Paul Tellier Named Most Respected CEO By Peers
The annual survey also indicated that two-thirds of Canadian CEOs are spending a lot of time working on building respect for their company nowadays with 84 percent of CEOs recognizing that the payoff can be a share price premium.
These are the findings from the Eighth Annual Canada's Most Respected Corporations Survey sponsored by KPMG and conducted by Ipsos-Reid. The survey was conducted between August 6th and November 30th, 2002. The survey involved a randomly selected sample of 314 of the leading CEOs in Canada. With a sample of this size, the results are considered accurate to within 177 4.7 percentage points, 19 times out of 20. The margin of error will vary within regions and for other sub-groupings of the survey population.
CEOs Choose Tellier as Most Admired and Respected CEO
The newly minted CEO of Bombardier (formerly CEO of CN Rail) Paul Tellier emerges this year with 6 percent of CEOs personally writing his name in the slot for the CEO they most admire and respect. Following behind are Jean Coutu, CEO of the Quebec drugstore giant (3%), Paul Desmarais of Power Corporation (3%), Gwyn Morgan of EnCana Corporation (3%), Frank Stronach of Magna International (3%), Gerry Schwartz of Onex Corporation (2%), Dominic d'Alessandro of Manulife Financial (2%), Peter Godsoe of Scotia Bank (2%), Charles Baillie of TD Canada Trust (2%), John Mayberry of Dofasco (2%), Galen Weston of George Weston Ltd. (2%), and Clive Beddoe of WestJet (2%).
And What Were the Top Qualities That CEOs Admired and Respected In Their Peers?
CEOs were then asked to identify what they most admired and respected about their selection. The "aggregate" findings are:
- Successful/financial performance/profitability/growth/turnaround (34%)
- Corporate governance/leadership (20%)
- Honest/integrity/trustworthy/credible (19%)
- Vision (16%)
- Human resources/good staff/management/employee relations (11%)
- Social responsibility/community involvement/corporate citizenship (10%)
- Innovative/Creative (8%)
- Shareholder/Investment value (6%)
- Aggressive/driven (6%).
A Majority (84%) Indicate That Companies That Are More Respected By The Public Enjoy A Premium In Their Share Price
Respect may be just a word to some but to a full majority of CEOs it may also have an impact on the bottom line. Eighty-four percent believe that companies that are more respected by the public enjoy a premium in their share price (33% strongly believing in this view) compared to only 11 percent who disagree.
With Two-thirds Spending More Time Building Respect And it seems that a majority (64%) of CEOs are putting their efforts behind this view, finding a greater part of their job these days involves building respect for their company among the general public, compared with 35 percent who don't share this point of view.
To view the release and the tables, please open the attached PDF files.
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For more information on this news release, please contact:
John Wright
Senior Vice-President
Ipsos-Reid Public Affairs
(416) 324-2900
