Announcing Canada's 10 Most Admired Corporate Cultures ™ of 2011

The performance of Canada's 10 Most Admired Corporate Cultures of 2011, in terms of three-year
average revenue growth, has significantly outpaced the S&P/TSX 60
by an average of over 1,300 percent - or 13 times
their performance, in terms of a three-year compound annual growth rate,
outpaced the S&P/TSX 60 by an average of over 700 percent - or seven times

TORONTO, Nov. 17, 2011 /CNW/ - Waterstone Human Capital, one of Canada's fastest-growing retained executive search firm specializing in recruiting for fit and in cultural assessment, today announces the national winners of the Canada's 10 Most Admired Corporate Cultures™ of 2011 program.

Canada's 10 Most Admired Corporate Cultures of 2011, in alphabetical order, are:

Agrium Inc. (Calgary, AB)
CIBC (Toronto, ON)
Coast Capital Savings Credit Union (Surrey, BC)
ING Direct Canada (Toronto, ON)
Kinross Gold Corporation (Toronto, ON)
Ledcor Group of Companies (Vancouver, BC)
Loblaw Companies Limited (Brampton, ON)
RBC (Toronto, ON)
Shoppers Drug Mart (Toronto, ON)
WestJet Airlines (Calgary, AB)

In addition, four organizations were chosen in special categories:

Special Category National Award - Best Emerging Organization:
Nurse Next Door Home Healthcare Services (Vancouver, BC)

Special Category National Award - Broader Public Sector:
Right to Play International (Toronto, ON)
The Hospital for Sick Children (Toronto, ON)

Special Category National Award - Canada's 10 Culture Connection Award:
Farm Credit Canada

The Canada's 10 Culture Connection Award is a new to the Canada's 10, 2011 program. The award recognizes an organization that stands apart from its peers as demonstrating outstanding cultural alignment and innovation that is connected to performance.  It is named appropriately after Marty Parker's (Founder, Chairman and CEO of Waterstone Human Capital) new book Culture Connection: How Developing a Winning Culture Will Give Your Organization a Competitive Advantage.

"This year's winners demonstrate great leadership, vision and commitment. They are driven to not only survive, but to thrive in today's challenging economy, and they are all leading examples of how winning cultures impact performance," says Marty Parker, Chairman and CEO of Waterstone Human Capital. "They have proven something we at Waterstone have always known, that great people that fit create great cultures, and great cultures create a competitive advantage that generates outstanding results, in both good times and in bad."

Fast Facts - Canada's 10 Most Admired Corporate Cultures:

  • This is the 7th year of the Canada's 10 Most Admired Corporate Cultures program
  • The competition was even tougher than in 2010, which in and of itself was a record-setting year for Canada's 10 in terms of nominations and submissions.
  • Over 400 organizations were nominated, and there was a 20 percent increase over 2010 in terms of the number of organizations proceeding with a formal submission to the program.
  • In-person interviews were held this past summer, across the country, between Waterstone Human Capital and senior executives from the submitting organizations.
  • The program's 26-member Board of Governors, consisting of top executives from many leading organizations from across Canada, voted on the submissions and chose 10 winners in three different regions (Western Canada, Central Canada and Quebec & Atlantic Canada), as well as 10 special category regional winners, at the end of September.
  • Canada's 10 Most Admired Corporate Cultures' Board of Governors reconvened for the national vote on Tuesday, November 8, 2011.
  • Canada's 10 Most Admired Corporate Cultures of 2011 will be celebrated at the 7th annual gala on Monday, February 6, 2012, at the Four Seasons Hotel Toronto.

"This award recognizes the importance of great workplaces, but more importantly - great workplaces where culture drives performance," says Parker. "Culture is the one thing that distinguishes an organization. It's the greatest asset any organization can have, because it has the single greatest impact on performance."

Canada's 10 Most Admired Corporate Cultures of 2011 Program Partners:
Founder and Presenter: Waterstone Human Capital
Leadership and Education Partner: Richard Ivey School of Business
Media Partner: The National Post
Travel Partner: WestJet Airlines
Brand, Technology and Marketing Partner: Design Lab
Central Canada Partner: Acklands-Grainger
Quebec and Atlantic Canada Partner: Medavie Blue Cross, Desjardins Group
Western Canada Partner: Canadian Western Bank, TELUS

About Canada's 10 Most Admired Corporate Cultures™: Canada's 10 Most Admired Corporate Cultures is founded and presented by Waterstone Human Capital, a leading retained executive search firm specializing in recruiting for fit and in cultural assessment. This national program, now in its seventh year, annually recognizes best-in-class Canadian organizations for having a culture that has helped them enhance performance and sustain a competitive advantage. Canada's 10 is Waterstone's R&D Lab: through our annual Canadian Corporate Culture Study, the hundreds of program submissions, the nominee interviews, as well as through our Corporate Culture Summit, our regional events and our national gala, Waterstone is at the forefront of best practices in culture and fit - practices we share with our clients, to help them recruit for fit, conduct cultural assessments and build great organizations.

About Culture Connection: Marty Parker, Founder, Chairman and CEO, Waterstone Human Capital,  reveals the best practices of some of the world's top companies to help business leaders generate extraordinary business results by spearheading cultural change and alignment in their own organization. Featuring Canada's 10 Most Admired Corporate Cultures, Culture Connection helps readers define their vision and gives them invaluable guidance on how to: Set the stage for improved communication, innovation, and performance; Provide significant shareholder return; Measure and align their organization's efforts; and recruit—and retain—the best people in their industry. Culture Connection is published by McGraw-Hill Ryerson.

About Waterstone Human Capital: Waterstone is a leading retained executive search firm specializing in recruiting for fit and in cultural assessment. We are experts at assessing and articulating organizational culture, and we help our clients find and keep great people - great people that 'fit' our clients' unique cultures, and who ultimately drive organizational performance. Our head office is located in Toronto, with regional offices in Halifax and Vancouver as well as in Palo Alto, California.

SOURCE Waterstone Human Capital

For further information:

Soomi Kwak, Director of Marketing and Communications, Waterstone Human Capital, 416 408 4545 x273,

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