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News

Three Kingsdale Clients Ranked in The Top 5 in The Globe and Mail’s 2025 Board Games

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.

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Latest Insights

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3.25.2026

Wes Hall on What Boards Must Do Before the CUSMA Review

Kingsdale Advisors Founder and CEO Wes Hall is featured in the March/April 2026 edition of ICD's Director Journal, weighing in on one of the most consequential questions facing Canadian business leaders right now: what should boards be doing before the CUSMA review?

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AI and the Future of Proxy Voting: What TSX Boards Should Know

Artificial intelligence is transforming how investors evaluate companies and how activists build campaigns. As investors adopt AI‑driven analysis and move away from standardized proxy adviser models, governance expectations are shifting quickly. See how AI is reshaping the proxy landscape and what it means for Canadian boards.

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Case Study: Winning an “Unwinnable” Proxy Fight

LabGold faced an activist campaign seeking majority control of its board. The company's historical three-year voter turnout was below 25%, the dissident held more than 8% of common shares, and the largest shareholder abstained from the vote. Here's how they won.

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When The Stakes Are Highest, Business Leaders Choose Kingsdale