The Handbook of Board Governance, 3rd Edition

62Model Director Orientation Policy

Richard W. Leblanc, FCMC, CMC-AF, BSc, MBA, LLB, JD, LLM, PhD

Professor of Governance, Law & Ethics, York University, and Independent Governance Advisor

Table of Contents

• Introduction
• Director Orientation Program
• Director Orientation Materials
• Customized Director Orientation
• Director Orientation Sessions
• Director Orientation Meetings
• Facilities Tour
• Designated Mentor for Each New Director
• Committee Orientation Materials and Sessions
• Financial Literacy Training for Audit Committee Members
• Director Orientation Registers
• Policy Amendment and Review
• About the Author

Introduction

This Director Orientation Policy (Policy) sets out procedures and practices regarding the Organization’s training and onboarding for incoming new Directors and new Committee Members.

The Organization recognizes that a competent, effective, contributing, and engaged Board, Board Committees, and individual Directors ensure high standards of corporate governance and strategic, performance, financial, and risk oversight in the best interests of the Organization.

The Governance and Nominating Committee (or the equivalent), with support from the Corporate Secretary (or the equivalent) and other relevant Senior Management, shall fulfill the following.

Director Orientation Program

1. Take all reasonable steps to ensure that (a) a mandatory and comprehensive Director Orientation Program is completed by each new Director and new Committee Member and (b) documentation ...