Course title: law and governance
Select two (2) articles using any of the following resources; newspapers, weekly journals, or (reputable) Internet news sites. All articles must be dated from September 1, 2015 onward. You may access local Canadian libraries or the Internet.
The articles you select must relate to Law and/or Corporate Governance, this would include topics/areas discussed in class or any of the following topics:
common, civil, tort or criminal law
constitution and/or charter
financial services and regulatory compliance
fraud and/or negligence
privacy law issues
duty of care and/or fiduciary duty
The articles must contain significant information or commentary on the identified key topic in Law and/or Corporate Governance.
You are to select your own articles and must not lend articles to other student groups.
Assignment 1 should be in 11 pt. font and should be between 3 pages
Content: Use Headings for each article:
Introduction: Introduce each article, why it was selected, and how the article relates to Law and/or Corporate Governance.
Summary: Write a summary of each article. Tip: One way to do this is to read the article several times, jot down key facts and then write your summary without looking at the article, only at your notes. That way you are more likely to express the facts with your own writing style and words.
Topic Analysis: Students must write an analysis of each article. Ensure to identify and explain how and why the article relates to Law and/or Corporate Governance. This may include material covered in class and/or other research you have undertaken. Ensure to properly cite all of your sources.
Your team, “Compliance - Projects and Initiatives”, reports to the head of Wealth Management Compliance for a large Canadian Bank.
Your team’s role within the Wealth Management Compliance includes:
Responsibility for leading and managing a team of senior compliance professionals.
Managing firm-wide projects and initiatives for Wealth Management Compliance in response to regulatory developments and bank initiatives.
Working with senior management to help ensure various Compliance areas meet their mandates and yearly and quarterly objectives and targets.
Coordinating development, review and completion of Wealth Management.
Compliance policies and procedures, and ensuring that a consistent approach, structure and quality are applied with firm-wide policies and procedures.
During a recent IIROC Audit, it was revealed that there were some reporting deficiencies relating to the CCO and Board of Directors.
Specifically, it was noted that the CCO did not provide reports to the Board of Directors as required by IIROC Dealer Member Rule 38.7 (h and i):
IIROC has submitted a Guidance Notice relating to the “The Role of Compliance and Supervision”: http://www.iiroc.ca/documents/2012/3d12ae0f-3a27-49cc-9d56-08708c0988d2_en.pdf
You and your team have been asked by your boss to submit a report outlining:
A summary of the IIROC draft Guidance: “The Role of Compliance and Supervision” which will be submitted to your firm’s Board of Directors.
As part of your summary, you are also required to provide a recommended reporting structure for the CCO to the Board of Directors.
Items to consider:
Part A of the report should be in 11pt. font and should be between 2 pages
IIROC draft Guidance: “The Role of Compliance and Supervision”. However, the purpose of the assignment is not to simply reiterate the material but to contemplate how the material can and should be organized and presented to the board.
Assume the Board of Directors has limited information on “The Role of Compliance and Supervision”, as a result, clear, concise and plain language will be needed.
Assumptions about the firm, your department and the issues identified in the audit report should be clearly outlined at the beginning of this section of the report.
The section is intentionally open ended - there is no one single “right approach” to this part of the assignment.
Be creative and feel free to think outside the box.
Personal Impact Statement
You must give your own specific comments and opinions on both Assignment 1 – Research and Assignment 2 – Scenario. Ensure to include your personal comments and/or opinions on what you learned from completing this assignment, specifically, how can you apply and connect the information from the article to the various areas of Compliance studied in the FCA program. (Financial services compliance admin)
Your own personal impact should be in 12 pt. and no longer than 1-page long.