2018-09-30

Corporate Governance Guideline (2018)

OSFI issued this guideline to establish principles-based corporate governance expectations for federally regulated financial institutions, excluding foreign bank and insurance branches. It mandates clear Board and Senior Management responsibilities, emphasizing board independence, diverse composition, and a comprehensive Risk Appetite Framework. The document further defines the independent roles of the Chief Risk Officer, Audit Committee, and oversight functions while outlining OSFI’s risk-focused supervisory assessment process.

Canada

Office of the Superintendent of Financial Institutions

Show thumbnailShow full textSourceAdd to collection

Show thumbnail