Bank of Montreal 1997 Annual Report Download - page 97

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Please find page 97 of the 1997 Bank of Montreal annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

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Corporate
Governance
For Bank of Montreal, the relationship with its investors is a long-term construc-
tive partnership. This philosophy and approach have for many years guided our
efforts to develop open, effective, accountable corporate governance practices,
and have earned the Bank a long-standing reputation as a leader in this field.
Our determination to maintain that leadership has been incorporated into
our Corporate Governance Program, a program which is constantly evolving
and
which incorporates the Bank’s high principles.
Webelievethatinadynamicenvironmentitisimperativethatdirectorsand
managers of public corporations constantly review, evaluate and, if necessary,
modify governance practices to ensure their effectiveness and vitality.
To this end, Bank of Montreal has recently concluded a major review of its
Corporate Governance Program. Many of the study’s recommendations have
already been implemented, ensuring that Bank of Montreal will continue to lead
the field of corporate governance with a program that protects shareholders
and ensures their voices will be heard, safeguards Board independence, and
ensures the accountability of the Board to all the Bank’s investors.
There are six key areas of focus that shape our governance program.