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PD-4.1.1

In addition to the corporate governance disclosure required under Paragraph PD-1.3.5, licensees must also disclose to their shareholders the following information:

(a) Names of shareholders owning 5% or more and, if they act in concert, a description of the voting, shareholders' or other agreements among them relating to acting in concert, and of any other direct and indirect relationships among them or with the bank licensee or other shareholders;
(b) Information on the directorships held by the directors on other boards;
(c) Audit fees charged by the external auditor;
(d) Non-audit services provided by the external auditor and fees;
(e) Reasons for any switching of auditors and reappointing of auditors; and
(f) Conflict of Interest — any issues arising must be reported and, in addition describe any steps the board has taken or will take to ensure directors exercise independent judgment in considering transactions and agreements in respect of which a director or executive officer has a material interest.
January 2014