In search of good governance

Former Worldcom CEO Bernie Ebbers is heading off to jail today to serve his 25 year sentence. Former Enron CFO Andrew Fastow was sentenced to 6 years for his activities.

We have often heard that competition brings out the best in all of us. Unfortunately, the telecom sector has had its share of scammers, spammers and charlatans. Perhaps we should put together a special panel at next year’s Canadian Telecom Summit?

So it was with great interest that I saw evidence of the good side of corporate Canada last week.

TELUS received recognition from Report Watch for producing the world’s best annual report. According to the announcement, TELUS has improved its ranking from 18th in 2004 and second in 2005 to number one today. A copy of the Annual Report of Annual Reports can be obtained by sending an email to the editor, Mike Guillaume.

Also, GovernanceMetrics International recognized BCE as being among the top 3 companies (together with Colgate-Palmolive and Pepsico) for overall governance according to a Reuters story.

These aren’t the kinds of things that make for sizzling ads on TV, but it can only benefit investors and customers alike that Canada’s leading telecom carriers were recognized for their corporate governance practices.

Technorati Tags:
, ,

Scroll to Top