Management and corporate governance

The Bank of Canada Act describes the Bank’s legislative framework and sets out the governance of the Bank, as well as its mandate to “promote the economic and financial welfare of Canada.”

Management of the Bank

• Board of Directors
• Governing Council and Senior Management

Corporate Governance

• Governing Legislation and processes
• Annual Reports and Quarterly Financial Reports
• The Bank's Statement of Financial Position / Balance Sheet (backgrounder)
  • Bank of Canada Statement of Financial Position / Balance Sheet and Supplementary Information
• Medium-Term Plan
  • ADDENDUM: 2010–2012 medium-term financial plan update
  • Achieving Excellence Together: 2010-12
    The Bank's medium-term plan charts our course for the years 2010 to 2012.
  • Achieving Excellence Together: Our Plan, Our Guide 2010-12
    This companion booklet to the medium-term plan offers our employees' views regarding their roles in helping to achieve our corporate priorities.
• Annual Review on Official Languages
  • 2010 statistics
  • 2009 statistics
• Employment Equity Report
• Annual Report - Operation of the Canadian Multiculturalism Act - 2010–2011
• Annual Report - Privacy Act
• Annual Report - Access to Information Act
• Statement of Policy Governing the Acquisition and Management of Financial Assets for the Bank of Canada's Balance Sheet
  This document sets out the policy governing the acquisition and management of domestic financial assets for the Bank of Canada's balance sheet. This policy does not apply to the assets of the Bank's pension trust fund and supplementary trust fund.
• Bank of Canada Policy for Buying and Selling Securities Under Subsection 18.1(1) of the Bank of Canada Act
• Conflict of Interest Policy
• Disclosure of Wrongdoing
• Procurement Policy Statement

Accountability and Disclosure

• External Audit
  The Governor in Council (the Cabinet) appoints two firms of accountants (currently KPMG and PricewaterhouseCoopers) to audit the affairs of the Bank as stated in Section 28 (1) of the Bank of Canada Act. A copy of every report submitted by the auditors to the Bank is contained in the Bank's Annual Report and is submitted to the Minister of Finance.
• Travel and Hospitality Expense Reports
  The Bank publishes quarterly reports on travel and hospitality expenses for all members of the Bank's Governing Council.
• Disclosure of Contracts
  Four times per year the Bank publishes summaries of contracts over $100,000 that it has entered into.

Total Compensation Package

• 2009 Review of Total Compensation – Summary
• Documents concerning the Bank's pension plan.