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Corporate Governance
Long-term success requires effective governance. The Board of Directors and management of CIBC are committed to excellence in this regard. While CIBC has already been recognized as a leader in this area, we strive each year for continuous improvements in our governance structure and processes.
Elements of effective governance at CIBC:
Achieving excellence
To achieve excellence in governance, CIBC's Board seeks to maintain a high level of expertise and independence for itself.
Find out more about the Board of Directors.
Find out more about governance practices at CIBC.
Integrated governance model
CIBC's senior management team plays a key role in the overall governance of CIBC's businesses by providing timely and accurate information to the Board to assist the directors in their oversight responsibilities. Regular and candid interaction between the Board and management is another key aspect of strong governance to support the long-term interests of CIBC's stakeholders.
Commitment to transparency
The Board and management of CIBC recognize the importance of consistent and timely communication with CIBC's stakeholders.
Read CIBC's Statement of Disclosure Policy and Practices (PDF, 235 KB) Opens a new window.
CIBC's financial reports and press releases, along with other executive presentations and webcasts are available online.
Environmental, Social and Governance
Another component of good governance includes being a responsible corporate citizen. CIBC is recognized as a leader in sustainable business practices.
Constating Documents
CIBC is a Schedule I bank under the Bank Act (Canada) and the Bank Act serves as its charter. CIBC was formed through the amalgamation of The Canadian Bank of Commerce and Imperial Bank of Canada in 1961. The Canadian Bank of Commerce was originally incorporated as Bank of Canada by special act of the legislature of the Province of Canada in 1858. Subsequently, the name was changed to The Canadian Bank of Commerce and it opened for business under that name in 1867. Imperial Bank of Canada was incorporated in 1875 by special act of the Parliament of Canada and commenced operations in that year.