TORONTO, Feb. 12 /CNW Telbec/ - Mountain Equipment Co-Op (MEC) is the
overall winner of The Conference Board of Canada/Spencer Stuart 2008 National
Awards in Governance, for its implementation of a sustainability strategy to
ensure its short and long term success.
In addition to the overall winner, awards recognizing governance
achievements in the private, public and not-for-profit sectors were presented
last night at a gala dinner and ceremony in Toronto.
- RBC was selected for the award in the private sector category.
- The University of Alberta received the award in the public sector
- MEC was the winner of not-for-profit sector category.
"Our view is that governance is good for business and creates value for
all stakeholders," said Anne Golden, President and CEO of the Conference Board
and co-chair of the awards program. "This is obviously true of our overall
winner, Mountain Equipment Co-op, which incorporates a sustainability strategy
into all aspects of its business and governance, writ large."
"Leadership is required to achieve important things, and each of these
winners has demonstrated this to an impressive degree," said Andrew
MacDougall, President of Spencer Stuart Canada and co-chair of the awards
program. "Superior governance, more than processes and rules, is about the
long-term success and sustainability of the enterprise."
MEC, the member-owned retail co-operative of outdoor equipment, apparel
and services, was recognized for its social and environmental leadership. The
nine-member board of directors has focused on establishing sustainability as a
hallmark for which MEC is recognized. Given the nature of MEC's products, the
board recognized that successfully achieving sustainability would ultimately
give the organization a competitive advantage.
RBC won the private sector award for creating a performance management
framework that provides a more accurate and timely assessment of strategic
initiatives and their implementation. The performance management framework has
enhanced the flow and quality of information provided to the bank's board of
directors, allowing the board to contribute to RBC's strategic direction and
allocate resources more effectively.
The University of Alberta, which serves more than 36,500 students and
11,000 faculty and staff members, decided to make its governance practices
consistent with those of world-class organizations. As a result of
implementing leading-edge governance practices, the University of Alberta's
board has reduced internal barriers, connected decisions to agreed directions,
and tracked and communicated progress.
The top contenders in each of the three categories include:
- Potash Corporation of Saskatchewan Inc. (for Board innovation on
- SNC-Lavalin Group Inc. (for Board innovation on executive compensation)
- TransAlta (for Board innovation on enterprise risk management)
- Canada Revenue Agency (for its unique governance structure and
authorities within the federal public sector)
- The Ontario Trillium Foundation (for governance and organizational
effectiveness for a granting body)
- Bloorview Kids Rehab (for board level reporting and quality of service
- Heart and Stroke Foundation of Canada (for governance model in a
- Saskatchewan Indian Gaming Authority (for establishment of cultural
principles as the core of its mission and governing policies)
Each of the three winners will showcase their governance innovations at
the 2008 National Governance Conference, on February 13, 2008 at The Carlu
hotel in Toronto. Download the Winner's Circle booklet for more information,
available at http://www.conferenceboard.ca/GCSR/awards/default.htm.
For further information:
For further information: Brent Dowdall, Media Relations, (613) 526-3090
ext. 448, email@example.com