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Our Approach to Corporate Governance

We believe that good governance is not just about overseeing RBC and its practices, but doing so in a way that’s transparent, independent of management and ethical. It involves the Board of Directors actively engaging with all stakeholders, knowing the business and its risks, challenging management where necessary, understanding the challenges and opportunities of a changing industry and economy, setting robust standards and principles that will guide RBC to success and helping clients thrive and communities prosper – all to ensure we’re constantly enhancing value for our shareholders.

Royal Bank of Canada was constituted in 1869 under a private act of Canada and is governed by the Bank Act (S.C. 1991, C. 46).

The Board exercises its authority in accordance with the Bank Act and other applicable laws and regulations, including those of the Canadian Securities Administrators, the Toronto Stock Exchange, the New York Stock Exchange and the U.S. Securities and Exchange Commission.

Financial Performance

For financial highlights, annual reports, quarterly information and other financial results, see our Investor Relations site.

Directors

Andrew A. Chisholm

Corporate Director

2016   Toronto, Ontario

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Toos N. Daruvala

Co-Chief Executive Officer,

MIO Partners, Inc.

2015   New York, New York

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Alice D. Laberge

Corporate Director

2005   Vancouver, British Columbia

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David McKay

President & Chief Executive Officer,

Royal Bank of Canada

2014   Toronto, Ontario

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Kathleen Taylor

C.M.

Chair of the Board,

Royal Bank of Canada

2001   Toronto, Ontario

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Thierry Vandal

President,

Axium Infrastructure US Inc.

2015   Mamaroneck, New York

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Jeffery Yabuki

President and Chief Executive Officer,

Fiserv, Inc.

2017   Brookfield, Wisconsin

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Jacynthe Côté

Chair of the Board,

Hydro-Québec

2014   Montreal, Quebec

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David F. Denison

O.C., F.C.P.A., F.C.A.

Chair of the Board,

Element Fleet Management Corp.

2012   Toronto, Ontario

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Michael H. McCain

President & Chief Executive Officer,

Maple Leaf Foods Inc.

2005   Toronto, Ontario

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Heather Munroe-Blum

O.C., O.Q., Ph.D., F.R.S.C.

Chairperson,

Canada Pension Plan Investment Board

2011   Montreal, Quebec

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Bridget A. van Kralingen

Senior Vice President,

Global Industries, Platforms and

Blockchain, IBM Corporation

2011   New York, New York

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Frank Vettese

Corporate Director

2019   Toronto, Ontario

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The date appearing after the name of each director indicates the year in which the individual became a director. The term of office of each director will expire at the next Annual Meeting of Common Shareholders.

Audit Committee

  • David F. Denison - Chair
  • Andrew A. Chisholm
  • Jacynthe Côté
  • Michael H. McCain
  • Frank Vettese
  • Jeffery Yabuki
Audit Committee Mandate(PDF)

Governance Committee

  • Jacynthe Côté - Chair
  • Andrew A. Chisholm
  • Toos N. Daruvala
  • Alice D. Laberge
  • Jeffery Yabuki
Governance Committee Mandate(PDF)

Human Resources Committee

  • Thierry Vandal - Chair
  • Michael H. McCain
  • Heather Munroe-Blum
  • Bridget A. van Kralingen
  • Frank Vettese
Human Resources Committee Mandate(PDF)

Risk Committee

  • Toos N. Daruvala - Chair
  • David F. Denison
  • Alice D. Laberge
  • Heather Munroe-Blum
  • Bridget A. van Kralingen
  • Thierry Vandal
Risk Committee Mandate(PDF)

Committee Chair Mandate

Read the Mandate(PDF)

Contact Us

The Board of Directors believes that communication with shareholders is an important part of the governance process and encourages shareholders to express their views.

Contact the Board