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BMO Financial Group 193rd Annual Report 2010 21
910111213141516 17
CORPORATE DIRECTORY
Our Governance Structure
At every board and committee meeting, members hold in-camera
sessions without management present. In addition, at Audit
Committee meetings, the members meet separately with the
Internal Auditors, shareholders’ auditors and General Counsel,
without management present.
Audit Committee
Philip S. Orsino (Chair) Martha C. Piper
Robert Chevrier Jeremy H. Reitman
Ronald H. Farmer Guylaine Saucier
David A. Galloway
• Oversees the integrity of our financial reporting, internal controls,
disclosure controls and internal audit function, as well as our
compliance with legal and regulatory requirements and auditor
independence requirements.
• Monitors transactions involving related parties, conflicts of interest,
the use and disclosure of confidential and personal information
and standards of business conduct.
• Oversees the accurate and clear reporting of financial information
to shareholders.
Governance and Nominating Committee
J. Robert S. Prichard (Chair) Bruce H. Mitchell
Robert M. Astley Philip S. Orsino
David A. Galloway Nancy C. Southern
• Develops, reviews and assesses corporate governance principles
and systems on an ongoing basis.
• Continuously monitors BMO practices in comparison to best
practices worldwide.
• Identifies and recommends new director candidates.
• Responsible for director succession, orientation and compensation.
Human Resources Committee
Robert M. Astley (Chair) David A. Galloway
David R. Beatty Martha C. Piper
George A. Cope Don M. Wilson III
Ronald H. Farmer
• Assists the board in its oversight of the appointment, performance
evaluation and compensation of senior executives.
• Ensures effective talent development, retention strategies and
succession planning.
• Recommends guidelines and principles for compensation programs,
including a clear link between pay and performance and safeguards
against the encouragement of excessive risk-taking.
Risk Review Committee
Bruce H. Mitchell (Chair) Philip S. Orsino
Robert M. Astley J. Robert S. Prichard
David R. Beatty Guylaine Saucier
Christine A. Edwards Nancy C. Southern
David A. Galloway Don M. Wilson III
Harold N. Kvisle
• Oversees the identification, documentation, measurement
and management of significant risks.
• Monitors compliance with risk-related regulatory requirements
and with internal risk management policies and procedures.
Governance
and
Nominating
Committee
Human
Resources
Committee
Risk Review
Committee
Management Committee
Responsible for setting
and managing enterprise
strategy and performance
Performance Committee
Responsible for driving
enterprise results and
delivering on corporate
priorities
Leadership Council
Responsible for under-
standing enterprise and
group strategies and
aligning all BMO employees
around them
ELECT Shareholders’
Auditors
Shareholders
Management
ELECT
Board of
Directors
APPOINTAPPOINT
APPOINT
Audit Committee
Risk Management
Committee
Responsible for risk
oversight and
governance
at the highest
levels of
management
Disclosure
Committee
Responsible for
the accuracy and
timeliness of BMO’s
public disclosure
Reputation
Risk Committee
Responsible for
reviewing significant
potential reputation
risks to BMO