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 Legislation||Canada Not-for-profit Corporations Act - 2012-11-13|
|Corporate Name||CANADIAN ASSOCIATION OF BUSINESS STUDENTS|
|Category||Order of Precedence|
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.