About david beatty canadas leading corporate governance. The policy provides a mechanism by which qualifying shareholders may submit director nominations to be included in our proxy circular and form of proxy. We thank the canadian coalition for good governance for making their information available to us and matt fullbrook and the shareholder association for research and education share. Ccgg was formed in 2003 after a change in legal rules lowered expected. Beatty has been a director of the corporation since 2003 and has served as lead director for the past five years. The canadian coalition for good governance is seeking comments on the latest version of its corporate governance guidelines. The result was that time spent on the foresight functions should be doubled.
Jul 04, 2018 the canadian coalition for good governance ccgg has named catherine mccall as its new executive director, effective july 1, the torontobased shareholder advocacy group has announced. The art of communication in the boardroom david beatty, canadian coalition for good governance effective meetings. Bill langdon vicepresident, intellectual capital society of management accountants of canada. Canadian coalition for good governance, january 7, 2008 press. He has led as a director on the board of a major canadian bank and as a chair of a major canadian mining company. The canadian coalition for good governance, which represents canadian institutional shareholders through the promotion of best corporate governance practices, recently released its corporate governance guidelines for building high performance boards, which are intended to improve the accountability of individual directors. Beatty to retire from canadian coalition for good governance. Our strategy is to raise the horizons and potential of directors by deepening and enriching their knowledge and application of advanced skills. We have modeled this guide after a similar handbook prepared for the members of philanthropy australia, and we are grateful for the inspiration provided by the author of that guide, david ward. David beatty conway professor of strategy, rotman school of business, university of toronto. Claude lamoureux cm, former ceo ontario teachers pension plan canada by email. David beatty, managing director of the canadian coalition for good governance, believes that good corporate governance aligns the interests of board and management with those of the shareholder.
Adding to the vast landscape of corporate governance reforms, the canadian coalition for good governance released a set of twelve guidelines this fall that it hopes will improve corporate governance practices. Promoting good governance in canada ethical boardroom. Anita anand, david beatty, bernard black, susan christoffersen, peter cziraki, craig dunbar, stephen erlichman. David is conway chair of the clarkson centre for business ethics and board effectiveness at the rotman school of management. In this paper, we study the governance activism conducted by an icao called the canadian coalition for good governance ccgg. The role of the chair orchestrating the board david beatty. Canadian coalition for good governance, january 7, 2008. Beatty also served on peter druckers foundation board in the united states for over a decade, the last few years as vice chairman and was chair of. A version of this article will also appear in the winter 2017 edition of rotman management, published by the university of torontos rotman school of management. Mastering the art of gentle persuasion investment executive. Jul 03, 2018 toronto, july 03, 2018 globe newswire the canadian coalition for good governance ccgg has named catherine mccall its new executive director, effective july 1, 2018. Jan 08, 2008 january 7, 2008, canadian coalition for good governance press release. David beatty, canadian coalition for good governance excellent market meltdown michael campbell, chief economic analyst, bctv news and canada tonight.
Hes former managing director of the canadian coalition. He was the founding managing director of the canadian coalition for good governance 20032008. Gil bennett chairman canadian tire corporation limited. He also serves as managing director of the canadian coalition for good governance. Even the managing director of the canadian coalition for good governance ccgg has a hard time with. Canadian coalition for good governance says now is not the time for say on pay regulations for executive compensation december 12, 2007, canadian coalition for good governance. David beatty is an adjunct professor and conway chair of the clarkson centre for business ethics and board effectiveness at the rotman school of management. Jan 11, 2008 the canadian coalition for good governance was formed to promote good governance practices in the public companies owned by our members. Corporate governance leaders to convene at global summit. E and the order of canada, and serves as an honorary consul to canada for the government of papua new.
It was agreed that the heart of the issue was a problem of governance. Citeseerx we thank the canadian coalition for good. Should corporate governance matter to shareholders. The need to know by david ward, australian philanthropy, winter 2009, issue 73, p. In this capacity he has served the worlds largest company, saudi aramco, and appears regularly on conference board joint venture sessions.
David beatty, the conway chair at the clarkson centre for business ethics and board effectiveness at the university of torontos rotman school of management, was once a vocal critic. Professor david beatty, friday, march, 2020 location. Beatty wins lifetime achievement award for corporate. The canadian coalition for good governance response to. David beatty is a champion of integrity in corporate governance.
The context of fiduciary governance 14 effective directors compensation in a fiduciary context 16 conclusion 25 references 26 appendix appendix i. Although david will be stepping down as an active member of the board, his influence and the initiatives he started will continue. Article pdf 2mb how activist investors are transforming the role of publiccompany boards. Beatty was the former managing director of the canadian coalition for good governance, and has held numerous board of director and executive management positions over his distinguished career. The canadian coalition for good governance was formed to promote good governance practices in the public companies owned by our members. David beatty, managing director of the canadian coalition for good governance, believes that the shareholders best line of defence in ensuring that. A brief overview of corporate governance in canada from the.
Osc notice 11904 request for comment regarding the proposed passport system keywords. Catherine mccall named executive director by canadian. How activist investors are transforming the role of publiccompany boards january 3, 2017 article. Founding ceo of the canadian coalition for good governance. Canadian coalition for good governance investment executive. David beatty, university of toronto, rotman school of. Policy of the canadian coalition for good governance 32 about igopp 33 list of igopp policy papers 34. Dual class share policy august 28, 20 with ccgg header. The canadian coalition for good governance ccgg is the preeminent corporate governance organization in canada uniquely positioned to effect change as the voice of institutional shareholders that invest in canadian public equities. Drawing on his experience as a business executive, he served as the managing director of the canadian coalition for good governance, where he led the development of policies to improve transparency in our public companies. It is the role of the board, and in particular the compensation committee, to establish appropriate executive compensation plans that clearly align the interests of shareholders and management, said david beatty, managing director, canadian coalition for good governance. Can institutional investors improve corporate governance. Nonexecutive directors david beatty corporate governance.
The canadian coalition for good governance ccgg is the preeminent corporate governance organization in canada and is uniquely positioned to effect change as the voice of shareholders. He was the founding managing director of the canadian coalition for good governance, the preeminent corporate governance organization in canada, from 2003 to 2008. He was the founding managing director of the canadian coalition for good governance 2003 to 2008. Governance getting a grip on the 2004 barclays global. David beatty, 61, is chairman and chief executive officer of beatinvest limited, a holding company, and is the former chairman and chief executive officer of old canada investment corporation limited, an investment management company. Advising the board of directors the canadian coalition for.
Good governance w a guide for directors of canadian foundations. As well, david beatty, managing director of the canadian coalition for good governance, said today that the canadian coalition for good governance strongly supports the directors college initiative. How activist investors are transforming the role of public. Mccall, previously the ccggs director of policy development, succeeds steve erlichman.
Introduction investors are steadily, yet cautiously, returning to the capital markets in the wake of the global financial crisis of 2008. The awards were presented at the 14th annual corporate governance conference hosted by the canadian society of corporate secretaries earlier today in vancouver. Canadian coalition for good governance danielle smith. David beatty managing director canadian coalition for good governance. The debate was moderated by ccgg executive director, catherine mccall. Ccgg position on say on pay 2 pages, 54 kb, in pdf format. Beatty is the founding managing director of the canadian coalition for good governance where he served between 2003 and 2008. The mission of the coalition is to represent canadian institutional shareholders through the promotion of best corporate governance practices and to align the interests of boards and.
The institutional shareholder group has issued for comment new corporate governance guidelines that set out its expected best practices for creating effective boards of directors. Canadian coalition for good governance appoints new executive. The canadian coalition for good governance response to osc. The board of directors engaged in dialogue with various stakeholders, including the canadian coalition for good governance, and consulted with legal experts in developing our proxy access policy. Beatty, thank you for the opportunity to comment on the ccggs proposed position on the issue of allowing shareholders to provide input on executive compensation or say on pay. More than 20 major canadian companies have pledged to introduce new voting provisions for electing directors following an aggressive behindthescenes lobbying campaign by the canadian coalition. Jun 15, 2007 david r beatty canadian coalition for good governance subject. Icd, cfa spent a decade managing one of north americas largest food companies.
The canadian coalition for good governance ccgg is the preeminent corporate governance organization in canada uniquely positioned to effect change as the. David beatty, professor at the rotman school of management at the university of toronto, was presented with a lifetime achievement award from the icgn. Ccgg promotes good governance practices in canadian public companies and the improvement of the regulatory environment to best align the. The canadian gender and good governance alliance the alliance is an unprecedented partnership of leading notforprofit organizations focused on research, advocacy and education in the areas of governance and gender diversity. The coalition represents over 20 canadian institutional investors, including ontario teachers pension plan board, opseu pension trust. Osc notice 11904 request for comment regarding the proposed passport system created date.
Ccgg seeks comment on revised corporate governance guidelines. Anita anand, david beatty, bernard black, susan christoffersen, arnie cowan, peter cziraki, craig dunbar, stephen. David served on peter druckers foundation board in the united states for over a decade, the last few years as vice chairman and was chair of upper canada college from 199297. Corporate governance in canada mcmillan llp the canadian. Each director was asked how hisher board spent their time today and then how they felt the should invest their time. Beatty is the managing director of the canadian coalition for good governance, an organization that. Over his career he has served on 39 different boards of directors in canada, america, mexico, australia and england and been chairman of 9 public companies. The debate continues thursday, 27 february 2020 at the st. He is also former managing director of the canadian coalition for good governance. In october 2007, the ethical funds company asked all companies listed on the. He currently serves on the board of the londonbased.
The coalition is widely recognized as a premier investor association not only in canada but also globally. Eventbrite canadian coalition for good governance presents dual class shares. Governance activism by an icao provides a potentially attractive alternative to both uncoordinated investor activism and to regulated solutions to governance concerns. David served on peter druckers foundation board in. Some winners, few losers, no apologies firstservice. In fact, the paper finds the inverse can be true in the case of familycontrolled firms. Toronto, ontario august 20, 2012 the canadian coalition for good governance is pleased to announce the recipients of the 2012 governance gavel awards. The canadian coalition for good governance, which represents canadian institutional shareholders through the promotion of best corporate governance practices, recently released its corporate governance guidelines for building high performance boards which are intended to improve the accountability of individual directors, board structures and board. On february 27th, 2020, ccgg hosted professor david beatty of the david and sharon johnston centre for corporate governance innovation at the rotman school of management and ken bertsch, executive director of the council of institutional investors in a dual class shares debate. David is a professor at the university of torontos rotman school of management where he teaches corporate strategy and corporate governance. As for whether dualclass shares actually allow executives to make better decisions, as mr. What a national securities regulator will mean for consumers and businesses guest.
Canada is now available corporate governance practices in canada are shaped by legal rules, including provincial corporate statutes, securities regulations, stock exchange requirements and the common law, as well as best practices promoted by a range of stakeholders, such as institutional shareholder groups and professional director associations like the. Beatty, who moonlights as the managing director for the canadian coalition for good governance and, coincidentally, is a director of firstservice. We produce companyspecific research, frequent and timely webinars, and a monthly governance newsletter. Opening arguments by panelist, david beatty, academic. Beatty conway director of the clarkson centre for business ethics and board effectiveness rotman school of management university of toronto. David beatty serves as mckinseys senior advisory globally on both corporate governance and joint ventures. Inmet mining announces the appointment of david beatty as. David beatty is retiring as managing director of the canadian coalition for good governance ccgg, effective june 16. Director of the canadian coalition for good governance 20032008. Jan 07, 2008 it is the role of the board, and in particular the compensation committee, to establish appropriate executive compensation plans that clearly align the interests of shareholders and management, said david beatty, managing director, canadian coalition for good governance. Over his career, he has served on more than 39 boards of directors and been chair of nine publicly traded companies.
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