Success in the Boardroom! 25 Years of Canadian Directorship Practices: 1973-98

This study updates directorship and governance practices in Canada, comparing them with benchmarks obtained over the past 25 years of research.

Document Highlights

This research highlights the key areas of governance where change has occurred and identifies possible areas where practices are emerging.

• 1970s—the movement to centralize authority in one individual and to structure corporations as hierarchical pyramids began to be questioned.
• 1980s—saw several widely publicized cases of corporate failure where directors were sued personally for inadequate oversight of management.
• 1990s—shareholders and regulators are joining with directors and executives in expecting excellence in corporate governance practices.