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2006 Corporate Governance Conference
(Conference Board)
February 8 & 9, 2006
The 2006 Corporate Governance Conference: Striking the Right Balance was held on February 8 & 9, 2006 at the Four Seasons Hotel in Toronto, Ontario, Canada by the Conference Board of Canada. According to the Board's web site, it is not a government department nor agency, it is a not-for-profit Canadian organization, is objective and non-partisan and does not lobby for specific interests. Further the Board is funded exclusively through the fees it charges for services to the private and public sectors and also claims to be experts not only in running conferences but also at conducting, publishing and disseminating research, helping people network, developing individual leadership skills and building organizational capacity.
On February 8, 2006, The Conference Board of Canada announced the following winners of the Spencer Stuart 2006 National Awards in Governance at a gala dinner at the Four Seasons:
According to the Conference Board of Canada,
superior corporate governance is not only about a process to meet an immediate regulatory requirement it's also about the long-term success and sustainability of the enterprise. At its best, effective governance can add value and contribute to organizational performance and effectiveness. Many corporate leaders believe that the costs and legal and regulatory processes are out of balance with the needs of efficient and effective governance. Hence, the 2006 Corporate Governance Conference: Striking the Right Balance attempted to strike the right balance between these two goals and provided a forum for the experts to discuss these issues and the latest governance developments.
At this conference, legal and accounting experts as well as Chairs of large private corporations such as Gilbert Bennett Chairman of the Board, Canadian Tire and Gail Cook-Bennett, Chairperson, Canada Pension Plan Investment Board presented ideas regarding board reorganizations and other techniques for good management.
Most attendees found the conference very useful; however, when asked if good governance techniques will prevent problems such as Enron, many Chairs on the panel sounded doubtful. In our view, making the Chairman personally responsible should enhance the probability of prevention although the costs are substantial!
For more information on Corporate Governance, visit the Board's web site by clicking on this page and be sure to check back here for information on the The 2007 Corporate Governance Conference!
Alister Mason, Steve Viewec
Allan Taylor
Kent Bassett-Spiers, Ex. Dir., Ontario Neurotrauma Foundation
John & Jeff, SpencerStuart
Prem P. Benimadhu, after Lunch Presentation
Meeting the Innovation Challenge
