Corporate Governance at Royal Bank of Canada
|
|
ICMR HOME | Case Studies Collection
Case Details:
Case Code : CGOX009
Case Length : 18 Pages
Period : 2004
Pub Date : 2004
Teaching Note :Not Available
Organization : Royal Bank of Canada
Industry : Financial Services
Countries : Canada
To download Corporate Governance at Royal Bank of Canada case study
(Case Code: CGOX009) click on the button below, and select the case from the list of available cases:
Price:
For delivery in electronic format: Rs. 300;
For delivery through courier (within India): Rs. 300 +Shipping & Handling Charges extra
»
Corporate Governance Case Studies
» Short Case Studies
» View Detailed Pricing Info
» How To Order This Case
» Business Case Studies
» Case Studies by Area
» Case Studies by Industry
» Case Studies by Company 
Please note:
This case study was compiled from published sources, and is intended to be used as a basis for class discussion. It is not intended to illustrate either effective or ineffective handling of a management situation. Nor is it a primary information source.
Chat with us
Please leave your feedback
|
|
<< Previous
Excerpts Contd...
Board Responsibilities
The Board responsibilities included succession planning, evaluation of management performance, review and execution of major business decisions, review and approval of corporate financial goals and operational plans, identification of risks, supervision of communications and public disclosure, and assessment of the effectiveness of the bank's internal controls and management information systems...
Board Committees
|
Committees of the Board consisted solely of independent and unrelated directors. The Board delegated specific tasks to these committees...
Audit Committee (AC)
Five independent directors and a chairman represented AC and held 11 meetings in 2003...
Conduct Review and Risk Policy Committee(CRPC)
CRPC consisted of five members and a Chairman and reviewed the credits to the directors or the entities in which they were partners, directors or officers...
|
|
Directors – Compensation
RBC regarded attractive compensation as a primary tool to attract, retain and motivate independent directors with skills and commitment to enhance shareholder value. CGPC and HRC were responsible for designing the compensation structure for all independent directors and executive directors & senior officers respectively...
|
|
Corporate Disclosure
RBC emphasized excellence and timeliness in its communications. The investor relations staff provided information to existing and potential investors and responded to all inquiries...
Concluding Notes
RBC had its share of bitter experiences despite all the steps it had taken to embrace high standards of corporate governance. In 2000, RT Capital Management, the pension management division of RBC was involved in a high-profile trading scandal...
|
Exhibits
Exhibit I: RBC: Segments and Services
Exhibits II: RBC: The Board of Directors
Exhibit III: RBC: Board Committees & Meetings 2003
Exhibit IV: RBC: Director Compensation 2003
Exhibit V: RBC: Stockholding Position (October 2002)
Exhibit VI: RBC: Compliance with TSX Guidelines
|
|
