I was out poking around the Canadian Imperial Bank of Commerce (CIBC) site on another matter when I noticed the link titled Governance. I have pasted much of that link down below.

This is an issue on which I would like to see some discussion with regards to Spider Resources. Your input is welcome.

Snug

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Governance

Long-term success requires effective governance. The Board of Directors and management of CIBC are committed to excellence in this regard. While CIBC has already been recognized as a leader in this area, we strive each year for continuous improvements in our governance structure and processes.

Elements of effective governance at CIBC:

Achieving excellence

To achieve excellence in governance, CIBC's Board seeks to maintain a high level of expertise and independence for itself.

Integrated governance model

CIBC's senior management team plays a key role in the overall governance of CIBC's businesses by providing timely and accurate information to the Board to assist the directors in their oversight responsibilities. Regular and candid interaction between the Board and management is another key aspect of strong governance to support the long-term interests of CIBC's stakeholders.

Commitment to transparency

The Board and management of CIBC recognize the importance of consistent and timely communication with CIBC's stakeholders.

Responsible corporate citizenship

Another component of good governance includes being a responsible corporate citizen. CIBC is recognized as a leader in sustainable business practices and corporate social responsibility.