Canadian Coalition for Good Governance awards SNC-Lavalin Inc. with the 2007 Governance Gavel for corporate disclosure

    - TransCanada Corporation also receives award for executive compensation
    disclosure -

    LA MALBAIE, QC and TORONTO, Sept. 12 /CNW/ - The Canadian Coalition for
Good Governance (CCGG) has named SNC-Lavalin Inc. as Corporate Canada's leader
in director disclosure in 2007. The "Governance Gavel Award" is presented to
the company that the Coalition deems to have the best disclosure of director
information to shareholders, including reporting the directors' compensation,
biographies, ongoing education achievements, qualifications, and ownership
    This year was also the inaugural year for a second CCGG Gavel Award for
disclosure of executive compensation practices. This new award, which
recognizes companies that excel in disclosing the details of senior executive
compensation, was awarded to TransCanada Corporation.
    "Effective disclosure is essential if shareholders are going to have any
meaningful insight into the companies they invest in" said Doug Pearce, Chair
of the Canadian Coalition for Good Governance. "To be effective, disclosure
must be detailed, easy to find; easy to understand, accurate and complete, and
given in context to provide meaning to the shareholders. These awards
recognize the companies that are the best in the communication of director and
executive information to shareholders."
    The awards were presented at the 9th Annual Canadian Society of Corporate
Secretaries Governance Conference. The overall director disclosure winner,
SNC-Lavalin Inc., was followed by honourable mentions for Agrium Inc., CIBC
and Nexen Inc. In addition to meeting the majority of the disclosure best
practices established in CCGG's Corporate Governance Guidelines for Building
High Performance Boards, SNC-Lavalin excelled in their disclosure of director
biographies, director independence and director reinvestment programs.
    "The best practices of these companies should become the standards for
other companies to aim for," said Pearce. "To help companies reach the highest
levels of disclosure, the CCGG has released its 2007 best practices guidelines
for director disclosure and executive compensation disclosure."
    This is the third year that the Coalition has recognized companies with
its Gavel Awards. This group of Canada's leading investors supports the belief
that strong corporate governance and transparent disclosure are essential
ingredients for strong operating and financial performance.
    For more information on CCGG's best disclosure practices, go to

    The Canadian Coalition for Good Governance is made up of 48 of Canada's
leading institutional investors with over $1 trillion of combined assets under
management. The mission of the Coalition is to represent Canadian
institutional shareholders through the promotion of best corporate governance
practices and to align the interests of boards and management with those of
the shareholder.

For further information:

For further information: David Beatty, Managing Director, Canadian
Coalition for Good Governance, (416) 868-3576

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