Canadian Business Uncovers The 25 Best & Worst Boards In Canada

NEWS RELEASE TRANSMITTED BY CCNMatthews 
FOR:  CANADIAN BUSINESS 
AUGUST 7, 2002 
Canadian Business Uncovers The 25 Best & Worst Boards In
Canada 
TORONTO, ONTARIO--  
What do a bank and oil company have in common? Two great boards of
directors. Royal Bank of Canada and Petro-Canada came out on top 
on Canadian Business' 2nd annual controversial ranking. Quebecor, 
with a dismal -35% three-year return on investment, clocked in 
dead last.  
Questionable accounting, poor corporate governance and allegations
of fraud have hurt investor confidence. Where was the board, 
investors are asking, when Nortel imploded or Enron collapsed? 
Which boards can shareholders trust to protect their interests_and
which ones should send up red flags?  
Best & Worst Boards ranks the 25 best and 25 worst boards of 
directors in Canada. What did we look at? We divided the criteria 
into four weighted categories: independence (worth 10 points, or 
25%), accountability (14 points, or 35%), disclosure and board 
performance (6 points, or 15%) and share performance (10 points, 
or 25%). We awarded positive points for good behavior or 
structures and deducted points for clear examples of bad 
governance.  A conscientious, well-performing board can receive a 
perfect score of 40 points. Companies with less-than-sterling 
boards can go as low as -25.   
/T/ 
Best 5 Boards                   Worst 5 Boards
1. Petro-Canada                 1. Quebecor
1. Royal Bank of Canada         2. Dundee Bancorp Inc.
3  Finning International Inc.   3. Dorel Industries Inc.
4. Enbridge Inc.                4. TrizecHahn Corp. 
5. Dofasco Inc                  5. CanWest Global 
Communications Corp. 
/T/ 
The full report of Best & Worst Boards In Canada appears in the 
August 19, 2002, issue of Canadian Business, on newsstands now. 
Visitwww.canadianbusiness.com for the full story. The editorial 
staff is available for more information.   
Canadian Business is Canada's leading business magazine, offering 
timely reports on events in Canada's business community. With a 
readership of more than 1.1 million, the magazine is published 
every second Monday except in January and July, when monthly 
issues are published. Special annual issues of Canadian Business 
include the Investor 500, the Rich 100, the MBA Report, the 
Discount Brokerage Survey and the Tech 100.   
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FOR FURTHER INFORMATION PLEASE CONTACT: 
Canadian Business
Colin Hunter
(416) 596-3494
or
Canadian Business
Sarah-Jane Pearce
(416) 596-5376 
INDUSTRY:  MED
SUBJECT:  NWS 
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-0- Aug/07/2002 13:30 GMT
 
 
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