organizations that lead with excellence.
This year, several Kingsdale clients, including Fortis, Manulife, and Scotiabank, secured top positions, demonstrating their commitment to strong governance and shareholder value.
Top-Performing Clients
- Fortis Inc. (Ranked #1)
- Manulife Financial Corp. (Ranked #3)
- The Bank of Nova Scotia (Ranked #5)
Some other companies in the Top Third include First Capital Real Estate Investment Trust (Ranked #21), Kinross Gold Corp (Ranked #28), and Keyera Corp. (Ranked #34) which gained 8 points
View the full list of rankings
Ready to improve your governance ranking or join Canada’s leaders? Contact us today at strategy@kingsdaleadvisors.com.

Latest Insights
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ISS 2023 Annual Global Benchmark Policy Survey
ISS is seeking feedback from market participants on corporate governance issues and trends, with responses informing their main benchmark policy for 2024.
Key Governance Trends in Early to Mid 2023
The report outlines five key governance trends Kingsdale Advisors observed in early to mid 2023 and highlights important findings related to auditor ratification, Say-on-Pay resolutions, shareholder proposals and the evolving investor voting policy.

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.
