The Canadian Coalition for Good Governance (CCGG), an institutional investor advocacy group, has announced the latest winners of its awards recognizing outstanding proxy disclosure practices.
The CCGG announced the recipients of its Governance Gavel Awards for 2014 at an industry conference in Banff Tuesday. Canadian Pacific Railway Ltd. was recognized for having the best disclosure of its board governance practices and director qualifications. Pembina Pipeline Corp. was hailed as having the best disclosure of the company’s approach to executive compensation. And, Vermilion Energy Inc. was lauded for having the best disclosure of its governance practices and approach to executive compensation by a small or mid-sized issuer.
The awards, which were established in 2005, “aim to recognize excellence in shareholder communications by issuers through their annual proxy circulars focusing on executive compensation disclosure and the communication of director qualifications and board practices.”