Welcome to the Annual Meeting of the Canadian Coalition for Good Governance

2007 Governance Gavel Winners

The CCGG has 45 full members with combined assets under management in excess of $1.4 trillion

The CCGG has published numerous documents providing guidance on corporate governance issues

• Corporate Governance Guidelines• Compensation Guidelines• Best Practices in Shareholder Communication• Best Practices in Compensation Disclosure• Break Fees Discussion Paper• “Say on Pay” Position Paper• Majority Voting Policy• Draft Model Declaration of Trust Provisions for Public Trusts• Report on Voting Results• Statement of Principles Regarding Member Activism

All documents can be downloaded from www.ccgg.ca

Companies have lowered their governance risk

Governance risk continues to decline: 2003 to 2007

77

43

50

84

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Low Risk

High Risk

Based on the 127 companies that have been included in the study since 2003

98 issuers have a majority voting policy

Majority Voting Adoptees - 2006 to 2008

30

6278

6

7

13

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2006 2007 2008

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Widely Held Corporations Controlled Corporations Income Trusts

30 Adoptees

68 Adoptees

98 Adoptees

Individual director elections are held in 53% of S&P/TSX Composite Companies

Forms of voting used by the S&P/TSX Composite Companies(2007 Proxy Season)

N=266

53%43%

6%

Individual Voting using the best practice method

Slate Voting(cannot vote for

individual directors)

Other Individual Voting methods

The histogram of governance scores continues to shift right

2002

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The histogram of governance scores continues to shift right

2003

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The histogram of governance scores continues to shift right

2004

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The histogram of governance scores continues to shift right

2005

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The histogram of governance scores continues to shift right

2006

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The histogram of governance scores continues to shift right

2007

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