CN’s Board Ranks 1st in Canada for Corporate Governance
December 09 2021 - 9:45AM
CN (TSX: CNR) (NYSE: CNI) has been recognized for leadership in
corporate governance, ranking first in the Globe and Mail’s Report
on Business’ annual comprehensive assessment of 220 S&P/TSX
Composite Index Members.
CN was given a score of 98 out of 100 points.
Companies were ranked on 38 questions as well as sub questions on a
multitude of subjects including ESG, sustainability, board
composition, shareholding and compensation, shareholder rights, and
disclosure. Details of the ranking and methodology available are
available here.
“I am proud that CN’s board has been recognized
as a leader on corporate governance amongst its peers as the
company continues to power sustainable growth for its customers,
people, communities, and shareholders. I would like to thank CN
employees for their dedication to implementing our strategic plan
and maintaining the highest standards of corporate governance.”
- Robert Pace, Chair
of the Board of CN.
About CNCN is a world-class
transportation leader and trade-enabler. Essential to the economy,
to the customers, and to the communities it serves, CN safely
transports more than 300 million tons of natural resources,
manufactured products, and finished goods throughout North America
every year. As the only railroad connecting Canada’s Eastern and
Western coasts with the U.S. South through a 19,500-mile rail
network, CN and its affiliates have been contributing to community
prosperity and sustainable trade since 1919. CN is committed to
programs supporting social responsibility and environmental
stewardship.
Forward-Looking
StatementsCertain statements included in this news release
constitute “forward-looking statements” within the meaning of the
United States Private Securities Litigation Reform Act of 1995 and
under Canadian securities laws. By their nature, forward-looking
statements involve risks, uncertainties and assumptions. CN
cautions that its assumptions may not materialize and that current
economic conditions render such assumptions, although reasonable at
the time they were made, subject to greater uncertainty.
Forward-looking statements may be identified by the use of
terminology such as “believes,” “expects,” “anticipates,”
“assumes,” “outlook,” “plans,” “targets,” or other similar
words.
Forward-looking statements are not guarantees of
future performance and involve risks, uncertainties and other
factors which may cause actual results, performance or achievements
of CN, to be materially different from the outlook or any future
results, performance or achievements implied by such statements.
Accordingly, readers are advised not to place undue reliance on
forward-looking statements. Important risk factors that could
affect the forward-looking statements in this news release include,
but are not limited to, expectations, estimates, projections and
assumptions relating to: CN’s fuel efficiency ; the Company’s
ability to implement certain initiatives, including emissions
targets, scenario analyses, risk mitigation strategies, changes to
enterprise risk management, future investments in and the
availability of carbon emissions-reduction tools and technologies
including through CN’s fleet upgrades; the impacts of existing and
planned capital investments; North American and global economic
growth; applicable laws, rules, regulations and government
policies; the availability and cost of labour on the timelines
anticipated and with the capabilities required, as well as the
availability and cost of services and infrastructure; and capital
investments and technology developments by third
parties. Reference should also be made to Management’s
Discussion and Analysis in CN’s annual and interim reports, Annual
Information Form and Form 40-F, filed with Canadian and U.S.
securities regulators and available on CN’s website, for a
description of major risk factors relating to CN.
Forward-looking statements reflect information
as of the date on which they are made. CN assumes no obligation to
update or revise forward-looking statements to reflect future
events, changes in circumstances, or changes in beliefs, unless
required by applicable securities laws. In the event CN does update
any forward-looking statement, no inference should be made that CN
will make additional updates with respect to that statement,
related matters, or any other forward- looking statement.
Contacts:
Media |
Investment
Community |
Mathieu Gaudreault |
Paul Butcher |
Senior Advisor |
Vice-President |
Media Relations |
Investor Relations |
(514) 249-4735media@cn.ca |
(514)
399-0052investor.relations@cn.ca |
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