Press Releases

January 31, 2019

The case for multiple voting shares

Montreal (February 4, 2019) — In Canada, the number of companies with multiple voting shares has dropped from 100 in 2005 to 69 in 2018. But these companies continue to play a vital role in the Canadian economy. The Institute for Governance has issued a policy paper in support of multiple voting shares, urging entrepreneurs […]

September 26, 2018

Donald J. Savoie, First Winner of the Yvan Allaire Medal in Governance

Montreal, September 26, 2018 — The Royal Society of Canada has awarded the first Yvan Allaire Medal in Governance to M. Donald J. Savoie, OC, ONB, FRSC, D.Phil., D. ès L., professor and holder of the Canada Research Chair in Public Administration and Governance at the Université de Moncton. This medal, along with a $5,000 […]

June 7, 2018

Board members are independent but are they legitimate and credible?

Montreal, June 7, 2017 – Today, the Institute for Governance (IGOPP) is publishing a policy paper entitled: From independent to legitimate and credible – The challenge facing boards of directors. Back in 2008, IGOPP had noted that, despite its presumably crucial role and its omnipresence, the concept of «independent» board members lent itself to several […]

November 21, 2017

IGOPP Calls for Changes to CEO Compensation

Today, the Institute for Governance of Private and Public Organisations (IGOPP) released its policy paper entitled Executive Compensation: Cutting the Gordian Knot.  The compensation of CEOs remains a contentious issue and, for the past twenty years, has drawn sharp and unrelenting criticism, much of it justified.  At issue has been the fact that the ratio […]

June 8, 2017

Are our State-owned enterprises well governed?

Montreal, June 8, 2017 – The Institute for Governance (IGOPP) is unveiling today the results of a study about the quality of governance at 46 Quebec State-owned enterprises, which collectively have revenues of $63 billion, employ some 65,000 people, receive more than $4 billion in subsidies and generate more than $4 billion in dividends for the […]

May 26, 2017

Anne Marie Croteau will become the first female dean of JMSB

Anne-Marie Croteau, IGOPP Board member, starts as dean of the John Molson School of Business (JMSB) on June 1, 2017, and will become the first female dean of JMSB, one of North America’s largest and leading business schools. A professor in the Department of Supply Chain and Business Technology Management, she is a highly respected academic leader […]

May 5, 2017

IGOPP’s Executive Chair of the Board will be named a Knight of the Order of Montreal

By virtue of his long-standing commitment and exceptional contribution to the evolution of the governance of our public and private organizations, on May 17, 2017, professor Yvan Allaire, executive chair of the board of the Institute on Governance (IGOPP), will be named a Knight of the Order of Montreal, the city’s highest distinction. On May […]

November 18, 2016

IGOPP’s Executive Chair quoted in The Atlantic Magazine with regard to Hedge Fund Activism

IGOPP’s Executive Chair, Dr. Yvan Allaire’s study on Hedge funds Activism Hedge Fund Activism: Preliminary Results and Some New Empirical Evidence, is quoted in a recent article entitled “Can America’s Companies Survive America’s Most Aggressive Investors?” published in the Atlantic Magazine. This article discusses activist investors who are increasingly gaining control of legacy corporations, forcing them to trim payrolls […]

September 29, 2016

IGOPP is publishing a research study on corporate head offices located in Quebec

More than six months after the fact, the sale of Rona to Lowe’s, a U.S. corporation, continues to generate political controversy. This raises the question: how many large Quebec corporations are vulnerable to a foreign takeover with the consequent loss, sooner or later, of the strategic functions associated with their head offices. Such a takeover […]

June 1, 2016

Isabelle Courville becomes a board member of IGOPP

The Institute for Governance (IGOPP) is pleased to announe the appointment of Ms. Isabelle Courville as a new board member. Ms. Courville, an engineer and a lawyer by training, is Chair of the Board of Directors of the Laurentian Bank of Canada. Previously, Ms. Courville was President of Hydro‐Québec Distribution. This division has 7,000 employees serving […]

November 4, 2015

IGOPP’s Policy Paper on Proxy Access by Shareholders to the Director Nomination Process

The board of the Institute for Governance (IGOPP) unanimously approved a Policy paper on Proxy Access by Shareholders to the Director Nomination Process. The prerogative to nominate the members of the board, which has historically been the sole responsibility of boards of directors, has now been challenged by institutional funds determined to acquire the right, […]

May 28, 2015

IGOPP mentionned in the Wall Street Journal, the MorningstarAdvisor and the Dow Jones Newswires

The Executive Chair of the Institute, Dr. Yvan Allaire,  is mentionned in the Wall Street Journal, the MorningstarAdvisor and the Dow Jones Newswires! In an article about the activist hedge funds. “U.S. businesses, feeling heat from activist investors, are slashing long-term spending and returning billions of dollars to shareholders, a fundamental shift in the way […]

November 14, 2014

Yvan Allaire is Keynote speaker at The Annual Meeting of the Corporate Governance Center – Conference Board in New-York

On November 14th, Dr. Yvan Allaire, the Executive Chair of the Institute for Governance (IGOPP), was the keynote speaker at The Annual Meeting of the Corporate Governance Center – Conference Board in New-York. I spoke on the topic: Do activist hedge funds create long-term shareholder value? His presentation was followed by a panel discussion with […]

May 26, 2014

Board Members’ Compensation and Governance: Issues and Challenges

The requirements in credibility, availability and legitimacy of board members have increased substantially since 2000. In that context, directors’ compensation and its impact on their conduct and decisions become salient issues. Yet, directors’ compensation remains a little examined topic of governance. This is why the Institute for Governance (IGOPP) has produced a report prepared by […]

May 14, 2014

Consultation on the Canada Business Corporations Act

The Institute for Governance (IGOPP) submitted his comments to Industry Canada in response to the Consultation on the Canada Business Corporations Act (CBCA).. We will examine these issues individually to formulate specific recommendations in each case. In its comment document, the IGOPP covered the following topics: Shareholder advisory votes on compensation packages Diversity of board […]

February 3, 2014

The Governance of Canadian Airports

According to a study made public by the Institute for Governance (IGOPP), Canadian airports, which are public assets with a quasi-monopolistic position in their respective markets should be subjected to an independent review process of their decisions concerning major investments and tariff increases. Ever since Ottawa’s decision to transfer the management of airport facilities to […]