Board Games 2010: Compensation rankings for corporations

Globe and Mail Update

Published Sunday, Nov. 21, 2010 8:47PM EST

Last updated Thursday, Dec. 16, 2010 2:49PM EST

These are the results for The Globe and Mail’s ninth annual review of corporate governance practices in Canada. (Scroll down to see the compensation rankings for corporations table.)

Scores for each category are calculated using a series of questions (represented by numbers at the top of each table). See the questions:

You can download a csv table of these rankings at the bottom of this page, or download an excel version here:

xls Document

Full Board Games 2010 results (excel)

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Detailed results for corporations

Detailed results for income trusts with internal management

Detailed results for income trusts with external management

Editor's Note: Potash Corp. of Saskatchewan Inc. received a score of 95 out of 100 in the Board Games ranking of corporate governance practices this year. Potash Corp. was in first place over all in the ranking of corporations. Franco-Nevada Corp. received a mark of 77 in the rankings and tied for 38th place, while Imperial Oil Ltd. received a mark of 72 and tied for 57th in the rankings. Incorrect information was originally published in these charts. These charts (and the downloadable excel sheet) have been corrected.

Canadian National Railway Co. received a score of 87 out of 100 in the annual Board Games rating of corporate governance practices this year. CN Rail tied for 13th place over all in the ranking of corporations.

Sort these results by any category by clicking on the category headers below. (To see the questions represented by the numbers on top of this table, CLICK HERE to see the methodology page )

RANK	COMPANY NAME	12(a) (4)	12(b) (4)	12(c) (1)	13(a) (2)	13(b) (3)	14(a) (1)	14(b) (2)	14(c) (1)	15(a) (1)	15(b) (1)	15(c) (1)	16 (1)	17 (2)	18 (2)	19 (1)	COMPENSATION (27)
1	Potash Corp. of Saskatchewan Inc.	4	4	0	2	3	1	2	1	1	1	1	1	2	2	1	26
2	Bank of Nova Scotia	4	4	1	2	3	0	2	1	1	1	1	1	2	0	1	24
3	Toronto-Dominion Bank	4	4	1	2	3	1	1	1	1	1	1	1	2	0	1	24
4	Bank of Montreal	4	4	1	2	3	1	2	1	1	0	0	1	2	0	1	23
5	Sun Life Financial Inc.	4	4	1	2	3	1	2	1	1	1	1	1	2	0	0	24
6	Canadian Pacific Railway Ltd.	4	4	1	2	3	1	2	1	1	1	1	1	2	0	1	25
6	Manulife Financial Corp.	4	4	0	2	3	1	2	1	0	1	1	1	2	0	1	23
6	Nexen Inc.	4	4	1	2	3	1	2	1	1	0	0	0	2	2	1	24
6	Royal Bank of Canada	4	4	0	2	3	0	2	1	1	1	1	1	2	0	1	23
10	Agrium Inc.	4	4	0	2	3	0	1	1	1	1	1	1	2	2	1	24
10	Cameco Corp.	4	3	0	2	3	0	2	1	1	1	1	1	2	0	0	21
10	SNC-Lavalin Group Inc.	4	3	0	2	3	1	2	1	0	0	0	1	2	0	1	20
13	Canadian Imperial Bank of Commerce	4	4	1	2	3	0	2	1	1	0	0	1	0	0	1	20
13	Emera Inc.	4	4	0	2	3	1	2	1	1	1	1	1	2	2	1	26
13	Finning International Inc.	2	4	1	2	3	1	2	1	1	1	1	1	2	2	0	24
13	Inmet Mining Corp.	4	4	1	2	3	0	2	1	1	1	1	1	2	2	1	26
13	TransAlta Corp.	4	4	1	2	3	1	2	1	1	1	1	1	0	0	1	23
13	Canadian National Railway Co.	4	4	1	2	3	1	2	1	0	0	0	1	2	0	1	22
19	Gildan Activewear Inc.	4	4	1	2	3	0	2	1	1	1	1	1	2	0	1	24
19	National Bank of Canada	4	4	0	2	3	1	2	1	0	1	1	1	2	0	0	22
19	Valeant Pharmaceuticals Intl. Inc.	4	4	1	2	3	1	2	1	1	1	1	1	2	0	1	25
19	Industrial Alliance Insurance and Financial Services Inc.	4	4	0	2	3	1	2	1	0	0	0	0	2	0	1	20
23	TransCanada Corp.	4	4	1	2	2	0	1	1	1	1	0	1	2	0	0	20
24	Enbridge Inc.	2	4	0	2	3	1	2	1	1	1	1	1	0	0	0	19
24	Goldcorp Inc.	2	3	1	2	3	1	2	1	0	0	0	0	2	2	1	20
26	Encana Corp.	4	4	1	2	3	0	1	1	1	1	1	1	2	0	0	22
26	Methanex Corp.	2	4	0	2	3	1	2	1	0	0	0	1	2	0	0	18
26	Vermilion Energy Inc.	2	4	0	2	3	0	1	1	1	1	1	1	2	2	1	22
29	Fortis Inc.	4	4	1	2	3	1	1	1	0	0	0	1	2	0	1	21
29	TMX Group Inc.	4	4	0	2	2	1	1	1	0	0	0	1	2	0	1	19
31	Home Capital Group Inc.	4	4	0	2	3	1	2	1	0	0	0	1	0	0	1	19

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Sort these results by any category by clicking on the category headers below. (To see the questions represented by the numbers on top of this table, CLICK HERE to see the methodology page )

RANK	COMPANY NAME	INDUSTRY GROUP	12(a) (4)	12(b) (4)	12(c) (1)	13(a) (2)	13(b) (3)	14(a) (1)	14(b) (2)	14(c) (1)	15(a) (1)	15(b) (1)	15(c) (1)	16 (1)	17 (2)	18 (2)	19 (1)	COMPENSATION (27)	TOTAL (100)	5-YEAR % RETURN
1	Potash Corp. of Saskatchewan Inc.	Materials	4	4	0	2	3	1	2	1	1	1	1	1	2	2	1	26	95	311
2	Bank of Nova Scotia	Financials	4	4	1	2	3	0	2	1	1	1	1	1	2	0	1	24	94	52
3	Toronto-Dominion Bank	Financials	4	4	1	2	3	1	1	1	1	1	1	1	2	0	1	24	93	53.1
4	Bank of Montreal	Financials	4	4	1	2	3	1	2	1	1	0	0	1	2	0	1	23	92	30.2
5	Sun Life Financial Inc.	Financials	4	4	1	2	3	1	2	1	1	1	1	1	2	0	0	24	90	-26.9
6	Canadian Pacific Railway Ltd.	Industrials	4	4	1	2	3	1	2	1	1	1	1	1	2	0	1	25	89	35.1
6	Manulife Financial Corp.	Financials	4	4	0	2	3	1	2	1	0	1	1	1	2	0	1	23	89	-52.4
6	Nexen Inc.	Energy	4	4	1	2	3	1	2	1	1	0	0	0	2	2	1	24	89	-23.4
6	Royal Bank of Canada	Financials	4	4	0	2	3	0	2	1	1	1	1	1	2	0	1	23	89	52.6
10	Agrium Inc.	Materials	4	4	0	2	3	0	1	1	1	1	1	1	2	2	1	24	88	203.5
10	Cameco Corp.	Energy	4	3	0	2	3	0	2	1	1	1	1	1	2	0	0	21	88	-4.8
10	SNC-Lavalin Group Inc.	Industrials	4	3	0	2	3	1	2	1	0	0	0	1	2	0	1	20	88	123.1
13	Canadian Imperial Bank of Commerce	Financials	4	4	1	2	3	0	2	1	1	0	0	1	0	0	1	20	87	29
13	Emera Inc.	Utilities	4	4	0	2	3	1	2	1	1	1	1	1	2	2	1	26	87	90.3
13	Finning International Inc.	Industrials	2	4	1	2	3	1	2	1	1	1	1	1	2	2	0	24	87	32
13	Inmet Mining Corp.	Materials	4	4	1	2	3	0	2	1	1	1	1	1	2	2	1	26	87	182.7
13	TransAlta Corp.	Utilities	4	4	1	2	3	1	2	1	1	1	1	1	0	0	1	23	87	18.4
13	Canadian National Railway Co.	Industrials	4	4	1	2	3	1	2	1	0	0	0	1	2	0	1	22	87	72.2
19	Gildan Activewear Inc.	Consumer Discretionary	4	4	1	2	3	0	2	1	1	1	1	1	2	0	1	24	85	28.9
19	National Bank of Canada	Financials	4	4	0	2	3	1	2	1	0	1	1	1	2	0	0	22	85	32.4
19	Valeant Pharmaceuticals Intl. Inc.	Health Care	4	4	1	2	3	1	2	1	1	1	1	1	2	0	1	25	85	39.4
19	Industrial Alliance Insurance and Financial Services Inc.	Financials	4	4	0	2	3	1	2	1	0	0	0	0	2	0	1	20	85	22.6
23	TransCanada Corp.	Energy	4	4	1	2	2	0	1	1	1	1	0	1	2	0	0	20	84	30.9
24	Enbridge Inc.	Energy	2	4	0	2	3	1	2	1	1	1	1	1	0	0	0	19	83	71.2
24	Goldcorp Inc.	Materials	2	3	1	2	3	1	2	1	0	0	0	0	2	2	1	20	83	97
26	Encana Corp.	Energy	4	4	1	2	3	0	1	1	1	1	1	1	2	0	0	22	82	-5.7
26	Methanex Corp.	Materials	2	4	0	2	3	1	2	1	0	0	0	1	2	0	0	18	82	70.2
26	Vermilion Energy Inc.	Energy	2	4	0	2	3	0	1	1	1	1	1	1	2	2	1	22	82	85.1
29	Fortis Inc.	Utilities	4	4	1	2	3	1	1	1	0	0	0	1	2	0	1	21	81	56.5
29	TMX Group Inc.	Financials	4	4	0	2	2	1	1	1	0	0	0	1	2	0	1	19	81	-4.6
31	Home Capital Group Inc.	Financials	4	4	0	2	3	1	2	1	0	0	0	1	0	0	1	19	80	27.2
31	Maple Leaf Foods Inc.	Consumer Staples	4	4	0	2	3	1	2	1	1	1	1	1	2	0	1	24	80	-24.3
33	Groupe Aeroplan Inc.	Consumer Discretionary	2	2	1	2	3	1	1	1	0	0	0	1	2	0	1	17	78	27.9
33	Kinross Gold Corp.	Materials	4	2	0	2	3	0	1	0	1	1	1	1	2	0	0	18	78	118.8
33	Laurentian Bank of Canada	Financials	4	2	0	2	0	1	2	1	0	0	0	1	2	0	1	16	78	70.9
33	RONA Inc.	Consumer Discretionary	4	4	0	2	3	1	2	1	1	1	1	1	2	0	0	23	78	-42
33	Viterra Inc.	Consumer Staples	4	4	1	2	3	1	2	1	0	0	0	1	2	0	0	21	78	52.8
38	BCE Inc.	Telecom Services	4	4	1	2	3	1	2	1	0	0	0	0	0	0	0	18	77	30.6
38	CAE Inc.	Industrials	4	4	1	2	3	0	2	1	1	1	1	1	2	0	0	23	77	41.3
38	Franco-Nevada Corp.	Materials	4	4	0	2	3	0	1	0	1	1	1	1	2	0	1	21	77
38	Savanna Energy Services Corp.	Energy	4	2	1	1	3	1	2	1	0	0	0	0	2	0	0	17	77	-78.5
42	Barrick Gold Corp.	Materials	4	3	0	2	2	1	2	1	1	1	1	1	2	0	0	21	76	49.4
42	HudBay Minerals Inc.	Materials	4	4	1	1	3	0	2	1	1	1	1	0	2	0	0	21	76	336.8
42	MacDonald Dettwiler and Associates Ltd.	Information Technology	4	4	1	2	3	0	0	0	0	0	0	0	2	0	1	17	76	36.7
45	Iamgold Corp.	Materials	4	4	0	2	3	1	2	1	1	1	1	0	0	0	0	20	75	118.6
45	Intact Financial Corp.	Financials	4	2	1	2	3	1	1	1	1	1	0	1	0	0	0	18	75	21.9
45	MDS Inc.	Health Care	4	4	1	1	3	1	2	1	0	0	0	1	2	0	0	20	75	-49.7
48	Celestica Inc.	Information Technology	4	4	1	2	3	1	2	1	1	1	1	1	2	0	1	25	74	-33.8
48	Equinox Minerals Ltd.	Materials	4	4	0	2	3	0	0	0	1	0	0	1	2	0	1	18	74	466
48	Precision Drilling Corp.	Energy	4	3	1	1	3	1	2	1	1	1	0	1	0	2	0	21	74	-70.8

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