ISSUES IN CANADIAN BOARD TRANSPARENCY

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Abstract

Transparency is considered one of the principles of good corporate governance. But what does it mean – in practice – especially when it comes to Board transparency – i.e. the ability of shareholders to gain knowledge about an organization’s corporate governance practices in order to make an informed assessment of Directors’ individual and collective roles and performance. In a preliminary investigation of Board transparency practices in Canadian listed firms (using data from 2003-2004), it was found that there were wide variations in the nature and quantity of corporate governance practices disclosed. The reasons for these variations are discussed and a number of recommendations for improved disclosure are presented.

Keywords: transparency, disclosure, corporate governance, boards, performance

How to cite this paper: Bart, C. (2007). Issues in Canadian board transparency. Corporate Board: role, duties and composition, 3(1), 43-47. https://doi.org/10.22495/cbv3i1art5