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RBC among Canada's 10 Most Admired Corporate Cultures

TORONTO — January, 2008 — RBC's corporate culture ranked fourth in Canada's 10 Most Admired Corporate Cultures of 2007 conducted by Waterstone Human Capital Ltd., a leading retainer-based search firm.

Between January and June 2007, Waterstone conducted 185 interviews and surveys with members of the Canadian leadership community representing some of Canada's largest companies. The leaders were asked what they admire most in terms of having a corporate culture that has helped them be successful. The interviews led to more than 50 nominations.

"From RBC's perspective, acknowledging there are different cultures but ensuring common cultural threads that bind the organization and facilitate a lot of cross enterprise cooperation and a lot of cross-enterprise selling is something we put a tremendous amount of emphasis on because we think that's a real differentiator," says Gord Nixon, president and chief executive.

At RBC, our progressive policies, a commitment to diversity and inclusion, and a strong culture of employee engagement helps make us a top employer. We provide an enriching employee experience with competitive compensation, flexible benefit programs, training and career development opportunities, and support for work/life effectiveness initiatives

Interesting Study Highlight
Of the executives interviewed for the study, 93% of them believe there is a direct correlation between corporate culture and corporate performance (up 14% in 2005).

Canada's 10 Most Admired Corporate Cultures of 2007

Ranking Company
1 WestJet Airlines Ltd.
2 Four Seasons Hotels Inc.
3 Boston Pizza International
4 RBC
5 Yellow Pages Group Co.
6 Maple Leaf Food Inc.
7 Manulife Financial Co.
8 Purolator Courier Ltd.
9 Tim Hortons Inc.
10 TD
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