
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
Kingsdale Memo: ISS, Glass Lewis Provide Guideline Updates in Response to COVID-19 Pandemic
In view of the evolving COVID-19 pandemic, the proxy advisors have issued updates to their proxy voting guidelines.
Kingsdale Memo: Governance Considerations - Leading by Example in the Face of COVID-19
From salary freezes to DSU payments, Kingsdale highlights measures Canadian boards can take to share the pain with their workforces during the COVID-19 pandemic.
Kingsdale Memo: TSX/TSX-V Extension - Should You Delay Your AGM?
The TSX/TSX-V have announced a number of temporary relief measures to lessen the administrative burden on its issuers in response to the COVID-19 pandemic. For those companies contemplating a delay to their meeting, Kingsdale provides some strategic considerations.

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.
