Royal Bank of Canada: Subsidiary Governance Study

The Royal Bank of Canada is the largest bank in Canada. The bank had to respond to regulator's inquiries regarding activities of one of its subsidiaries. The bank's corporate governance was considered exceptional, however, the governance at the subsidiary level did not necessarily receive the same degree of attention. A consultant and the executive vice-president and general counsel must review the bank's corporate and subsidiary governance practices and develop a new governance model that will enable the bank to be best in-class.