Board Games 2010: Rankings for corporations

The results

Board Games 2010: 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 overall rankings for corporations table.)

Scores for each category are calculated using a series of questions. 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.

RANK	COMPANY NAME	INDUSTRY GROUP	BOARD COMPOSITION (31)	COMPENSATION (27)	SHAREHOLDER RIGHTS (30)	DISCLOSURE (12)	TOTAL (100)	5-YEAR % RETURN
1	Potash Corp. of Saskatchewan Inc.	Materials	28	26	29	12	95	311
2	Bank of Nova Scotia	Financials	28	24	30	12	94	52
3	Toronto-Dominion Bank	Financials	28	24	30	11	93	53.1
4	Bank of Montreal	Financials	28	23	29	12	92	30.2
5	Sun Life Financial Inc.	Financials	26	24	29	11	90	-26.9
6	Canadian Pacific Railway Ltd.	Industrials	26	25	28	10	89	35.1
6	Manulife Financial Corp.	Financials	26	23	30	10	89	-52.4
6	Nexen Inc.	Energy	27	24	27	11	89	-23.4
6	Royal Bank of Canada	Financials	24	23	30	12	89	52.6
10	Agrium Inc.	Materials	24	24	29	11	88	203.5
10	Cameco Corp.	Energy	27	21	29	11	88	-4.8
10	SNC-Lavalin Group Inc.	Industrials	27	20	29	12	88	123.1
13	Canadian Imperial Bank of Commerce	Financials	26	20	30	11	87	29
13	Emera Inc.	Utilities	24	26	26	11	87	90.3
13	Finning International Inc.	Industrials	24	24	27	12	87	32
13	Inmet Mining Corp.	Materials	24	26	26	11	87	182.7
13	TransAlta Corp.	Utilities	25	23	27	12	87	18.4
13	Canadian National Railway Co.	Industrials	25	22	28	12	87	72.2
19	Gildan Activewear Inc.	Consumer Discretionary	24	24	26	11	85	28.9
19	National Bank of Canada	Financials	26	22	26	11	85	32.4
19	Valeant Pharmaceuticals Intl. Inc.	Health Care	22	25	27	11	85	39.4
19	Industrial Alliance Insurance and Financial Services Inc.	Financials	28	20	26	11	85	22.6
23	TransCanada Corp.	Energy	26	20	27	11	84	30.9
24	Enbridge Inc.	Energy	26	19	26	12	83	71.2
24	Goldcorp Inc.	Materials	25	20	27	11	83	97
26	Encana Corp.	Energy	27	22	24	9	82	-5.7
26	Methanex Corp.	Materials	27	18	26	11	82	70.2
26	Vermilion Energy Inc.	Energy	25	22	26	9	82	85.1
29	Fortis Inc.	Utilities	24	21	25	11	81	56.5
29	TMX Group Inc.	Financials	26	19	27	9	81	-4.6
31	Home Capital Group Inc.	Financials	26	19	26	9	80	27.2

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Sort these results by any category by clicking on the category headers below.

RANK	COMPANY NAME	INDUSTRY GROUP	BOARD COMPOSITION (31)	COMPENSATION (27)	SHAREHOLDER RIGHTS (30)	DISCLOSURE (12)	TOTAL (100)	5-YEAR % RETURN
1	Potash Corp. of Saskatchewan Inc.	Materials	28	26	29	12	95	311
2	Bank of Nova Scotia	Financials	28	24	30	12	94	52
3	Toronto-Dominion Bank	Financials	28	24	30	11	93	53.1
4	Bank of Montreal	Financials	28	23	29	12	92	30.2
5	Sun Life Financial Inc.	Financials	26	24	29	11	90	-26.9
6	Canadian Pacific Railway Ltd.	Industrials	26	25	28	10	89	35.1
6	Manulife Financial Corp.	Financials	26	23	30	10	89	-52.4
6	Nexen Inc.	Energy	27	24	27	11	89	-23.4
6	Royal Bank of Canada	Financials	24	23	30	12	89	52.6
10	Agrium Inc.	Materials	24	24	29	11	88	203.5
10	Cameco Corp.	Energy	27	21	29	11	88	-4.8
10	SNC-Lavalin Group Inc.	Industrials	27	20	29	12	88	123.1
13	Canadian Imperial Bank of Commerce	Financials	26	20	30	11	87	29
13	Emera Inc.	Utilities	24	26	26	11	87	90.3
13	Finning International Inc.	Industrials	24	24	27	12	87	32
13	Inmet Mining Corp.	Materials	24	26	26	11	87	182.7
13	TransAlta Corp.	Utilities	25	23	27	12	87	18.4
13	Canadian National Railway Co.	Industrials	25	22	28	12	87	72.2
19	Gildan Activewear Inc.	Consumer Discretionary	24	24	26	11	85	28.9
19	National Bank of Canada	Financials	26	22	26	11	85	32.4
19	Valeant Pharmaceuticals Intl. Inc.	Health Care	22	25	27	11	85	39.4
19	Industrial Alliance Insurance and Financial Services Inc.	Financials	28	20	26	11	85	22.6
23	TransCanada Corp.	Energy	26	20	27	11	84	30.9
24	Enbridge Inc.	Energy	26	19	26	12	83	71.2
24	Goldcorp Inc.	Materials	25	20	27	11	83	97
26	Encana Corp.	Energy	27	22	24	9	82	-5.7
26	Methanex Corp.	Materials	27	18	26	11	82	70.2
26	Vermilion Energy Inc.	Energy	25	22	26	9	82	85.1
29	Fortis Inc.	Utilities	24	21	25	11	81	56.5
29	TMX Group Inc.	Financials	26	19	27	9	81	-4.6
31	Home Capital Group Inc.	Financials	26	19	26	9	80	27.2
31	Maple Leaf Foods Inc.	Consumer Staples	17	24	27	12	80	-24.3
33	Groupe Aeroplan Inc.	Consumer Discretionary	23	17	26	12	78	27.9
33	Kinross Gold Corp.	Materials	24	18	26	10	78	118.8
33	Laurentian Bank of Canada	Financials	26	16	27	9	78	70.9
33	RONA Inc.	Consumer Discretionary	25	23	20	10	78	-42
33	Viterra Inc.	Consumer Staples	25	21	22	10	78	52.8
38	BCE Inc.	Telecom Services	23	18	27	9	77	30.6
38	CAE Inc.	Industrials	21	23	23	10	77	41.3
38	Franco-Nevada Corp.	Materials	17	21	28	11	77
38	Savanna Energy Services Corp.	Energy	26	17	22	12	77	-78.5
42	Barrick Gold Corp.	Materials	16	21	27	12	76	49.4
42	HudBay Minerals Inc.	Materials	23	21	23	9	76	336.8
42	MacDonald Dettwiler and Associates Ltd.	Information Technology	25	17	26	8	76	36.7
45	Iamgold Corp.	Materials	22	20	26	7	75	118.6
45	Intact Financial Corp.	Financials	24	18	27	6	75	21.9
45	MDS Inc.	Health Care	23	20	20	12	75	-49.7
48	Celestica Inc.	Information Technology	25	25	14	10	74	-33.8
48	Equinox Minerals Ltd.	Materials	22	18	23	11	74	466
48	Precision Drilling Corp.	Energy	19	21	24	10	74	-70.8