There are a number of resources available to boards of directors to help them improve their governance practices. These resources include:
- The Canadian Code of Corporate Governance (CCCG): The CCCG is a set of guidelines that recommends best practices for board governance in Canada. The CCCG is a valuable resource for boards of directors as they strive to improve their governance practices.
- The Institute of Corporate Directors (ICD): The ICD is a professional association for directors of Canadian corporations. The ICD offers a variety of resources to help boards of directors improve their governance practices, including educational programs, publications, and networking opportunities.
- The Canadian Securities Administrators (CSA): The CSA is a self-regulatory organization that oversees the securities industry in Canada. The CSA offers a number of resources to help boards of directors comply with securities laws and best practices for board governance.
- The Office of the Superintendent of Financial Institutions (OSFI): OSFI is a federal regulator that oversees federally regulated financial institutions. OSFI offers a number of resources to help boards of directors of financial institutions comply with OSFI’s governance requirements.
- Law firms and other experts: Law firms and other experts can provide advice and guidance to boards of directors on a variety of governance issues.
In addition to these resources, there are a number of organizations that offer board governance training and development programs. These programs can help board members develop the skills and knowledge they need to be effective in their governance roles.
Boards of directors can also access a variety of online resources to help them improve their governance practices. These resources include websites, blogs, and podcasts.
By taking advantage of the resources that are available, boards of directors can help to improve their governance practices and better serve their companies and their shareholders.
This article is for informational purposes only and is not legal advice. Contact us today to discuss your specific situation.