Disclosure and governance policies.
Here’s a summary of the Laurentian Bank financial disclosure and corporate governance policies.
Disclosure policy objective.
Our objective is to form rules for identifying the importance of information and the right timing for its disclosure, and to create a framework for the disclosure process.
Type of information disclosed.
In general, any material information about Laurentian Bank is disclosed to the public.
According to the policy of the Toronto Stock Exchange, material information is defined as any information relating to the company and its operations that results, or might reasonably be expected to result, in a significant change in the market price or value of the company’s securities listed on the index.
Material information includes important changes and facts about Laurentian Bank and our operations, such as financial results, the declaration of dividends, any acquisition or a public offering.
Material information can be positive or negative.
Determining if the information is considered material is mainly a matter of judgment and evaluation of the specific circumstances.
Timing of disclosure.
In accordance with regulatory requirements, material information is disclosed as soon as Laurentian Bank’s management team knows about it, or, in the case of information already known, as soon as it becomes clear the information is material.
Distributing information.
At Laurentian Bank, material information is shared fairly and without discrimination, meaning in a non-selective manner. In other words, material information is made available to everyone at the same time.
Laurentian Bank’s management team doesn’t comment on market rumours, except under certain, unique circumstances.
We observe an information blackout period for 10 days prior to the last day of a quarter until the publication of quarterly or annual results. During this period, Laurentian Bank doesn’t communicate with analysts, investors or the media to discuss our financial results or corporate developments, other than to respond to factual and unsolicited requests about those topics. Even in these instances, we take care to ensure we don’t reveal any material information not previously disclosed to the public.
Methods for the distribution of information.
In accordance with the requirements of the Toronto Stock Exchange, Laurentian Bank shares material information through a media release, which is distributed on a newswire nationwide simultaneously. This allows for the fullest possible distribution of information to the public.
In addition to sharing material information through a media release, we may resort to other means of distribution, including quarterly conference calls with analysts and investors, our website and other communications channels.
Governance policy.
Approved by the Board of Directors on August 28, 2024.
Board governance policy (PDF, 261 KB)