Board games 2004

Disclosure issues, worth 13 marks

18. Does the company provide a full explanation of which directors are related and unrelated and why? (In 2003, ROB also awarded marks if a company had a full statement of corporate governance practices, but this part of the question has been dropped.)
Three marks if full disclosure.
Two marks if a company calls a director with close relationships an “independent” director.
Zero marks if related directors are not identified by name.

19. Does the company disclose how much the auditor is paid for consulting and other services?
Three marks if all the details are disclosed.
Two marks if details are disclosed, but consulting fees are higher than audit fees.
One mark if consulting fees are more than double the audit fees.
Zero marks if there is no disclosure.

20. Does the company disclose detailed biographies to explain directors’ qualifications to represent shareholders? Does the company list other public company boards the directors sit on?
Two marks, one for each question.
Zero marks if there is no disclosure.

21. Does the company disclose director attendance records at board meetings?
Two marks for disclosure.
One mark if any director has missed more than one-third of meetings.
Zero marks if there is no disclosure or if there are only average attendance numbers provided for the board as a whole.

22. How often did the board and its committees meet last year?
Three marks for full disclosure.
Two marks for partial disclosure.
Zero marks for no disclosure.

Company 18 19 20 21 22 Disclosure
                                          Maximum mark 3 3 2 2 3 13
Manulife Financial 3 3 2 2 3 13
Bank of Montreal 3 3 2 2 3 13
Suncor Energy 3 3 2 2 3 13
Canfor Corporation 3 3 2 2 3 13
Royal Bank of Canada 3 3 2 2 3 13
Sun Life Financial Inc. 3 3 2 2 3 13
Agrium Inc. 3 3 2 2 3 13
Toronto-Dominion Bank 3 3 2 2 3 13
Canadian Pacific Railway 3 3 2 2 3 13
Terasen Inc. 3 3 2 2 3 13
Rothmans Inc. 3 3 2 2 3 13
SNC-Lavalin Group 3 3 2 2 3 13
MacDonald, Dettwiler 3 3 2 2 3 13
Petro-Canada 3 3 2 2 3 13
Toromont Industries 3 3 2 2 3 13
CP Ships Limited 3 3 2 2 3 13
Hudson's Bay Company 3 3 2 2 3 13
MDS Inc. 3 3 2 2 3 13
Nexen Inc. 3 3 2 2 3 13
Zarlink Semiconductor 3 3 2 2 3 13
Abitibi-Consolidated Inc. 3 3 2 2 3 13
Agnico-Eagle Mines 3 3 2 2 3 13
ATS Automation 3 3 2 2 3 13
Alcan Inc. 3 3 2 2 3 13
Imperial Oil Limited 3 3 2 2 3 13
Kinross Gold  3 3 2 2 3 13
Husky Injection 3 3 2 2 3 13
Potash Corporation 3 3 2 2 3 13
Torstar Corporation 3 3 2 2 3 13
Norbord Inc. 3 3 2 2 3 13
Norske Skog Canada 3 3 2 2 3 13
Shell Canada Ltd. 3 3 2 2 3 13
ZENON Environmental  3 3 2 2 3 13
Compton Petroleum 3 3 2 2 3 13
Tembec Inc. 3 3 2 2 3 13
Canadian Natural 3 3 2 2 3 13
Geac Computer 3 3 2 2 3 13
Axcan Pharma Inc. 3 3 2 2 3 13
Teck Cominco Ltd. 3 3 2 2 3 13
Aur Resources Inc. 3 3 2 2 3 13
CHC Helicopter 3 3 2 2 3 13
Sobeys Inc. 3 3 2 2 3 13
Golden Star Resources 3 3 2 2 3 13
Sears Canada Inc. 3 3 2 2 3 13
Shaw Communications 3 3 2 2 3 13
CORUS Entertainment Inc. 3 3 2 2 3 13
Shoppers Drug Mart Corp. 3 3 2 2 3 13
Finning International 3 2 2 2 3 12
Bank of Nova Scotia 3 3 2 1 3 12
Canadian National 2 3 2 2 3 12
Enbridge Inc. 3 3 2 1 3 12
Cameco Corporation 3 3 2 1 3 12
Industrial Alliance 3 3 2 1 3 12
Emera Incorporated 3 3 1 2 3 12
Fortis Inc. 3 3 1 2 3 12
Laurentian Bank 3 3 2 1 3 12
Nova Chemicals 3 2 2 2 3 12
Ballard Power 3 3 2 1 3 12
Gennum Corporation 3 2 2 2 3 12
CFM Corporation 3 2 2 2 3 12
Creo Inc. 3 3 1 2 3 12
Esprit Exploration Ltd. 2 3 2 2 3 12
Masonite International 3 3 2 1 3 12
TSX Group Inc. 3 2 2 2 3 12
ONEX Corp. 3 2 2 2 3 12
Brascan Corporation 3 3 2 1 3 12
Goldcorp Inc. 3 3 1 2 3 12
Patheon Inc. 3 3 2 2 2 12
Vasogen Inc. 3 3 2 2 2 12
Barrick Gold Corporation 3 3 1 2 3 12
Ensign Resource 3 3 1 2 3 12
Talisman Energy 3 3 1 2 3 12
Maple Leaf Foods Inc. 3 3 1 2 3 12
Bombardier Inc. 3 3 2 1 3 12
Open Text Corporation 3 2 2 2 3 12
Brookfield Properties 3 3 2 1 3 12
Aber Diamond 3 3 1 2 3 12
Mega Bloks Inc. 3 3 2 1 3 12
Metro Inc. 3 3 1 2 3 12
CanWest Global 3 3 1 2 3 12
Empire Company Limited 2 3 2 2 3 12
Power Financial 3 3 2 1 3 12
Royal Group 3 3 1 2 3 12
St. Lawrence Cement 3 3 2 1 3 12
TLC Vision Corporation 2 3 2 2 3 12
CIBC 2 3 2 1 3 11
Placer Dome Inc. 3 3 1 2 2 11
TransAlta Corp. 3 2 1 2 3 11
BCE Inc. 3 3 2 0 3 11
Aliant Inc. 3 3 1 1 3 11
Vincor International Inc. 3 3 0 2 3 11
Inco Limited 3 3 2 0 3 11
Cambior Inc. 3 3 0 2 3 11
Fairmont Hotels 2 2 2 2 3 11
TELUS Corporation 3 2 2 1 3 11
Cogeco Cable Inc. 2 2 2 2 3 11
Kingsway Financial 3 3 0 2 3 11
Inmet Mining Corporation 3 3 2 0 3 11
Intrawest Corporation 3 3 0 2 3 11
Encana Corporation 3 3 1 1 3 11
Stratos Global 3 2 2 1 3 11
Wescast Industries Inc. 3 1 2 2 3 11
QLT Inc. 3 3 2 0 3 11
GSI Lumonics Inc. 3 3 2 0 3 11
Meridian Gold Inc. 3 3 2 0 3 11
West Fraser Timber 2 3 2 1 3 11
WestJet Airlines Ltd. 3 3 0 2 3 11
CI Fund Management Inc. 3 3 0 2 3 11
Home Capital Group Inc. 2 3 2 1 3 11
Canadian Tire 2 3 1 2 3 11
Cognos Incorporated 3 3 2 0 3 11
International Forest 3 3 1 1 3 11
FirstService Corporation 3 2 2 2 2 11
Alimentation Couche-Tard 3 3 0 2 3 11
Four Seasons Hotels Inc. 3 3 2 0 3 11
Dorel Industries Inc. 3 3 2 1 2 11
Dundee Bancorp Inc. 3 3 2 1 2 11
Penn West Petroleum 2 3 1 2 3 11
Quebecor World Inc. 3 3 1 1 3 11
Extendicare Inc. 3 3 0 2 3 11
Pan American Silver 3 3 0 2 3 11
Alliance Atlantis 2 3 2 1 3 11
ShawCor Ltd. 3 2 1 2 3 11
MI Developments Inc. 3 3 2 0 3 11
Astral Media Inc. 3 2 1 2 3 11
Van Houtte Inc. 3 1 2 2 3 11
Rogers Wireless 3 3 2 0 3 11
Power Corporation 2 3 2 1 3 11
TransCanada Corp. 3 3 1 0 3 10
IPSCO Inc. 3 3 1 0 3 10
Gildan Activewear Inc. 3 0 2 2 3 10
Noranda Inc. 3 3 1 0 3 10
CCL Industries 3 3 1 1 2 10
Cott Corporation 3 3 2 0 2 10
Precision Drilling 3 0 2 2 3 10
Falconbridge Limited 3 3 1 0 3 10
Jean Coutu Group 3 0 2 2 3 10
Linamar Corporation 3 3 1 0 3 10
Molson Inc. 3 3 2 0 2 10
Rogers Communications 2 3 2 0 3 10
Research In Motion  3 3 2 0 2 10
LionOre Mining 2 3 0 2 3 10
Tesma International Inc. 3 3 1 0 3 10
National Bank of Canada 0 3 1 2 3 9
Domtar Inc. 3 3 1 0 2 9
Methanex Corporation 3 3 0 0 3 9
BCE Emergis 3 3 1 0 2 9
Thomson Corporation 3 3 1 0 2 9
ID Biomedical 3 1 2 0 3 9
Quebecor Inc. 2 3 2 0 2 9
Magna International Inc. 3 3 0 0 3 9
Martinrea International 3 3 1 0 2 9
Celestica Inc. 2 2 2 0 3 9
ConjuChem Inc. 3 3 0 1 2 9
Great-West Lifeco 0 3 2 1 3 9
IGM Financial Inc 0 2 2 2 3 9
CAE Inc. 0 3 2 0 3 8
DOFASCO INC.  3 0 2 0 3 8
Manitoba Telecom 3 0 1 1 3 8
Saputo Inc. 3 0 1 1 3 8
ATI Technologies Inc. 3 1 2 0 2 8
George Weston Limited 3 3 2 0 0 8
Glamis Gold Ltd. 3 3 2 0 0 8
Eldorado Gold 3 1 2 0 2 8
Loblaw Companies 3 3 2 0 0 8
Northgate Minerals 3 3 0 0 2 8
Transcontinental Inc. 3 0 2 0 3 8
CGI Group Inc. 3 3 2 0 0 8
Aastra Technologies 3 3 2 0 0 8
First Quantum Minerals 3 0 0 2 2 7
Iamgold Corp. 3 3 1 0 0 7
Angiotech 3 2 2 0 0 7
Biovail Corporation 3 3 1 0 0 7
Forzani Group Ltd., The 3 0 1 0 3 7
Husky Energy Inc. 3 0 1 0 3 7
Gabriel Resources Ltd 3 0 1 0 3 7
CoolBrands International 3 0 2 0 2 7
Western Oil Sands Inc. 3 0 0 0 3 6
Sierra Wireless 3 0 1 0 2 6
Sherritt International Corp. 3 3 0 0 0 6
AGF Management Ltd. 3 0 0 0 3 6
Tundra Semiconductor 2 0 1 0 3 6
FNX Mining Company Inc. 3 3 0 0 0 6
Cinram International Inc. 3 3 0 0 0 6
ATCO Ltd. 0 3 0 0 3 6
Canadian Utilities Limited 0 3 0 0 3 6
TVA Group Inc. 3 3 0 0 0 6
AEterna Zentaris Inc. 3 3 0 0 0 6
Wheaton River Minerals 3 3 0 0 0 6
Agricore United 3 0 0 0 2 5
Canadian Western Bank 0 0 0 2 3 5
Miramar Mining 3 0 0 0 2 5
Intertape Polymer Group 3 0 0 0 2 5
RONA Inc. 3 2 0 0 0 5
SouthernEra Resources 3 0 0 0 2 5
Paramount Resources 3 0 2 0 0 5
Minefinders Corporation 3 0 0 0 2 5
Ivanhoe Energy Inc. 3 0 1 0 0 4
Cequel Energy Inc. 3 0 1 0 0 4
First Calgary Petroleums 3 1 0 0 0 4
Ivanhoe Mines Ltd 3 0 0 0 0 3
Cascades Inc. 3 0 0 0 0 3
Enerflex Systems Ltd. 3 0 0 0 0 3
Bennett Environmental 3 0 0 0 0 3
Nevsun Resources Ltd. 3 0 0 0 0 3
Tesco Corp. 3 0 0 0 0 3
Fairfax Financial Holdings 3 0 0 0 0 3
Southwestern Resources 3 0 0 0 0 3
Trican Well Service Ltd. 3 0 0 0 0 3
Neurochem Inc. 3 0 0 0 0 3
Rio Narcea Gold Mines 3 0 0 0 0 3
Telesystem International 3 0 0 0 0 3
Niko Resources Ltd. 3 0 0 0 0 3
Isotechnika Inc. 2 0 1 0 0 3
Hummingbird Ltd. 3 0 0 0 0 3
Sino-Forest Corporation 3 0 0 0 0 3
PetroKazakhstan Inc. 2 0 0 0 0 2
Bema Gold Corporation 0 0 1 0 0 1