Wednesday, 21 July 2010 10:21

Canadian Boards Report - Foreword Featured

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Whether your company is already listed on The Profit 100, a ranking of Canada’s fastestgrowing companies, or you hope to get there, boards of directors play a vital role. But if boards are vital, getting the right board is even more so. Recruiting and retaining board members can be challenging, but best practices make the task less daunting, and offer guidelines that protect both the company and its board candidates.

The Vell Entrepreneurial Boards Composition and Compensation Survey: The Canada Report studies the board composition of Canadian companies, including the board size, the proportion of boards with empty seats, and compensation to find best practices within small Canadian companies. We discovered how Canadian companies are pushing the envelope in areas of equity remuneration and learned how the composition and compensation of boards vary between the U.S. and Canada.

We also compared the data, point by point, to U.S. companies to determine how the boards of Canadian companies fare against their American counterparts in various categories. Some of the results are surprising, but the findings from the Entrepreneurial Composition and Compensation Boards Survey: The Canada Report confirm that most companies in the nation are on par – if not leading the pack – with U.S. corporations in critical areas like board characteristics and compensation.

Thank you for your interest in this report. We invite your comments and suggestions for future editions of our survey of entrepreneurial boards of directors.

Dora Vell

Vell Executive Search

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Dora Vell

Dora Vell is the Managing Partner of Vell Executive Search, a boutique executive search firm in Boston focused on recruiting technology executives and board members. Vell has successfully completed numerous board member and C-level executive searches, including CEOs, COOs, CIOs, and Vice Presidents - at both public and private companies.

Prior to founding the firm in 2005, Vell was a Partner at Heidrick & Struggles' Technology practice for seven years.  Before her career in executive search, she worked at IBM for 11 years, managing software engineering organizations of 100 people and software sales organizations with revenues of $150 million. She has also served as an executive assistant to the CEO of IBM Canada for one year.

Vell holds seven worldwide software patents. She has published several Business of Leadership reports on governance and leadership and has been quoted in numerous articles including The Wall Street Journal, Forbes, Business Week, Fortune, Agenda Week, MSNBC, Mass High Tech, the OPUS for the World Economic Forum, Boston Business Journal, The Globe & Mail, CIO Magazine, and IEEE. She also has been a featured speaker on leadership at numerous conferences and at Columbia University's MBA program.

Vell is a member of the National Association of Corporate Directors (NACD), the Boston CEO Roundtable. She has served on the boards of Framingham State, Entrepreneur's Organization, Goodwill, Mary Centre for developmentally handicapped adults, garage.ca, and RBC Capital Partners.

She has received an MBA from the University of Toronto, a Master in Computer Science from the University of Waterloo, and a Bachelor in Computer Science from Carleton. She has also completed the MIT Entrepreneurial Master’s program.

www.vell.com/

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