To Our Shareholders
"We recognize that good governance is much more than having a state-of-the-art framework in place, such as the best charters and systems. It's also about cultivating a mindset based on transparency and openness among the Board, management, and shareholders. We believe that sound governance fosters a well-run business where people consistently work to put shareholders and customers first."
We are focused on maximizing long-term shareholder value and are committed to leadership in corporate governance.
TDBFG is a widely held company with thousands of shareholders. Shareholders and others interested in learning about our financial performance and corporate governance initiatives should refer to our 2004 Annual Report and our Management Proxy Circular for the Annual Meeting to be held on March 23, 2005. Below we provide a few highlights.
2004 Financial Performance
We are extremely pleased with our performance in 2004. Two years ago we made a big commitment to shareholders. After very disappointing results in 2002, we said we would aggressively reposition TDBFG to be a producer of consistent, sustainable earnings growth. In 2004 we clearly demonstrated that we keep our commitments. Shareholders with the patience to stay with us over the past 24 months have seen diluted earnings per share grow from a loss per share of $.25 to diluted earnings per share of $3.39 on a reported basis, dividends rise 21.4%, and total shareholder return jump 30%.
We are committed to leadership in corporate governance. We have designed our corporate governance policies and our practices to ensure that we are focused on our responsibilities to our shareholders and on creating long-term shareholder value. TDBFG's policies and practices meet or exceed applicable legal requirements, and we monitor all proposed new rules and modify our policies and practices to meet any additional requirements. A few facts about our corporate governance practices:
Read more – download the full To Our Shareholders section (PDF).
- This online Report is a summary
For a complete version of our Corporate Responsibility Report, download the PDFs listed below.
- Full Report
- To TDBFG
- 150 Years
- To All Canadians
- To Our Communities
- To Our Environment
- To Our Customers
- To Our Employees
- To Our Shareholders
- Additional Information
The above documents are available in PDF format and require
- Acrobat Reader