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September 2021 Update:

Join us to watch the “LIVE” broadcast from the specially designed EGAs Studio on Thursday, November 4, 2021, at 3pm ET to celebrate the best-in-class governance practices in Canada.

Though we are unable to gather in-person, GPC looks forward to hosting the Awards virtually, as this prestigious event has become the most anticipated and important annual gathering for the Canadian governance community.

The Awards proudly gathers a plethora of top governance practitioners and subject matter experts. GPC will be honouring Canadian organizations for their dedication and contribution towards good governance in the following categories:

  • Board or Director Effectiveness
  • Diversity, Equity and Inclusion (DEI)
  • Executive Compensation
  • Governance Office Matters
  • Risk Management
  • Strategy
  • Sustainability

GPC will also be awarding exceptional individuals in governance in the following categories:

  • Governance Professional of the Year
  • Peter Dey Governance Achievement Award

View this year’s shortlisted organizations HERE!

More details on our exciting virtual Awards hub to come soon! Follow our social media pages below to stay in the know and don’t miss on the event of the year for Governance Professionals!

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PLEASE NOTE that the submission methodology and criteria has been changed for 2021 to allow for a more open process. If you have submitted nominations in the past, be sure to read the instructions below as the process has been changed.

NEW AWARDS SUBMISSION CRITERIA

EG Award Submission Criteria

The Excellence in Governance Awards are being recast in 2021 to reflect the current governance environment and the challenges faced by organizations in ensuring they remain sustainable and relevant in a rapidly evolving landscape. The awards will also focus more on the Governance Professional’s role in adding value to their organization.

In addition to the Governance Professional of the Year (which now includes both current and former governance professionals) and the Peter Dey Award, awards will be given to organizations for practices or innovations in any of the nomination areas. Winners will be based on the best practices and innovations that provide insights that can assist other Governance Professionals and their organizations.

Nomination Areas

Nominations may be made for any innovative practice or process that falls within any of the nomination areas set out below. Within each of the areas are several examples of possible specific areas on which organizations may wish to focus their nomination. The examples are not exhaustive and nominees are encouraged to submit any practice or innovation they feel enhances the governance of their organization. Please check all that apply to the submission and if not in the list, please add under ‘Other’.

  1. Board or Director Effectiveness
  2. Diversity, Equity and Inclusion (DEI)
  3. Engagement
  4. Executive Compensation
  5. Governance Office Matters
  6. Organizational Governance
  7. Risk Management
  8. Strategy
  9. Sustainability
  10. Governance Professional of the Year
  11. Peter Dey Governance Achievement Award

Award Submission Process

Each nominee MUST submit an executive summary which details a practice or an innovation in one of the nomination areas and highlights the role of the Governance Professional in enhancing the organization’s processes or effectiveness through the innovation.

Submissions should be limited to innovation or continuous improvement in one nomination area that has been implemented within the last 18 months. Each organization may submit a maximum of three nominations in all categories, combined.

The judging panel requires a clear and consistent explanation of what differentiates the nominee from its peers. The summary should include why the organization / individual / program is unique and what makes it “the best.” This should include a narrative of not only what was done, but also “how” and “why.”

The executive summary is limited to 750 words and should address the following questions in its content.

·         What nomination area does the practice or innovation fit within?

·         How does the organization’s approach in the nomination area support value creation for the organization and its stakeholders?

·         How is the Board involved in the nomination area?

·         How does the board oversee performance in the nomination area?

·         What results have been achieved with regard to the nomination area?

·         What is the role that the Governance Professional plays in coordinating/managing these processes and how are they empowered, resourced and supported to add the most value?

Attachments should be used sparingly, if at all. If used, they should be provided as an example of the practice, process or innovation, not as a description of it.

When including supporting materials to support the nomination from other documents, please provide extracts only of the relevant page or pages, as well as highlight the specific areas that are being submitted as supporting information. NO MORE than up to 7 pages of supporting materials can be provided in a single file for any one submission.

Executive summaries that refer to a “see attached” within their narrative to describe their innovation will be returned for rewrite. They must summarize each element within the summary.

1. Board or Director Effectiveness

  • Agenda development
  • Individual director requirements
  • Director skills and talents
  • Director recruitment
  • Director evaluation
  • Board refreshment
  • Board duties and division of responsibilities with committees
  • Board evaluation
  • Board orientation
  • Board education
  • Board materials and presentations
  • Time management for meetings
  • Removing directors from the board
  • Other:

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2. Diversity, Equity and Inclusion (DEI)

  • Board diversity
  • Board oversight of DEI
  • Defining diversity
  • Measuring diversity
  • Inclusion in the boardroom
  • Setting and communicating goals
  • Rights of Indigenous Peoples
  • Addressing equity and inclusion
  • Workforce diversity, equity and/or inclusion
  • Board renewal in light of DEI
  • Other:

3. Engagement

  • Shareholder engagement
  • Shareholder activism
  • Innovative mediums for communication
  • Interactive communications
  • Public disclosure
  • Board role in oversight of stakeholder relations
  • Board role in communicating with, and engaging, stakeholders
  • Reporting on stakeholder value creation
  • Stakeholder representatives on the board
  • Corporate activism; board role in corporate position statements
  • Board’s role addressing stakeholder conflicts and trade-offs
  • Other:

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4. Executive Compensation

  • Executive compensation practices
  • Executive compensation programs
  • Executive compensation disclosure
  • Ties to purpose, risk, strategy, performance and ESG (environmental, social, governance)
  • Shareholder engagement on executive compensation
  • Compensation Discussion and Analysis (CDA) innovations
  • Clarifying compensation disclosure
  • Other:

    5. Governance Office Matters

    • Subsidiary governance practices
    • Delegations of authority
    • Records management
    • Internal policy development, ownership and approvals
    • Teamwork between Governance Office and other departments
    • Defining roles and compensation in the Governance Office
    • Other:

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    6. Organizational Governance

    • Developing by-laws
    • Mandates
    • Position descriptions
    • Roadmaps
    • Calendars
    • Defining members (in member-based organizations)
    • Integrated governance systems
    • Insider trading policies, procedures and practices
    • Ethics policies and programs
    • Whistleblower protections
    • Clawback policies

    7. Risk

    • Compensation Risk
    • ESG (environmental, social, governance) Risk
    • Climate Change Risk
    • Oversight of enterprise risk management
    • Reporting risk to the Board and Committees
    • Crisis management
    • Board approach to scenario planning

    8. Strategy

    • Strategic oversight by board
    • Strategic planning processes or practices
    • How strategy is integrated into regular meetings
    • Strategic planning session (format or content)
    • Value creation by the board
    • Strategy-risk connection
    • Purpose-ESG-Strategy connection
    • Defining critical success factors
    • Ensuring the right leadership team to carry forward strategy

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    9. Sustainability / ESG (Environmental, Social, Governance)

    *Note ESG and Sustainability are used interchangeably.
    • Board Sustainability / ESG oversight practices
    • Board adoption and oversight of corporate purpose
    • ESG auditing and reporting
    • Committee ESG roles
    • ESG in executive incentive plans and performance objectives
    • ESG in succession planning and recruitment
    • ESG in corporate strategy
    • ESG in risk management
    • Board ESG education, competencies, assessments, and recruitment
    • ESG in governance manuals and procedures.

      10. Governance Professional of the Year

      This award category is open to individuals who currently work or formerly worked in the role of governance professional (corporate secretary, assistant corporate secretary, de facto corporate secretary or member of the governance office or corporate secretariat team, etc.) who have shown outstanding leadership and/or innovation in one or more aspects of governance.

      This award recognizes outstanding and ongoing achievement in the realm of corporate governance practice within and beyond their organization. Nominations for this award should provide details on the achievements of the individual in governance matters and also demonstrate the innovations and leadership which make him or her stand apart and deserve this unique recognition. Special consideration will be given to individuals who have contributed to the improvement of their own organization’s governance on a continuous basis, who have provided mentorship to those they impact within their own organization and/or in the profession as a whole, and who have shown leadership in carving out or pursuing new and innovative processes in governance.

      This award is meant to recognize the outstanding contributions by an individual to the role of the governance professional and the practice of corporate governance in Canada.

      Please follow the guidelines on length of submission and use of attachments set out in the nomination process for the Excellence in Governance awards..

      11. Peter Dey Governance Achievement Award

      Considered to be the “Godfather of Canadian governance,” Peter Dey is to thank for the inception of GPC, as it formed around the time the 1994 Dey Report was issued in order to respond to a growing demand from governance professionals for a forum of like-minded individuals. This award recognizes outstanding and ongoing achievement in the realm of corporate governance. This person need not be a GPC member or a corporate secretary; rather, it is someone who has significantly impacted the way companies are governed, are regulated, or how they communicate with investors and the wider community. This award is meant to recognize the outstanding contribution(s) by an individual to corporate governance in Canada.


      Please follow the guidelines on length of submission and use of attachments set out in the nomination process for the Excellence in Governance awards.

      GPC expects that between 5 and 7 awards will be granted annually, drawn from all nomination areas. Accordingly, there will not necessarily be an award (nor shortlisted nominees) drawn specifically from any particular nomination area in any particular year. Rather, the focus will be upon the best submissions drawn from any and all of the nomination areas, both for shortlisting and for the final determination of awards.


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      For EGA inquiries, please contact:

      Letricia Fullerton
      Manager, Administration, Education & Special Projects
      416-921-5449 ext. 313


      Official Partner of GPC

      Governance Professionals of Canada - 21 St. Clair Avenue East, Suite 802, Toronto, ON M4T 1L9
      TEL: (416) 921-5449/1-800-774-2850 | FAX (416) 967-6320 | info@gpcanada.org |www.gpcanada.org 

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