December 3, 2010
Every year, the Globe and Mail newspaper conducts a study of best governance practices of Canadian corporations and income trusts. In its ninth year of conducting the review, we are pleased that Keyera Facilities Income Fund tied for first place in the category of "Income Trusts with Internal Management", with a score of 84 out of a possible 100 points. We ranked 22nd on the list of companies listed on the Toronto Stock Exchange.
The study looked at 270 Canadian issuers and rated their performance against a set of governance best practices. Trusts were ranked based on a series of questions from the following areas: board composition, executive compensation, shareholder rights and disclosure.
"Our strong showing in this study demonstrates the value we place on integrity, respect and transparency," says Jim Bertram, President and CEO. "Whether with our investors, customers or neighbours, we conduct our business in a professional manner and work in a spirit of cooperation and consultation."
Other trust companies from the oil and gas sector to make the list included ARC Energy Trust, Enerplus Resources Fund, Pengrowth Energy Trust, Canadian Oil Sands Trust and Provident Energy Trust.