welcome to the annual meeting of the canadian coalition for good governance
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Welcome to the Annual Meeting of the Canadian Coalition for Good Governance
2007 Governance Gavel Winners
The CCGG has 45 full members with combined assets under management in excess of $1.4 trillion
The CCGG has published numerous documents providing guidance on corporate governance issues
• Corporate Governance Guidelines• Compensation Guidelines• Best Practices in Shareholder Communication• Best Practices in Compensation Disclosure• Break Fees Discussion Paper• “Say on Pay” Position Paper• Majority Voting Policy• Draft Model Declaration of Trust Provisions for Public Trusts• Report on Voting Results• Statement of Principles Regarding Member Activism
All documents can be downloaded from www.ccgg.ca
Companies have lowered their governance risk
Governance risk continues to decline: 2003 to 2007
77
43
50
84
0
20
40
60
80
100
120
140
2003 2007
Nu
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f C
om
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Low Risk
High Risk
Based on the 127 companies that have been included in the study since 2003
98 issuers have a majority voting policy
Majority Voting Adoptees - 2006 to 2008
30
6278
6
7
13
4
0
10
20
30
40
50
60
70
80
90
100
2006 2007 2008
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ies
Widely Held Corporations Controlled Corporations Income Trusts
30 Adoptees
68 Adoptees
98 Adoptees
Individual director elections are held in 53% of S&P/TSX Composite Companies
Forms of voting used by the S&P/TSX Composite Companies(2007 Proxy Season)
N=266
53%43%
6%
Individual Voting using the best practice method
Slate Voting(cannot vote for
individual directors)
Other Individual Voting methods
The histogram of governance scores continues to shift right
2002
0
5
10
15
20
25
0 10 20 30 40 50 60 70 80 90 100
Score /100
Nu
mb
er
of
Co
mp
an
ies
The histogram of governance scores continues to shift right
2003
0
5
10
15
20
25
30
0 10 20 30 40 50 60 70 80 90 100
Score /100
Nu
mb
er
of
Co
mp
an
ies
The histogram of governance scores continues to shift right
2004
0
5
10
15
20
25
30
0 10 20 30 40 50 60 70 80 90 100
Score /100
Nu
mb
er
of
Co
mp
an
ies
The histogram of governance scores continues to shift right
2005
0
5
10
15
20
25
30
0 10 20 30 40 50 60 70 80 90 100
Score /100
Nu
mb
er
of
Co
mp
an
ies
The histogram of governance scores continues to shift right
2006
0
5
10
15
20
25
30
0 10 20 30 40 50 60 70 80 90 100
Score /100
Nu
mb
er
of
Co
mp
an
ies
The histogram of governance scores continues to shift right
2007
0
5
10
15
20
25
30
0 10 20 30 40 50 60 70 80 90 100
Score /100
Nu
mb
er
of
Co
mp
an
ies
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