The 2019 Globe & Mail Board Games Report, which ranks companies around the world in terms of their executive leadership, has been released. This is the 18th year that the list has been presented and it takes into consideration a long list of governance criteria that extends well beyond what regulations have established. This year’s list has acknowledged Aurora Cannabis (TSE: ACB) for its leadership, a choice that is backed by the company’s firm position in being the model of how companies in the cannabis industry should be governed.
Aurora received a score of 67 on a scale of 1-100. This is an increase in its position from last year and is higher than any other company in its peer group. The chair of Aurora’s Corporate Nominating and Governance Committee, Norma Beauchamp, said in a statement, “I am proud of the efforts this Board has undergone in a very short timeframe and with great determination to make big and critical shifts that are akin to mature businesses. We still have room for growth and are already in the process of implementing even further adjustments that we believe are appropriate for Aurora’s long-term success. The dramatic rise in ranking is a testament to the conviction of the organization.”
2019 saw a lot of advances in Aurora, in particular at the executive level. The company has implemented a slew of changes that continue to drive its success and is in a strategically important position to be a global leader in the cannabis industry.
Michael Singer, Aurora’s executive chairman, added in the statement, “Aurora’s improvement in the ROB Board Games was made possible by the swift and responsible actions by the collective Board and with the full support of management. Immediately following the 2018 Board Games report, our Board underwent a critical review of its practices, policies and disclosures in an effort to be explicitly transparent with our shareholders and demonstrate leadership through its commitment to enhancing overall governance as Aurora continues advancing as the global cannabis leader. We are very pleased with this marked improvement and yet another important point of differentiation of Aurora from its peers.”