Why it’s Important to CIBC

Effective corporate governance ensures that our Board of Directors has proper oversight of how CIBC is being managed on behalf of shareholders and all stakeholders. Our clients’confidence and trust in us is integral to our long-term success.

Management Approach

CIBC’s Statement of Corporate Governance Practices describes the governance framework that guides the Board and management in fulfilling their obligations to CIBC, its shareholders, employees and clients.

This statement and other information regarding corporate governance at CIBC, including our Code of Conduct and Code of Ethics for Directors, support CIBC in being a recognized leader in governance practices, acting in an ethically responsible manner and living up to our values of Trust, Teamwork and Accountability.

At the foundation of CIBC’s governance structure are knowledgeable, independent and effective Directors who are committed to upholding strong governance principles, leading in governance best practices, and creating a culture of engagement and transparency.

The Board believes it is important to understand the broad range of stakeholder perspectives and welcomes stakeholder feedback as valuable input to the Board for enhancing its governance practices.

This governance framework supports the Board as CIBC continues to evolve its growth strategy in alignment with CIBC’s risk appetite.

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2016 Performance

  • 35% of the directors on our Board were women, exceeding our goal of at least 30% by 2017.
  • 100% of employees completed CIBC Mandatory Training and Testing, which includes courses on acting with integrity and recognizing risks.

2014

2015

2016

Women on the CIBC Board of Directors

31%

27%

35%

Employee completion of CIBC Mandatory Training and Testing

100%

100%

100%

CIBC scored 98 out of 100, or second place, in the Globe and Mail’s Board Games 2016 annual review of corporate governance practices in Canada.
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CIBC President and CEO, Victor G. Dodig, serves on the Catalyst Canada Advisory Board and chairs the 30% Club Canada Advisory Committee, with a pledge to increase the representation of women on boards and in senior leadership roles.
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