Governance and constating documents

Sound governance has always been an integral part of the iA Financial Group corporate culture. The Company is committed to continually adopting the best governance practices. Adherence to the highest governance standards makes it possible to not only foster growth and increase the iA Financial Group share price, but also to maintain the trust of clients, investors and other stakeholders.

The results, moreover, are compelling. For example, iA Financial Group ranks 15th among 242 Canadian companies listed on the Toronto Stock Exchange with respect to the quality of its governance practices (source: Globe and Mail, “Board Games/2014 Annual Corporate Governance Rankings”).

Governance Policies

iA Financial Group’s governance policies were developed with an eye to integrity and ethics, as well as prudent risk management. These policies involve the directors, officers and all employees of iA Financial Group and its subsidiaries. The Company has also adopted rigorous monitoring mechanisms to ensure that its governance policies are understood and thoroughly implemented by everyone.

Directors

The Board of Directors of iA Financial Group is governed by a range of laws and regulations, and its mission is defined in its charter. All the members of the Board of Directors must abide by the iA Financial Group’s Code of Business Conduct and are subject to a variety of policies and guidelines concerning, among other things, Board independence, information disclosure and insider trading.

The board of directors includes 13 directors, 12 of whom are independent members. Additionally, 38% are women. The Information Circular for the Solicitation of Proxies presents information about the directors and discloses governance practices.

To assist it in achieving its mandate, the Board of Directors has created the following four committees:

Audit Committee

  • Agathe Côté
  • Marc Poulin
  • Danielle G. Morin
  • Mary C. Ritchie
  • Michael Hanley, Chair

Audit Committee Mandate (pdf, 88.29 kB)

Human Resources and Remuneration Committee

  • Michael Hanley
  • Robert Coallier, Chair
  • Nicolas Darveau-Garneau
  • Emma K. Griffin
  • Jacques Martin

Mandate of the Human Resources and Compensation Committee (pdf, 335.55 kB)

Investment Committee

  • Emma K. Griffin, Chair
  • Agathe Côté
  • Claude Lamoureux
  • Marc Poulin


Investment Committee Mandate (pdf, 63.31 kB)

Governance and Ethics Committee

  • Claude Lamoureux
  • Jocelyne Bourgon
  • Louis Têtu
  • Danielle G. Morin
  • Jacques Martin, Chair
  • Robert Coallier

Mandate of the Governance and Ethics Committee (pdf, 274.19 kB)

Documents for download

Majority Voting Policy

We have adopted a policy under which a nominee for election as a director for whom the number of votes withheld or abstentions exceeds the number of votes cast in his favour will be required to submit his or her resignation to the Board. Within 90 days following the date of the Annual Meeting at which a director does not receive a majority of the votes cast, the Board, excluding the director who tendered his or her resignation, must decide if it will accept or refuse the director’s resignation.

Barring exceptional circumstances, the Board will accept the resignation. The Company must promptly issue a news release announcing the Board’s decision. If the Board refuses the resignation, the reasons underlying this decision will be disclosed in the news release. Otherwise, the resignation will take effect upon its acceptance by the Board and the position will be filled in accordance with the Company’s By-Laws. This policy does not apply in contested elections.

Officers

Officers of iA Financial Group must abide by the Company’s Code of Business Conduct and are subject to a variety of policies and guidelines concerning, among other things, information disclosure, insider trading and risk management, in addition to all the policies and guidelines that govern employees generally.

Employees

Employees of iA Financial Group and its subsidiaries are at the very heart of the Company’s success. It is therefore vital to ensure that the trust placed in them by clients and shareholders is well-founded and deserved. That is why the level of integrity and professionalism to which they are entitled must be reflected in every employee’s conduct.

For iA Financial Group, it is essential to ensure that employees and all individuals involved in the Company's activities are aware of the high standards of conduct required of them and of the importance of always acting ethically, honestly and with integrity.

To this end, the Company has developed a variety of standards and policies for employees on a number of issues, including

iA Financial Group Code of Business Conduct (pdf, 2.13 MB)

Privacy policy for iA Financial Group (pdf, 341.34 kB)

Circular and financial results

 

Please consult the Investor Relations page for more information, specifically to consult the Information Circular for proxy solicitation and financial results.

Governing documents

 

 

Fast, efficient institutional trade matching and settlement

National Instrument 24-101 establishes a framework that aims to ensure faster and more efficient matching and settlement of institutional trades carried out by a broker on a delivery against payment (DAP) or receipt against payment (RAP) account.

Institutional investors, advisors, brokers and custodians must develop and implement the necessary procedures and policies to meet the objectives set out in this instrument. They must also sign a trade-matching statement or agreement with the parties involved in the process.

The objectives of National Instrument 24-101 are available on the regulatory authorities’ website.

We and our affiliate companies have completed the matching statement required by National Instrument 24-101. The following statements confirm that we have implemented these procedures and policies.

If you have any questions, please email us at conformite-placements@ia.ca.