We are governed by an 11-person
Board of Directors. Our Directors have the obligation to act in the best interests of the Corporation and to exercise the care, diligence and skill that a reasonably prudent person would exercise in comparable circumstances, pursuant to the provisions of the
Financial Administration Act.
Day-to-day management is handled by our
corporate officers. The
President and Chief Executive Officer (CEO) is the executive head of
CDIC's management and provides a link between the Board of Directors and
Our Board includes a Chairperson, five private sector directors who bring to
CDIC practical experience from the business world, and five public sector directors who provide knowledge of the financial, supervisory and regulatory environment in which
CDIC operates. They include leaders from the
Department of Finance, the
Bank of Canada, the
Office of the Superintendent of Financial Institutions and the
Financial Consumer Agency of Canada.