The Handbook of Board Governance, 3rd Edition

63Model Director Education 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 Education Program
• Board and Board Committee Education
• Notice of Educational Opportunities
• Customized Director Education
• Individual Director Education
• Obtaining Approval for External Director Education
• Education Registers
• Review of Director Education Program
• Policy Amendment and Review
• About the Author

Introduction

This Director Education Policy (Policy) sets out procedures and practices regarding the Organization’s continuing education and development of incumbent Directors and incumbent 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 Education Program

1. Take all reasonable steps to ensure that (a) a comprehensive Director Education Program is engaged in by each incumbent Director and incumbent Committee Member and (b) documentation of such engagement in respect of each incumbent Director and incumbent ...