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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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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

Publication

Gender Diversity in the Boardroom

At the current rate, it will take 151 years to close the global economic gender gap. In this report, Kingsdale dives into gender diversity in the boardroom and offers strategies for companies to become leader in gender parity.

2023
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Diversity in the Boardroom

In this report, Kingsdale takes a realistic stock of racial representation in the corporate world and offers measures that can help uproot racial discrimination in the boardroom.

2023
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2023 AGM Checklist

Ahead of 2023 AGM season, Kingsdale prepared a list of 10 key questions every company should consider.

2023
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When The Stakes Are Highest, Business Leaders Choose Kingsdale

Business district aerial

When The Stakes Are Highest, Business Leaders Choose Kingsdale