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RBC named to Canada's 10 Most Admired Corporate Cultures Hall of Fame

TORONTO - November 25, 2009 – RBC is to be inducted into Canada's 10 Most Admired Corporate Cultures Hall of Fame by leadership search firm Waterstone Human Capital Ltd.

In each of the past four years, RBC has been recognized as having one of the most admired corporate cultures in an annual study by Waterstone. As part of this year's award process, RBC was awarded Hall of Fame status.

RBC will be inducted to the Hall of Fame at the Canada's 10 Most Admired Corporate Cultures awards gala on Monday February 1, 2010, at Four Seasons Hotel Toronto. RBC is joined in the Hall of Fame together with the other multi-year winners Four Seasons Hotels and Resorts, Tim Hortons, WestJet and Yellow Pages Group.

"Our hall of fame inductees have been repeatedly recognized by the Canadian leadership community for having phenomenal corporate cultures," says Marty Parker, the managing director of Waterstone Human Capital. "We felt it was time to initiate a hall of fame to formally recognize these world-class organizations and their great accomplishments."

Teamwork and "doing the right thing for the organization" are non-negotiable elements of RBC's culture, said President and CEO Gordon M. Nixon during an interview with the Financial Times in August 2009. "We can have the hottest-shot trader in the world, but if he or she doesn't comply with the culture and values of the organization, we don't want that person being part of the [bank]."

Progressive policies, a commitment to diversity and inclusion, and a strong culture of employee engagement help make RBC 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. These help us to both attract and retain talented people and ensure we win together.

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