BMO Financial Group continues to be recognized for its leadership in corporate governance, most recently ranked number one among the top 25 Boards in Canada, according to a recent survey.
BMO scored 99 out of a possible 100 points in the survey by Canadian Business Magazine, which assessed companies on the basis of accountability, board independence, disclosure, three-year total return and three-year return vs. the TSX.
The mangazine noted that BMO was one of the first companies in Canada to implement a comprehensive board evaluation system that evaluated the contributions of each director as well as the effectiveness of the board as whole.
BMO Chairman, David Galloway stated, “Sound governance and ethical behaviour begins with our Board of Directors. It is our responsibility to ensure that each member of senior management is held accountable – to shareholders, customers, employees, and to the communities in which we do business – for his or her actions.”
Tony Comper, president and CEO, said, “BMO’s senior management team recognizes that the interests of shareholders and our business are advanced by a commitment to sound principles of corporate governance. This acknowledgement reinforces our commitment to maintaining and building upon our reputation as a leader in corporate governance practices.”
BMO ranked first among top 25 boards in Canada
Survey notes bank’s comprehensive board evaluation system
- By: IE Staff
- August 17, 2005 August 17, 2005
- 11:10