This report updates the Conference Board’s report on the governance and directorship practices and compensation levels of Canadian boards of directors. It provides benchmark data on compensation practices and summarizes key factors in the board operations of publicly traded companies in Canada.
The last few years have seen a greater focus on governance and companies have made significant strides in promoting greater board independence. The report also finds that as directors become increasingly engaged in overseeing companies, compensation levels have been rapidly rising. As well, the increasing scope of activities directors have become involved in raises questions about whether boards are crossing the line and infringing on management responsibilities. The report also explores board diversity, education, stock ownership, and board evaluation.
The report’s findings are based on the results of a questionnaire sent to 909 organizations. A total of 106 organizations responded, reflecting a 12 per cent response rate.