DIRECTOR DEVELOPMENT AND ASSESSMENT
NEW DIRECTOR ORIENTATION
We provide each new director with multi-day orientation programming where the director meets with senior management. During these meetings, management provides the new director with an overview of our business, strategic direction, operations, initiatives, and risk management framework. New directors receive an orientation package, which includes all Board and committee mandates as well as key CWB policies and other reference material about us and the banking industry. We encourage each new director to attend at least one meeting of each Board committee during their first year as a director of CWB.
ONGOING DIRECTOR EDUCATION
Our continuing education program assists directors to maintain and enhance their knowledge, skills, and abilities. In 2022, the GCR Committee approved the Director Education Policy. We provide directors an educational allowance of $2,500 annually to support the cost of external educational opportunities. Expenses for one-time courses or designations are supported to a maximum of either one-third the total cost or $7,500, whichever is less. Directors are encouraged to participate in external programs related to Board governance. To assist directors in such participation, we maintain a group membership with the ICD. We also make internal employee training available to our directors. Directors are provided opportunities to complete certain training modules on cybersecurity, the Code and ethical conduct, and unconscious bias and inclusion. Directors are kept informed through reports and presentations at the quarterly Board meetings as to matters that impact or may impact our operations, and that are specific to the Board’s oversight responsibilities, including cybersecurity developments, and economic and regulatory updates. The presentations provided to the Board and/or its committees during fiscal 2023 follow.
Date
Provided To
Topic
Presented By
Vice President, Enterprise Risk Management EVP, Banking
November 30, 2022
Board
New Initiative Risk Assessment Process Deep Dive
November 30, 2022
Board
AIRB Education Session: SME Risk Rating Tool
SVP, Risk Management Programs
Group Head, CS&SB
December 1, 2022
Board
Deposits Deep Dive
SVP, Client Solutions
December 1, 2022
Board
CWB Trust Services Opportunities
President, CWB Trust Services
Vice President, Credit Risk Management
February 22, 2023
Board
Real Estate Industry Review Deep Dive
SVP, Real Estate Lending
CIO
April 5, 2023
Board
Cyber Security Table Top Exercise
SVP & Chief Information Security Officer
Mandiant
CFO
April 5, 2023
Board
Liquidity and Funding
SVP & Treasurer
Head, Sustainability Strategy
April 5, 2023
Board
Greenhouse Gas Scope 3 Emissions
CFO
April 5, 2023
Board
Economic Outlook
Chief Economist & Strategist, National Bank of Canada
President & CEO
April 6, 2023
Board
CWB Strategic Direction Update
CFO
Vice President, Strategy & Investor Relations
CRO
May 24, 2023
Board
Focus on Driving AIRB Operating Model Adoption
SVP & Chief Internal Auditor
EVP, Banking
May 25, 2023
Board
Business Transformation & Operations Deep Dive
Group Head, CPW
August 30, 2023
Board
Institutional Custody Presentation
President, CWB Trust Services
August 30, 2023
Board
Digital & Payments Presentation
VP, Digital
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