Corporate and Public Governance
Good corporate citizenship at home and abroad – including respect for human rights, environmental stewardship and community investment – plays an essential role in enhancing public trust, attracting and retaining talented employees and reducing investor perceptions of risk.
Good governance is important to the success of countries, too. It is the foundation for healthy and sustained economic growth and for social progress.
The Council is active on governance and regulatory issues, such as the need to reform Canada’s fragmented structure for the regulation of securities markets. The 2007-09 crisis in financial markets sparked widespread debate over governance and regulation of the financial services sector globally, with Canada’s standards and practices held up as models for the world.
Canada’s reputation for good governance contributes to its competitiveness by bolstering investor confidence in Canadian markets and reinforcing Canada’s reputation as a home to ethical and well-run businesses.
Nevertheless, there is a need for joint action by federal and provincial governments to reduce regulatory fragmentation and remove the remaining barriers to internal trade and labour mobility.