It is proposed that Industrial Alliance enhance its directors’ competency grid to ensure it specifically takes into account directors’ experience and expertise in environmental and climate change issues. As mentioned in our previous proposal, the Canada Business Corporations Act was amended in 2019 to include a non-exhaustive list of factors that companies can consider when determining what is in the company’s best interests, including the interests of shareholders, employees, retirees and pensioners, creditors, consumers and governments, the environment and the company’s long-term interests. Also note that the latest edition (2023) of the Globe and Mail’s “Board Games”(1) introduced two new criteria for assessing board performance: the inclusion of climate expertise in the competency grids of the companies being evaluated, and the training provided to directors in this area. The directors’ competency grid refers to expertise in corporate social responsibility and sustainability. However, competency in climate change and the environment requires specific knowledge that deserves special attention. Given the importance that the general public places on the environment and climate change, we suggest that you adjust your current competencies grid to take these two areas of expertise into account.