Transcription of THE ROLE OF CORPORATE GOVERNANCE IN …
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THE ROLE OF CORPORATE GOVERNANCE IN …
255 Albert Street Ottawa, Canada K1A 0H2 Guideline Subject: CORPORATE GOVERNANCE Category: Sound Business and Financial Practices Date: January 2013 I. Purpose and Scope of the Guideline The purpose of this guideline is to communicate osfi s expectations with respect to CORPORATE GOVERNANCE of federally-regulated financial institutions (FRFIs). It applies to all FRFIs other than the branch operations of foreign banks and foreign insurance osfi recognizes that FRFIs may have different CORPORATE GOVERNANCE practices depending on: their size; ownership structure; nature, scope and complexity of operations; CORPORATE strategy; and risk profile. This guideline complements: Relevant provisions of the Bank Act, the Insurance Companies Act, the Trust and Loan Companies Act, the Cooperative Credit Associations Act and associated regulations; and, osfi s Supervisory Framework and Assessment Criteria.
255 Albert Street Ottawa, Canada K1A 0H2 www.osfi-bsif.gc.ca Guideline Subject: Corporate Governance Category: Sound Business and Financial Practices
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