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The Globe and Mail

Canada's 10 best governed companies of 2011

Find out which Canadian companies round out Board Games' top 10 list this year. The annual survey, now in its 10th year, ranks companies' corporate governance based on several criteria. Follow the links below this gallery to read more from Board Games 2011.

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In the news most recently for fending off a hostile takeover bid, Potash Corp. of Saskatchewan topped the 2010 Board Games rankings with strong marks across all categories (board composition, executive compensation, shareholder rights and disclosure). The mining company jumped to No. 1 from eighth place last year.

Liam Richards/liam richards The Globe and Mail

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Manulife Financial, led by CEO Donald Guloien, also tied for sixth place this year. It fell slightly from last year when it tied for fourth.

MARK BLINCH/MARK BLINCH/REUTERS

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Nexen, led by president and CEO Marvin Romanow, also tied for sixth place this year. It climbed the ranks from last year’s 14th place finish.

Jeff McIntosh/Jeff McIntosh/The Canadian Press

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The Bank of Nova Scotia also moved up in this year’s rankings, from No. 4 in 2009, to No. 2 this year.

PAUL DARROW/PAUL DARROW/REUTERS

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With 89 points out of 100, Canadian Pacific Railway tied three other companies for sixth place. Last year it ranked 13th.

CPR

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Last year’s first-place winner, engineering firm SNC Lavalin, led by president and CEO Pierre Duhaime, also tied for 10th this year with 88 points.

Jeff McIntosh/Jeff McIntosh/The Canadian Press

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Sun Life Financial, led by CEO Donald Stewart, climbed up the ranks to fifth place this year. Last year it was in a four-way tie for eighth.

MIKE CASSESE/MIKE CASSESE/REUTERS

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TransCanada Corp.'s chief executive officer says his company is still dedicated to moving the Keystone XL pipeline forward despite challenges it's faced along the way. Russ Girling says TransCanada is extremely confident U.S. regulators will approve the Alberta-to-Texas line once a new route is worked out to avoid ecologically sensitive parts of Nebraska. Girling addresses the company's annual meeting in Calgary, Friday, April 29, 2011.

Jeff McIntosh/Jeff McIntosh/The Canadian Press

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Bank of Montreal came in fourth this year, a slight drop from last year when it ranked third.

Fernando Morales/Fernando Morales/The Globe and Mail

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Tied for first place with SNC Lavalin in 2009, Toronto-Dominion Bank, led by CEO Ed Clark, dropped to the No. 3 spot this year.

TODD KOROL/TODD KOROL/REUTERS

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