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ARTICLE · 15 NOVEMBER 2017

OSFI Releases Draft Changes To Corporate Governance Guideline

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On November 7 the Office of the Superintendent of Financial Institutions (OSFI) published draft changes to its Corporate Governance Guideline—last updated in 2013—for public comment.

CanadaCorporate/Commercial Law
Blair Keefe
Blair Keefe
Robert Fatt
Robert Fatt
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On November 7 the Office of the Superintendent of Financial Institutions (OSFI) published draft changes to its Corporate Governance Guideline-last updated in 2013-for public comment. OSFI began inviting feedback in December 2016 and discussed the existing Corporate Governance Guidelines with directors from more than 20 federally regulated financial institutions (FRFIs). The discussions were held with a view to updating OSFI's expectations for FRFI boards to better enable effective governance. The public consultation period closes on December 22, 2017. OSFI will assess the comments it receives and issue a final version in spring 2018.

Background

The general themes of the feedback received in this outreach spanned a range of issues, including:

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