Governance Framework

ABOUT THE FRAMEWORK

The Corporation is governed by a battery of documents, interdependent in a hierarchy of authority and prevalence. The aggregate of these by-laws, resolutions, policies, procedures, corporate directives and other relevant documents serve as the framework by which the various managers, employees and agents are guided and held accountable in the execution of their mandates, both managers and operations.

Furthermore, the documents are designed to promote, support and encourage the manner in which we conduct business; make effective use of resources; and identify certain activities that need to be carefully managed and controlled. They define our operating culture, ensure that we comply with relevant laws and current regulations, and ensure that our corporate objectives are properly defined and effectively achieved.

Governing LegislationCanada Not-for-profit Corporations Act - 2012-11-13
Corporation Number8307806
Business Number824448641RC0001
Corporate NameCANADIAN ASSOCIATION OF BUSINESS STUDENTS
Trade Names"CABS"
"JDC Central"

DOCUMENT CLASSIFICATION

CategoryOrder of Precedence
Governance1
Memo3
Letter2
Publication5
Certificate3
Award4
ClassificationJurisdictionReview
ArticlesMembers5 Years
By-LawsBoard of Directors2 Years
ResolutionsBoard of DirectorsN/A
PoliciesBoard of Directors2 Years
ProceduresPresident2 Quarters
Corporate DirectivesPresident1 Year
FormsPresident1 Year
Classification
Classified
Confidential
Internal
Restricted
Public

All documents classified by each specific hierarchical level is the under the jurisdiction of a specific governing body for regular review, modification and approval.

All official documents are assigned a document category for organization and a security restriction classification, which effectively limits the authorized readers or audience. Documents of the “Governance” category are also assigned a “type”.

As a leader among Canadian organizations, CABS desires to remain a leader in corporate governance and ethical business conduct by maintaining best practices, transparency and accountability to our stakeholders.

This includes a commitment to the highest standards of corporate governance as CABS’ Board and management believe that good corporate governance practices tend to contribute to the creation and maintenance of shareholder value.

On an ongoing basis, the Board reviews its structure, practices and composition and initiates changes to improve its effectiveness.

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