The role of the Board is explicitly supported by the statutory framework within which Canada Post operates (the Canada Post Corporate Act and the Financial Administration Act), the Corporation's By-Laws and its Statement of Board Values and Charter. To consult these documents, click on the following links:

Canada Post Corporation Act
(An Act to govern the operations and the administration of Canada Post Corporation, its Board of Directors, its exclusive privilege, its powers and sets regulations and directives, its status of corporation and includes financial matters, and more...)

Financial Administration Act
(An Act to provide for the financial administration of the Government of Canada and the control of Crown corporations. Consult Part X on Crown Corporations.)

By-Law No. 1
(Transaction of the business and affairs of Canada Post Corporation)

By-Law No. 2
(The borrowing of monies by Canada Post Corporation)

Statement of Board Values and Board Charter.

Responsibilities of the Board of Directors

The Canada Post Board of Directors consists of the Chairperson, the President and Chief Executive Officer and nine other directors appointed as provided in the Canada Post Corporation Act.

The Board of Directors of Canada Post Corporation is responsible for the stewardship of Canada Post Corporation. The Board supervises the management of the business and affairs of the Corporation, including its relationship among the Corporation, its affiliates and the shareholder.

In order for the Board of Directors to be explicitly responsible for the Corporation's stewardship, the Board is responsible for the following matters through or in consultation and collaboration with senior management:

• Strategic Plan/Direction and Corporate Plan
• Principal Risk Assessment
• Senior Level Management
• Canadian Postal Policy
• Integrity
• Communications
• Board Effectiveness
• Corporate Governance

Board of Directors Standards of Conduct

Standards of Conduct are guidelines which are strictly followed by Canada Post's Board of Directors. They include specific rules of ethic and guidelines on matters such as conflict of interest and the Directors' responsibility of honesty, loyalty, confidentiality, care, prudence, diligence and skill. This document also includes the General Declaration of Interest form.

Canada Posts Code of Conduct

Each year, the Board of Directors also oversees the evolution of Canada Post's corporate governance practices and policies, including its Code of Conduct to ensure that Canada Post continues to comply with high standards of corporate governance. The Code of Conduct sets out clearly the ethical standards that are expected of employees in their dealings with customers, the Corporation and each other.

Senior Executive Team

It is the role of Management to run the day-to-day operations of Canada Post in a way that is consistent with Canada Post's Corporate Plan and Budget, which are approved by the Board of Directors. In this context, the President and Chief Executive Officer assisted by the Senior Executive Team, makes recommendations to the Board of Directors with respect to matters of Corporate Strategy and Policy. The Board of Directors then makes the decisions which it deems appropriate and supervises the execution of such decisions and reviews the results obtained on a quarterly basis.