Enhancing Director Effectiveness
Organization – Canexus Corporation
Canexus, a Canadian corporation listed on the Toronto Stock Exchange, is a chemical manufacturing and handling company serving customers for more than half a century. Its governance program was modeled on best practices in Canada. Outstanding governance was instrumental in attracting high-quality, independent directors to the Canexus board.
Board evaluations are a key governance process for Canexus. The annual evaluation included a written questionnaire and an interview process. The Chair of the Corporate Governance and Compensation Committee tabulated and analyzed the questionnaire results. Then, with the results in hand, the Board Chair interviewed all directors.
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