Friday, 6 April 2012

Canada: boards and risk governance - speech by OSFI superintendent

Superintendent Julie Dickson of the Office of the Superintendent of Financial Institutions (OSFI), delivered a speech yesterday titled "Boards of Directors and Risk Governance" in which she outlined some of the changes that are likely to be made to OSFI's Corporate Governance Guideline: see here (pdf). The current Guideline is available here (pdf); a revised Guideline will be published for consultation in the summer. The revisions will focus on, amongst other things, board composition and expertise; the separation of audit and risk committees; and external review of the board's effectiveness.

No comments: