Abstract

Royal Bank of Canada (RBC), the largest financial services group in Canada, has one of the best boards in Canada. It has received the Overall Award of Excellence for corporate reporting from the Canadian Institute of Chartered Accountants. RBC has received top scores in four categories: (1) Annual Reporting, (2) Corporate Governance Disclosure, (3) Electronic Disclosure, and (4) Sustainable Development Reporting. The case examines the best practices in corporate governance that RBC has adopted, with special reference to board composition, board responsibilities, board structure, board committees and directors’’ compensation. The case can be used for MBA level students as part of the business ethics and corporate governance curriculum. The objective of the case is to help students understand how good governance must be proactive than reactive in its outlook.

Learning Objectives

The case is structured to achieve the following Learning Objectives:

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Keywords

Royal Bank of Canada, RBC, Corporate governance, Board committees, Board structure, CEO compensation, Board compensation, Corporate reporting Award of Excellence, Corporate Governance Code, Best practices, RBC banking, Subsidiary governance office, RBC global services, RBC insurance, RBC investments