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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

Kathleen Taylor, C.M.

Chair of the Board,

Royal Bank of Canada

(2001) Toronto, Ontario

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Jacynthe Côté

Chair of the Board,

Hydro-Québec

(2014) Montreal, Quebec

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David F. Denison, O.C., FCPA, FCA

Chair of the Board,

Element Fleet Management Corp.

(2012) Toronto, Ontario

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Roberta L. Jamieson, O.C.

Corporate Director,

(2021) Ohsweken, Ontario

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Maryann Turcke

Senior Advisor,

Brookfield Infrastructure Partners L.P.

(2020) Toronto, Ontario

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Bridget A. van Kralingen

Senior Vice President, Special Projects,

IBM Corporation

(2011) Point Pleasant Beach, New Jersey

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Jeffery Yabuki

Chairman,

Sportradar AG

(2017) Incline Village, Nevada

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Andrew A. Chisholm

Corporate Director,

(2016) Toronto, Ontario

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Toos N. Daruvala

Corporate Director,

(2015) New York, New York

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Cynthia Devine, FCPA, FCA

Chief Financial Officer,

Maple Leaf Sports and Entertainment

(2020) Toronto, Ontario

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David McKay

President & Chief Executive Officer,

Royal Bank of Canada

(2014) Toronto, Ontario

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Thierry Vandal

President,

Axium Infrastructure US Inc.

(2015) Mamaroneck, New York

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Frank Vettese, FCPA, FCBV

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

  • Frank Vettese - Chair
  • Cynthia Devine
  • Maryann Turcke
  • Bridget A. van Kralingen
  • Jeffery Yabuki
Audit Committee Mandate(PDF)

Governance Committee

  • Jacynthe Côté - Chair
  • Andrew A. Chisholm
  • David F. Denison
  • Cynthia Devine
  • Roberta L. Jamieson
  • Jeffery Yabuki
Governance Committee Mandate(PDF)

Human Resources Committee

  • Thierry Vandal - Chair
  • Toos N. Daruvala
  • Maryann Turcke
  • Bridget A. van Kralingen
  • Frank Vettese
Human Resources Committee Mandate(PDF)

Risk Committee

  • Toos N. Daruvala - Chair
  • Andrew A. Chisholm
  • Jacynthe Côté
  • David F. Denison
  • Roberta L. Jamieson
  • 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