To Our Shareholders

TDBFG is a widely held public company with thousands of shareholders. We are committed to providing all the relevant information about TDBFG to our shareholders in a clear, transparent, and balanced manner. We never forget that the shareholders are the owners of TDBFG and that we are responsible to them.

The Board of Directors and the management of TDBFG are focused on maximizing long-term shareholder value with the right strategies for sustainable future growth. We have approached each business with a philosophy of ensuring that it can continue to perform even during difficult conditions and excel when the climate is favourable. We also work constantly to meet new requirements and evolving best practices in corporate governance, while ensuring our activities are clearly communicated to shareholders. Steps were taken in 2003 to further enhance our governance practices, including separating the roles of Chairman and CEO and creating a separate board-level committee focused on risk issues.

This section provides a few highlights of our financial performance and corporate governance initiatives during 2003. For a more detailed discussion, please refer to our 2003 Annual Report and our Management Proxy Circular for the Annual Meeting to be held on March 25, 2004.

Read more – download the full To Our Shareholders section (PDF).