Governance Principles
Council is individually and collectively committed to regulating in the public interest in accordance with the following principles:
Accountability
- We make decisions in the public interest
- We are responsible for our actions and processes
- We meet our legal and fiduciary duties as directors
Adaptability
- We anticipate and respond to changing expectations and emerging trends
- We address emerging risks and opportunities
- We anticipate and embrace opportunities for regulatory and governance innovation
Competence
- We make evidence-informed decisions
- We seek external expertise where needed
- We evaluate our individual and collective knowledge and skills in order to continuously improve our governance performance
Diversity
- Our decisions reflect diverse knowledge, perspectives, experiences and needs
- We seek varied stakeholder input to inform our decisions
Independence
- Our decisions address public interest as our paramount responsibility
- Our decisions are free of bias and special interest perspectives
Integrity
- We participate actively and honestly in decision making through respectful dialogue
- We foster a culture in which we say and do the right thing
- We build trust by acting ethically and following our governance principles
Transparency
- Our processes, decisions and the rationale for our decisions are accessible to the public
- We communicate in a way that allows the public to evaluate the effectiveness of our governance
