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TransCanada has been named in the "Top 25 Boards" in Canada in the Canadian Business magazine for the fifth year in a row. The magazine notes increasingly stringent regulatory requirements for corporate governance have made for tough competition, but TransCanada retains a highly respectable sixth place based on points.
"We're very proud to once again be recognized as an extremely well-governed company," said Hal Kvisle, CEO. "This is testament not only to the quality of people that serve on our board and their commitment to our company, but also to the efforts all TransCanada employees make to observe company policies and procedures."
The Canadian Business rankings determine both the best and the worst boards in Canada based on four criteria:
- Independence - the composition of the board and its committees
- Accountability - the board's responsiveness to shareholders, how well the board manages and evaluates its own performance, and the amount of shares owned by directors and management
- Disclosure - overall disclosure of the company compared to its peers
- Three-year total return - how well a company's stock has performed over the past three years as compared to the share price performance of the S&P/TSX composite index
For more information on the Top and Bottom Boards, visit Canadian Business magazine. Our Corporate Governance section on TransCanada website also provides information on our Board.
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