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 CDIC employees.
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.