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Insights

Geopolitical Risk Is No Longer a Black Swan Event, It's a Boardroom Priority

Most boards can quantify their exposure to interest rates, but few can quantify their exposure to geopolitics, and investors are starting to notice the gap. Find out how to prepare your board for a world where geopolitical risk has become a governance priority.

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Back to Basics vs. Emerging Risks: The Two Questions Defining Canada's Boardrooms

For years, directors have navigated what many have described as the "Canadian director's dilemma," balancing the interests of shareholders alongside an expanding set of stakeholders. Canada's prosperity over the next decade may ultimately be shaped by two defining questions.

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Aaron Boles on The Corporate Governance Podcast

Kingsdale President, Aaron Boles, joins The Corporate Governance Institute's Dan Byrne to discuss 2026 proxy season trends in Canada. Listen in for what boards should take away from this year's proxy season, from activism to ESG to AI.

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Insights
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News

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?

Wes, who sits on the Prime Minister's Council on Canada-U.S. Relations, is direct about where things stand. Free trade with the United States, as we have known it, is likely over. What comes next will be a trade agreement, but not a free one. For boards that have been operating on the assumption that North American trade will eventually return to normal, that distinction should be a wake-up call.

The article lays out a clear-eyed framework for directors navigating this shift. That means modelling downside scenarios beyond CUSMA, rethinking supply chains, and preparing for permanently higher tariffs not as a temporary disruption, but as the new baseline. The boards stress-testing these scenarios today will be far better positioned than those waiting to see how negotiations unfold.

As Wes puts it, “It has to be baked in now. We can't just hope and pray.”

The piece also addresses the broader structural challenge facing Canadian companies, including the urgent need to diversify trade relationships, reduce dependence on the U.S. market and build the kind of world-class businesses capable of competing globally. The message throughout is consistent: complacency is no longer an option.

Read the full article, “A Playbook for Tariffs and Uncertainty: What Directors Should Do Before the CUSMA Review,” in ICD’s Director Journal.

Directors looking for strategic advice to get ahead of what could be a very different trade landscape by year's end, please email strategy@kingsdaleadvisors.com.

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Latest Insights

News
1.1.2024

In the Globe and Mail: "Average Investors Poised to Become Dissidents as Companies Face Volatile Markets"

Our CEO, Ian Robertson, spoke with the Globe about the latest strategies for engaging with shareholders and announced the launch of our new mobile app, enabling individual investors to conveniently submit their ballots using their smartphones.

2024
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Publication

Glass Lewis 2024 Proxy Voting Policy Guidelines

On November 16, Glass Lewis released its 2024 Benchmark Policy Guidelines. These guidelines will take effect for shareholder meetings scheduled on or after January 1, 2024.

2023
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Publication

Glass Lewis Publishes Results of Client Policy Survey 2023

On November 9, Glass Lewis released the results of its inaugural Client Policy Survey that it conducted in summer with market participants to inform its annual benchmark voting policy guidelines update.

2023
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When The Stakes Are Highest, Business Leaders Choose Kingsdale

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When The Stakes Are Highest, Business Leaders Choose Kingsdale