Compliance with Section 11 - CCGG · Report on Compliance with Section 11.3 of National ... cast both in person and by proxy, ... (Cognos Inc.) and that issuer was

Report on Compliance with Section 11.3 of National Instrument 51-102 Continuous Disclosure

October 1, 2006

Paul Schneider, Director of Research Canadian Coalition for Good Governance

The content of this report (including any facts, views, opinions, recommendations, descriptions of or references to, products or securities) is intended for CCGG members and its observers and is not to be used or construed as investment advice, as an offer to sell or the solicitation of an offer to buy, or an endorsement, recommendation or sponsorship of any entity or security cited. Although we endeavour to ensure its accuracy and completeness, we assume no responsibility for any reliance upon it. Information contained in this report must remain confidential unless it is already public information. No part of this report may be reproduced without CCGG’s prior written permission.

Canadian Coalition for Good Governance Report on Compliance with NI 51-102, October 2006 Page i

About the Canadian Coalition for Good Governance The Canadian Coalition for Good Governance is made up of 50 of Canada’s leading institutional investors with combined more than $975 billion in assets under management. The mission of the Coalition is to represent Canadian institutional shareholders through the promotion of best corporate governance practices and to align the interests of boards and management with those of the shareholder.

For more information: Paul Schneider, Director of Research Canadian Coalition for Good Governance (416) 868-3582 [email protected] www.ccgg.ca

Electronic copies of this document are available at www.ccgg.ca. October 2006

http://www.ccgg.ca/

Executive Summary The timing of the reporting of voting results remains at a satisfactory level. Although the median number of days to report results has extended by one working day (3 working days to post voting results in 2006 versus 2 working days in 2005), this increase is not seen as significant. In addition, 91% of companies have posted their results within 10 business days of the annual meeting, which is an improvement from 2005 when 84% of companies posted their results within the 10 day time period. Finally, fewer companies have been identified as “delinquent”, which is not posting their voting results. In 2005, 11 out of 206 companies surveyed (5%) had not posted their results as of the date of the study whereas in 2006, 7 out of 204 companies (3%) were identified as not posting their voting results. This result is encouraging given that the study was completed one-month ahead of the time the 2005 study was conducted. However, as with previous years, much work needs to be done to improve the transparency of the report on voting results, particularly when reporting the outcome of the director and auditor elections. A troubling trend is for more companies to report results based on a “show of hands” versus the number of votes cast. In 2005, 40% of companies who reported results (78 out of 195) indicated that the election was completed via a show of hands. In 2006, the number of companies indicating that voting took place via a show of hands increased to 52% of companies reporting results (103 out of 197). From the Coalition’s perspective, this trend is troublesome as the reports are becoming less transparent when ideally the opposite should be happening. When reporting the results of resolutions, companies are doing a good job disclosing the results. In order to improve the quality and transparency of the disclosures of voting results for the upcoming proxy year, the Coalition recommends that companies follow the format for disclosure currently being used by companies like Manulife Financial.

Canadian Coalition for Good Governance Report on Compliance with NI 51-102, October 2006 Page 1

Compliance with Section 11.3 of National Instrument 51-102 Background The Canadian Coalition for Good Governance has recently completed its 2006 study of compliance with Section 11.3 of National Instrument 51-102 Continuous Disclosure Obligations (NI 51-102) which requires issuers, except venture issuers, to: …report promptly following a meeting of securityholders at which a matter was submitted to a vote, file a report that discloses, for each matter voted upon

(a) a brief description of the matter voted upon and the outcome of the vote; and (b) if the vote was conducted by ballot, including a vote on a matter in which votes are cast both in person and by proxy, the number or percentage of votes cast for, against or withheld from the vote.

The scope of the study includes the reporting of the voting results of the most recent annual meeting of all companies listed on the S&P/TSX Composite as of October 1, 2006. See Appendix 1 for a list of composite companies included in the study. For companies who have yet to hold their 2006 annual meetings, the posting of voting results relating to the 2005 annual meeting was considered for the study, unless that meeting was included in the 2005 study. There is one case in which this has occurred (Cognos Inc.) and that issuer was removed from the 2006 study. Compliance with the NI 51-102 occurs when the voting results enter the public domain – that is when they are posted on SEDAR. The lag between the date of the annual meeting and the date results were posted is reported in business days. Sample size of the 2006 Study As of October 1, 2006, there are 208 companies in the S&P/TSX Composite Index (excluding Income Trusts). Of those, two companies, Tim Horton’s and Novelis Inc. have yet to hold their inaugural annual meeting and are not included in the results. In addition, AGF Management Inc. is excluded from the study as there is no evidence in the public documents that it holds an annual meeting for its non-voting shareholders. There is no voting information available for Cognos as its 2006 financial statements and subsequent annual meeting were been delayed due to accounting issues. The Cognos annual meeting will be held in the middle of October 2006. The 2006 study considered the remaining 204 companies of the S&P/TSX composite. Comparisons to Previous Years Comparisons to 2004 and 2005 voting results are presented on a percentage basis.


Compliance with NI 51-102: The vast majority of companies are reporting their voting results in a timely manner. Of the companies in the 2006 study, 97%, or 197 out of 204, of companies have complied with NI 51-102. This is a slight increase from 2005 when 95% of issuers were in compliance and an 8% increase from 2004 where 89% of companies were in compliance.

Compliance with NI 51-102 for 2006 and 2005

However, companies are complying at a slightly slower rate than in 2005. In 2006, the median response rate was 3 business days, up from a median of 2 business days in 2005. The following histograms of days it took companies to comply with NI 51-102 shows the distribution of the lag between the annual report and the posting of the voting results on SEDAR for the years 2004 through to 2006.

197

7

3% of companies not in compliance

2006 N = 204

2005 N = 206

11

195

5% of companies notin compliance

95% of companiesin compliance

97% of companies in compliance

Lag between AGM and posting voting results on SEDAR of the 194 companies complying with NI 51-102

0

20

40

60

80

100

120

0 5 10 15 20 25 30 35 40 45 50 55 60 65 70 75 80 85

Lag in Business Days

Num

ber o

f C

ompa

nies

Median = 3 Business Days

2006


Lag between AGM and posting voting results on SEDAR of

the 195 companies complying with NI 51-102

0

20

40

60

80

100

120

0 5 10 15 20 25 30 35 40 45 50 55 60 65 70 75 80 85


Num

ber o

f C

ompa

nies


2005

Lag between AGM and posting voting results on SEDAR

of the 164 companies complying with NI 51-102

0

20

40

60

80

100

120

0 5 10 15 20 25 30 35 40 45 50 55 60 65 70 75 80 85+


Num

ber o

f C

ompa

nies


2004


There has been a significant improvement in reducing the number of days between the annual meeting and posting the voting results on SEDAR since 2004. In 2006, 35% of companies complying with NI 51-102 posted their results on SEDAR within 1 day of the annual meeting, which is down from 38% of companies reporting within 1 business day in 2005. However, in 2006, 91% of companies reported their results within 10 business days of the annual meeting, which is up from 2005 when 84% of companies posted results within 10 business days. These results are a significant improvement from 2004 when only 20% of companies reported within 1 business day and 68% within 10 business days.

Number of Days Required to Report Voting Results

12.3%

35.4%

45.1%

54.4%

61.5%

69.7%

90.8%

22.1%

38.5%

51.3%

60.5%

67.2%

72.3%

83.6%

5.5%

20.1%

28.7%

35.4%

43.9%

48.2%

67.7%

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

0

1

2

3

4

5

10

Num

ber

of B

usin

ess

Days

Cumulative % of Companies Reporting

2006 2005 2004

In 2006, over half of companies reported their voting results within 3 days of the annual meeting with 12% reporting the same day as the annual meeting. These values are down from 2005 but remain acceptable.


Companies identified as delinquent in 2006 Of the seven companies not reporting 2006 results, three (CCL Industries, Corus Entertainment and Miramar Mining) did not report results in 2005. In addition, Miramar has never reported its voting results, although required to since its 2005 annual meeting.

*CCL Industries and Corus Entertainment have yet to file their 2005 voting results. Thus, the 2005 reporting lag will continue to increase until these results are posted in accordance with Section 11.3 of NI 51-102.

Companies not reporting their 2006 voting results as of October 1, 2006

Date of

2006Annual Meeting

2005 Reporting

Lag in Business

Days

Business Days

outstanding for posting

2006 Results

Comments

CCL.B CCL INDUSTRIES INC. CL 'B' NV 4-May-06 367* 107 - 2005 results not posted

CJR.B CORUS ENTERTAINMENT INC. CL 'B' NV 15-Dec-05 446* 207 - 2005 results not posted

DDV DUVERNAY OIL CORP. 8-Jun-06 4 82

EMP.A EMPIRE COMPANY LTD. CL 'A' NV 13-Sep-06 3 13

MAE MIRAMAR MINING CORPORATION 3-May-06 364† 108 - 2004 and 2005 results not posted

OIL OILEXCO INCORPORATED 10-May-06 2 103

WTO WESTERN OIL SANDS, INC. CL 'A' 10-May-06 2 103

†Miramar Mining has not reported results since Section 11.3 of NI 51-102 came into effect.


The Quality of Compliance with NI 51-102: The information being disclosed needs to be more effective. The Coalition believes that while it is important to report the voting results, the disclosure of the results must be done in an effective manner. In our view, effective disclosure has four characteristics:

1. it is easy to find 2. it is easy to understand 3. it is accurate 4. it is given in context so it has meaning

It is the opinion of the Coalition that the disclosure of voting provided by Manulife Financial is a best practice. Manulife provides detailed voting results for each director and the auditor. A copy of Manulife’s voting results report is found in Appendix 2. Reporting results A majority of companies in the survey continue to report voting results using a “show of hands”. In 2006, only 48 out of the 197 companies surveyed reported their results in a manner similar to the format used by Manulife Financial (Appendix 2). Improvement opportunities Of the companies reporting voting results for directors, only 24% identified that the vote took place by way of a ballot (48 out of 197 companies). The remaining 76% of companies either reported that the directors were elected by a show of hands (103 companies) or the voting method fell into the category of “Other” – the method was not disclosed or the directors were reported as being acclaimed or appointed by way of a resolution.

Report of Voting Results for Director Elections These results are in sharp contrast to how reporting was done in 2005. Between the two years, there has been a 13% decline in the number of companies reporting the results of the ballot. It is evident that a lot more work needs to be done in this area.

N = 195

73

78

44

Ballot

Show of hands

OtherN = 197

48

103

44

Ballot

Show of hands

Other

2006 2005


Appendix 1: Company by Company Compliance with NI 51-102

Ticker Symbol Issuer Year End

(DD/MM)

Date of most recent annual

meeting

Date Results

Posted On Sedar

2005 Reporting

Lag (business

days)

Number of Business

Days Voting Results are Outstanding

as of November 1,

2005 AAH AASTRA TECHNOLOGIES LIMITED 31-Dec 23-May-06 5-Jun-06 9

ABZ ABER DIAMOND CORPORATION 31-Jan 7-Jun-06 12-Jun-06 3

A ABITIBI-CONSOLIDATED INC. 31-Dec 9-May-06 9-Jun-06 23

ACE.B ACE AVIATION HOLDINGS INC. VOTING 31-Dec 30-May-06 6-Jun-06 5

AGF.B AGF MANAGEMENT LTD. CL 'B' NV 30-Nov Does not hold an annual meeting.

AEM AGNICO-EAGLE MINES LTD. 31-Dec 12-May-06 14-May-06 0

AGU AGRIUM INC. 31-Dec 9-May-06 10-May-06 1

AGI ALAMOS GOLD INC. 31-Dec 24-May-06 25-May-06 1

AL ALCAN INC. 31-Dec 27-Apr-06 1-May-06 2

AGA ALGOMA STEEL INC. 31-Dec 29-Jun-06 12-Jul-06 9

ATD.B ALIMENTATION COUCHE-TARD INC. CL 'B' SV 30-Apr 6-Sep-06 11-Sep-06 3

AAC.B ALLIANCE ATLANTIS COMMUNICATIONS INC. CL B NV 31-Dec 19-Jun-06 23-Jun-06 4

ANP ANGIOTECH PHARMACEUTICALS INC. 10-Jun 8-Jun-06 9-Jun-06 1

ACM.A ASTRAL MEDIA INC. CL 'A' NV 31-Aug 7-Dec-05 9-Dec-05 2

ACO.X ATCO LTD. CL 'I' NV 31-Dec 11-May-06 12-May-06 1

ATY ATI TECHNOLOGIES INCORPORATED 31-Aug 26-Jan-06 2-Feb-06 5

ATA ATS AUTOMATION TOOLING SYSTEMS INC. 31-Mar 14-Sep-05 16-Sep-05 2

AUR AUR RESOURCES INC. 31-Dec 4-May-06 18-May-06 10

AXP AXCAN PHARMA INC. 30-Sep 22-Feb-06 3-Aug-06 116

BLD BALLARD POWER SYSTEMS INC. 31-Dec 10-May-06 17-May-06 5

BMO BANK OF MONTREAL 31-Oct 2-Mar-06 3-Mar-06 1

BNS BANK OF NOVA SCOTIA (THE) 31-Oct 3-Mar-06 3-Mar-06 0

ABX BARRICK GOLD CORPORATION 31-Dec 4-May-06 9-May-06 3

BCE BCE INC. 31-Dec 7-Jun-06 13-Jun-06 4

BGO BEMA GOLD CORPORATION J 31-Dec 21-Jun-06 3-Aug-06 31

BVF BIOVAIL CORPORATION 31-Dec 27-Jun-06 28-Jun-06 1

BBD.B BOMBARDIER INC. CL 'B' SV 31-Jan 30-May-06 8-Jun-06 7

BAM.A BROOKFIELD ASSET MANAGEMENT INC. CL 'A' LV 31-Dec 28-Apr-06 12-May-06 10

BPO BROOKFIELD PROPERTIES CORPORATION 31-Dec 26-Apr-06 7-Jun-06 30

CAE CAE INC. 31-Mar 21-Jun-06 21-Jun-06 0

CFW CALFRAC WELL SERVICES LTD. 31-Dec 9-May-06 10-May-06 1

CBJ CAMBIOR INC. 31-Dec 3-May-06 12-May-06 7

CCO CAMECO CORPORATION 31-Dec 4-May-06 9-May-06 3

CM CANADIAN IMPERIAL BANK OF COMMERCE 31-Oct 2-Mar-06 2-Mar-06 0

Canadian Coalition for Good Governance Report on Compliance with NI 51-102 – Appendices, November 2005 Page A1



(DD/MM)


meeting

Date Results

Posted On Sedar

2005 Reporting

Lag (business

days)

Number of Business


as of November 1,

2005 CNR CANADIAN NATIONAL RAILWAY CO. 31-Dec 21-Apr-06 25-Apr-06 2

CNQ CANADIAN NATURAL RESOURCES LIMITED 31-Dec 4-May-06 30-May-06 18

CP CANADIAN PACIFIC RAILWAY LIMITED 31-Dec 5-May-06 9-May-06 2

CTC.A CANADIAN TIRE CORP. LTD. CL 'A' NV 30-Dec 11-May-06 12-May-06 1

CU CANADIAN UTILITIES LTD. CL 'A' NV 31-Dec 4-May-06 5-May-06 1

CWB CANADIAN WESTERN BANK 31-Oct 9-Mar-06 14-Mar-06 3

CFP CANFOR CORPORATION 31-Dec 28-Apr-06 10-May-06 8

CGS CANWEST GLOBAL COMMUNICATIONS CORP. SV 31-Jul 12-Jan-06 20-Jan-06 6

COM CARDIOME PHARMA CORP. 31-Dec 12-Jun-06 29-Jun-06 13

CAS CASCADES INC. 31-Aug 4-May-06 18-May-06 10

CTL CATALYST PAPER CORPORATION 31-Dec 27-Apr-06 3-May-06 4

CCL.B CCL INDUSTRIES INC. CL 'B' NV 31-Dec 4-May-06 106

CLS CELESTICA INC. SV 31-Dec 27-Apr-06 28-Apr-06 1

CG CENTERRA GOLD INC. 31-Dec 11-May-06 11-May-06 0

CUX CENTURION ENERGY INTERNATIONAL INC. J 31-Dec 18-May-06 19-May-06 1

GIB.A CGI GROUP INC. CL 'A' SV 31-Dec 31-Jan-06 14-Feb-06 10

FLY.A CHC HELICOPTER CORP. CL 'A' SV 30-Sep 22-Sep-05 23-Sep-05 1

CCA COGECO CABLE INC. SV 31-Dec 8-Dec-05 9-Dec-05 1

CSN COGNOS INC. 28-Feb 2006 annual meeting to be held

CMT COMPTON PETROLEUM CORPORATION 28-Feb 10-May-06 31-Aug-06 81

CLL CONNACHER OIL AND GAS LIMITED 31-Dec 11-May-06 12-May-06 1

CJR.B CORUS ENTERTAINMENT INC. CL 'B' NV 31-Dec 15-Dec-05 206

BCB COTT CORPORATION 31-Aug 20-Apr-06 21-Apr-06 1

KRY CRYSTALLEX INTERNATIONAL CORPORATION J 28-Dec 26-Jun-06 26-Jun-06 0

CYS CYRIES ENERGY INC. 31-Dec 16-May-06 17-May-06 1

DTC DOMTAR INC. 31-Dec 24-May-06 29-May-06 3

DII.B DOREL INDUSTRIES INC. CL 'B' SV 31-Dec 21-Jun-06 21-Jun-06 0

DDV DUVERNAY OIL CORP. 30-Dec 8-Jun-06 81

ELD ELDORADO GOLD CORPORATION 31-Dec 4-May-06 12-May-06 6

EMA EMERA INCORPORATED 31-Dec 9-May-06 15-Jun-06 27

EME EMERGIS INC. 31-Dec 9-May-06 18-May-06 7

EMP.A EMPIRE COMPANY LTD. CL 'A' NV 6-May 13-Sep-06 12

ENB ENBRIDGE INC. 30-Apr 1-May-06 9-May-06 6

ECA ENCANA CORPORATION 31-Dec 26-Apr-06 26-Apr-06 0

EFX ENERFLEX SYSTEMS LTD. 31-Dec 20-Apr-06 19-May-06 21

ESI ENSIGN ENERGY SERVICES INC. 31-Dec 17-May-06 24-May-06 5




(DD/MM)


meeting

Date Results

Posted On Sedar

2005 Reporting

Lag (business

days)

Number of Business


as of November 1,

2005 EZM EUROZINC MINING CORPORATION 31-Dec 11-May-06 2-Jun-06 16

EXE.A EXTENDICARE INC. SV 31-Dec 8-May-06 15-May-06 5

FFH FAIRFAX FINANCIAL HOLDINGS LTD. SV 31-Dec 11-May-06 19-May-06 6

FTT FINNING INTERNATIONAL INC. 31-Dec 10-May-06 15-May-06 3

FCP FIRST CALGARY PETROLEUMS LTD. J 31-Dec 11-May-06 17-May-06 4

FM FIRST QUANTUM MINERALS LTD. J 31-Dec 9-May-06 16-May-06 5

FSV FIRSTSERVICE CORPORATION SV 31-Dec 26-Jun-06 27-Jun-06 1

FNX FNX MINING COMPANY INC. 31-Mar 6-Jun-06 7-Jun-06 1

FTS FORTIS INC. 31-Dec 3-May-06 5-May-06 2

FGL FORZANI GROUP LTD. (THE) CL 'A' 31-Dec 8-Jun-06 20-Jun-06 8

FSH FOUR SEASONS HOTELS INC. LV 31-Dec 17-May-06 23-May-06 4

GBU GABRIEL RESOURCES 31-Dec 11-May-06 12-May-06 1

GAM GAMMON LAKE RESOURCES INC. J 31-Dec 10-May-06 23-May-06 9

GNA GERDAU AMERISTEEL CORPORATION 30-Apr 10-May-06 18-May-06 6

GIL GILDAN ACTIVEWEAR INC. 31-Dec 2-Feb-06 25-Apr-06 58

GLG GLAMIS GOLD LTD. 31-Dec 3-May-06 8-May-06 3

G GOLDCORP INC. 3-Oct 19-Apr-06 21-Apr-06 2

GSC GOLDEN STAR RESOURCES LTD. 31-Dec 26-May-06 5-Jun-06 6

GCD GREAT CANADIAN GAMING CORPORATION 31-Dec 30-Jun-06 7-Jul-06 5

GWO GREAT-WEST LIFECO INC. 31-Dec 4-May-06 17-May-06 9

HPX HIGHPINE OIL & GAS LIMITED 31-Dec 10-May-06 10-May-06 0

HCG HOME CAPITAL GROUP INC. 31-Dec 11-May-06 17-May-06 4

HBM HUDBAY MINERALS INC. 31-Dec 1-Jun-06 1-Jun-06 0

HUM HUMMINGBIRD LTD. 31-Dec 3-Mar-06 10-Mar-06 5

HSE HUSKY ENERGY INC. 31-Jan 19-Apr-06 21-Apr-06 2

IMG IAMGOLD CORPORATION 30-Sep 23-May-06 4-Jul-06 30

IGM IGM FINANCIAL INC. 31-Dec 5-May-06 17-May-06 8

IMO IMPERIAL OIL LTD. 31-Dec 2-May-06 3-May-06 1

N INCO LIMITED 31-Dec 20-Apr-06 21-Apr-06 1

IAG INDUSTRIAL ALLIANCE INSURANCE & FIN SERV INC. 31-Dec 2-May-06 8-May-06 4

IIC ING CANADA INC. 31-Dec 1-May-06 1-May-06 0

IMN INMET MINING CORPORATION 31-Dec 2-May-06 26-May-06 18

IUC INTERNATIONAL URANIUM CORPORATION J 31-Dec 2-Feb-06 3-Feb-06 1

IOL INTEROIL CORPORATION J 31-Dec 9-Jun-06 12-Jun-06 1

ITW INTRAWEST CORPORATION 30-Sep 7-Nov-05 16-Nov-05 7

IPS IPSCO INC. 31-Dec 4-May-06 12-May-06 6

IVN IVANHOE MINES LTD. 31-Dec 12-May-06 16-May-06 2




(DD/MM)


meeting

Date Results

Posted On Sedar

2005 Reporting

Lag (business

days)

Number of Business


as of November 1,

2005

PJC.A JEAN COUTU GROUP (PJC) INC. (THE) CL 'A' SV 30-Jun 19-Sep-06 20-Sep-06 1

KFS KINGSWAY FINANCIAL SERVICES INC. 31-Dec 4-May-06 16-May-06 8

K KINROSS GOLD CORPORATION 31-Dec 4-May-06 12-May-06 6

LB LAURENTIAN BANK OF CANADA 31-Dec 7-Mar-06 7-Mar-06 0

LNR LINAMAR CORPORATION 31-May 17-May-06 29-May-06 8

LIM LIONORE MINING INTERNATIONAL LTD. 31-Dec 17-May-06 17-May-06 0

L LOBLAW COMPANIES LTD. 31-Dec 4-May-06 15-May-06 7

MDA MACDONALD, DETTWILER AND ASSOCIATES LTD. 31-Oct 3-May-06 9-May-06 4

MG.A MAGNA INTERNATIONAL INC. CL 'A' SV 31-Dec 2-May-06 3-May-06 1

MBT MANITOBA TELECOM SERVICES INC. 31-Dec 2-May-06 4-May-06 2

MFC MANULIFE FINANCIAL CORPORATION 31-Dec 4-May-06 5-May-06 1

MFI MAPLE LEAF FOODS INC. 31-Dec 26-Apr-06 27-Apr-06 1

MDS MDS INC. 31-Dec 9-Mar-06 15-Mar-06 4

MB MEGA BLOKS INC. 31-Dec 15-Jun-06 27-Jun-06 8

MNG MERIDIAN GOLD INC. 31-Dec 16-May-06 26-May-06 8

MX METHANEX CORPORATION 31-Dec 9-May-06 10-May-06 1

MRU.A METRO INC. CL 'A' SV 31-Oct 24-Jan-06 7-Feb-06 10

MAE MIRAMAR MINING CORPORATION 31-Dec 3-May-06 107

NA NATIONAL BANK OF CANADA 31-Dec 8-Mar-06 8-Mar-06 0

NRM NEUROCHEM INC. 31-Dec 9-May-06 15-May-06 4

NXY NEXEN INC. 31-Dec 27-Apr-06 27-Apr-06 0

NKO NIKO RESOURCES LTD. 28-Sep 16-Aug-06 18-Aug-06 2

NBD NORBORD INC. 31-Oct 21-Apr-06 21-Apr-06 0

NT6/2 NORTEL NETWORKS CORPORATION 31-Dec 29-Jun-06 5-Jul-06 4

NB NORTHBRIDGE FINANCIAL CORPORATION 31-Dec 10-Apr-06 27-Apr-06 13

NNO NORTHERN ORION RESOURCES INC. J 31-Mar 13-Jun-06 13-Jun-06 0

NCX NOVA CHEMICALS CORPORATION 31-Dec 5-Apr-06 5-Apr-06 0

NG NOVAGOLD RESOURCES INC. J 31-Dec 31-May-06 1-Jun-06 1

NVL NOVELIS INC. 31-Dec Have yet to hold inaugural annual meeting.

NVA NUVISTA ENERGY LTD. 31-Dec 4-May-06 18-May-06 10

OIL OILEXCO INCORPORATED 31-Dec 10-May-06 102

OCX ONEX CORPORATION SV 31-Dec 11-May-06 16-May-06 3

OTC OPEN TEXT CORPORATION 30-Nov 15-Dec-05 16-Dec-05 1

OPC OPTI CANADA INC. 31-Dec 27-Apr-06 4-May-06 5

PAA PAN AMERICAN SILVER CORP. 31-Dec 3-May-06 8-May-06 3

POU PARAMOUNT RESOURCES LTD. CLASS A 31-Dec 10-May-06 11-May-06 1




(DD/MM)


meeting

Date Results

Posted On Sedar

2005 Reporting

Lag (business

days)

Number of Business


as of November 1,

2005 PSI PASON SYSTEMS INC. 30-Jun 15-May-06 25-May-06 8

PTI PATHEON INC. 31-Dec 9-Mar-06 14-Mar-06 3

PBG PETROBANK ENERGY AND RESOURCES 31-Dec 2-May-06 3-May-06 1

PCA PETRO-CANADA 31-Dec 25-Apr-06 26-Apr-06 1

POT POTASH CORPORATION OF SASKATCHEWAN INC. 31-Oct 4-May-06 5-May-06 1

POW POWER CORPORATION OF CANADA SV 31-Dec 11-May-06 16-May-06 3

PWF POWER FINANCIAL CORPORATION 31-Dec 10-May-06 16-May-06 4

QLT QLT INC. 31-Dec 9-May-06 11-May-06 2

QBR.B QUEBECOR INC. CL 'B' SV 31-Dec 11-May-06 12-May-06 1

IQW QUEBECOR WORLD INC. SV 31-Dec 10-May-06 17-May-06 5

RER REAL RESOURCES INC. 31-Dec 4-May-06 10-May-06 4

RET.A REITMAN'S (CANADA) LTD. CL 'A' NV 31-Dec 25-May-06 6-Jun-06 8

RIM RESEARCH IN MOTION LIMITED 31-Dec 18-Jul-06 25-Jul-06 5

RRZ RIDER RESOURCES LTD. 31-Dec 8-May-06 17-May-06 7

RCI.B ROGERS COMMUNICATIONS INC. CL 'B' NV 31-Dec 25-Apr-06 10-May-06 11

RON RONA INC. 31-Jan 9-May-06 23-May-06 10

ROC ROTHMANS INC. 28-Feb 25-Jul-06 27-Jul-06 2

RY ROYAL BANK OF CANADA 31-Dec 3-Mar-06 6-Mar-06 1

RYG ROYAL GROUP TECHNOLOGIES LIMITED 31-Dec 4-Aug-06 14-Aug-06 6

RUS RUSSEL METALS INC. 31-Dec 3-May-06 17-May-06 10

SAP SAPUTO INC. 31-Mar 2-Aug-06 17-Aug-06 11

SWP SASKATCHEWAN WHEAT POOL INC. 31-Oct 13-Dec-05 13-Dec-05 0

SVY SAVANNA ENERGY SERVICES CORP. 31-Dec 23-May-06 23-May-06 0

SCC SEARS CANADA INC. 31-Dec 9-May-06 9-May-06 0

SJR.B SHAW COMMUNICATIONS INC. CL 'B' NV 31-Mar 12-Jan-06 13-Jan-06 1

SCL.A SHAWCOR LTD. CL 'A' SV 31-Jul 9-May-06 12-May-06 3

SHC SHELL CANADA LIMITED 31-Dec 28-Apr-06 8-May-06 6

S SHERRITT INTERNATIONAL CORPORATION 31-Dec 25-May-06 30-May-06 3

SC SHOPPERS DRUG MART CORPORATION 31-Aug 4-May-06 9-May-06 3

SGF SHORE GOLD INC. J 31-Dec 15-Jun-06 19-Jun-06 2

SSO SILVER STANDARD RESOURCES INC. 31-Dec 17-May-06 24-May-06 5

SLW SILVER WHEATON CORP. 31-Dec 20-Apr-06 21-Apr-06 1

TRE SINO-FOREST CORPORATION 31-Dec 5-Jun-06 7-Jun-06 2

SNC SNC - LAVALIN GROUP INC. 31-Dec 4-May-06 5-May-06 1

SBY SOBEYS INC. 6-May 12-Sep-06 20-Sep-06 6

SWG SOUTHWESTERN RESOURCES CORP. J 31-Dec 5-May-06 10-May-06 3




(DD/MM)


meeting

Date Results

Posted On Sedar

2005 Reporting

Lag (business

days)

Number of Business


as of November 1,

2005

ST.A ST. LAWRENCE CEMENT GROUP INC. CL 'A' SV 31-Dec 18-May-06 6-Jun-06 13

STN STANTEC INC. 31-Dec 4-May-06 11-May-06 5

SLF SUN LIFE FINANCIAL INC. 31-Dec 10-May-06 11-May-06 1

SU SUNCOR ENERGY INC. 31-Dec 26-Apr-06 27-Apr-06 1

SXR SXR URANIUM 31-Dec 7-Jun-06 12-Jun-06 3

TLM TALISMAN ENERGY INC. 31-Dec 9-May-06 9-May-06 0

TNX TANZANIAN ROYALTY EXPLORATION CORPORATION 31-Aug 27-Feb-06 9-Mar-06 8

TEK.B TECK COMINCO LIMITED CL 'B' SV 31-Dec 26-Apr-06 28-Apr-06 2

T TELUS CORPORATION 31-Dec 3-May-06 18-May-06 11

TNK TENKE MINING CORP. 31-Dec 12-May-06 15-May-06 1

TEO TESCO CORPORATION 31-Dec 17-May-06 24-May-06 5

TOC THOMSON CORPORATION (THE) 31-Dec 3-May-06 5-May-06 2

TIH TIM HORTONS Have yet to hold inaugural annual meeting.

TLC TLC VISION CORPORATION 31-Dec 22-Jun-06 30-Jun-06 6

TIH TOROMONT INDUSTRIES LTD. 31-Dec 20-Apr-06 25-Apr-06 3

TD TORONTO-DOMINION BANK (THE) 31-Dec 30-Mar-06 30-Mar-06 0

TS.B TORSTAR CORP. CL 'B' NV 31-Dec 3-May-06 3-May-06 0

TA TRANSALTA CORPORATION 31-Dec 27-Apr-06 5-May-06 6

TRZ.B TRANSAT A.T. INC. CLASS 'B' 31-Dec 15-Mar-06 16-Mar-06 1

TRP TRANSCANADA CORPORATION 31-Oct 28-Apr-06 1-May-06 1

TCL.A TRANSCONTINENTAL INC. CL 'A' SV 31-Dec 22-Mar-06 24-Mar-06 2

TCW TRICAN WELL SERVICE LTD. 31-Dec 10-May-06 25-May-06 11

X TSX GROUP INC. 31-Oct 26-Apr-06 28-Apr-06 2

UTS UTS ENERGY CORPORATION 31-Dec 25-May-06 1-Jun-06 5

WFT WEST FRASER TIMBER CO. LTD. 31-Dec 28-Apr-06 16-May-06 12

WTO WESTERN OIL SANDS, INC. CL 'A' 31-Dec 10-May-06 102

WJA WESTJET AIRLINES LTD. 31-Mar 27-Apr-06 4-May-06 5

WN WESTON LTD. GEORGE 31-Dec 11-May-06 17-May-06 4

YRI YAMANA GOLD INC. J 31-Dec 2-May-06 3-May-06 1




Documents

Compliance with Section 11 - CCGG · Report on Compliance with Section 11.3 of National ... cast both in person and by proxy, ... (Cognos Inc.) and that issuer was