2018-09-30

Added 2026-06-25 · Updated 2026-08-16

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

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