| |
"Integrity in all that we do" is a key value at
RBC. It permeates our sound practices,
leadership and disclosure, our effective risk
management framework, and the principles,
codes and policies that guide our decision-making. We
believe that by operating with integrity, we can fulfill our
responsibilities to our stakeholders and maintain their trust.
Learn about mutual find governance.
Priorities
- Demonstrate sound corporate governance principles
- Provide clear disclosure of financial results, and disclose
reliable
performance data on key non-financial items
- Comply with all applicable laws and regulations in every
country in
which we operate
- Conduct business with honesty and integrity
Performance Highlights
Over the past few years RBC has:
- Adopted policies requiring directors to tender their resignations
following the Annual Meeting if they fail to receive majority
shareholder support
- Increased the minimum share ownership guideline for directors
to $500,000 from $300,000, to strengthen alignment of their
interests with those of shareholders
- Increased minimum share ownership requirements for executive
officers to further align management and shareholder interests
- Implemented a performance deferred share program to further
align management's interests with those of shareholders
- Limited share dilution by reducing the number of stock
option grants awarded to management by 70 per cent since
2003
- Evolved our comprehensive Director Independence Policy,
which contains more stringent criteria for members of the
Audit Committee, in response to best practices and regulatory
refinements
- Held regular meetings of independent directors
- Enhanced our board and director evaluation procedures,
with written peer reviews added to complement the established
peer assessment practice of one-on-one interviews with the
Chairman
- Formalized the process of selecting individuals for nomination
as directors to ensure that the strengths of potential candidates
are weighed against the competencies and skills that the
board as a whole requires
- Enhanced disclosure in our Management Proxy Circular to
improve transparency in our communications.
|
|
