Special Report

Corporate Governance

Stating the values of a good corporate entity, this supplement, the second of two, examines the principles of good corporate governance in balancing performance against the pressures of the marketplace and a board of directors' responsibilities to shareholders. It looks at the issues and speaks to business leaders, regulators and theorists.

• Part 1
• Read Part 2

A made-in-Canada solution

Unlike the U.S., Canada is leaning to a blend of voluntary and mandatory compliance rules

by Randy Ray

Voluntary or mandatory? The debate that has raged over the best way to boost corporate governance compliance in the wake of business scandals in the United States is heading toward a "made-in-Canada" solution many feel will take advantage of the best ideas both countries have to offer.

Are directors paid enough?

The job is tougher than ever now, but compensation here falls short of U.S. norms

by Ann Kerr

Are companies putting themselves at risk by not paying their directors enough?

What really makes a board effective

It's not structure but membership and process, argues Richard Leblanc

by Richard Leblanc

From that experience, I can tell you what matters to board effectiveness is not structure but membership and process: the competence of the individual directors and their behaviour, and how boards work and reach the decisions they do.

CCGG: Much done, much more remains

by Michael Ryval

When the Canadian Coalition for Good Governance was established a little more than a year ago, the organization represented a new form of shareholder activism.

Russia seeks Canada's governance guidance

Canadian-style caution seen as key to attracting international investment

by Michael Lewis

While North American companies struggle to redeem their images in the wake of business accounting scandals, emerging economies in Eastern Europe are aiming to lay the best corporate governance practices from the ground up.

It's back to school for corporate directors

As rules tighten, two new certification programs aim to teach board members how to do a better job

by Michael Ryval

Students who complete The Directors College's program will receive the "Chartered Director" (Ch. Dir.) designation. Participants at the Rotman School program will receive a certificate of completion. Both schools share an emphasis on exploring the dynamics of boardroom conduct, dealing with real-world examples and using simulation exercises.

Audit reforms still under fire

by Michael Lewis

Reforms aimed at heightening the independence of corporate audits will not prevent the sort of conflicts that triggered the collapse of Enron Corp. and the dissolution of its auditor, Arthur Andersen LLP, critics charge.

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