Mission, Vision, Values

1. The Centre’s mission statement shall be:
   
   
   To be the premier Centre for the thoughtful study of governance in Canada with a special emphasis on the roles of the public accountants and audit committees to whom they report.
   
   
2. The vision of the Centre will include, but is not limited to being:
   
   
   • A Centre for creative and innovative ideas about corporate governance reforms.
   • A Centre to advocate for inclusion of stakeholders beyond shareholders in defining good corporate governance.
   • A Centre for constructive examination of Canadian board norms and practices.
   • A Centre that will aid the integration of corporate governance understanding in all bachelors, masters, and doctoral level programs at QSB and the broader Queen’s campus.
   • A Centre that will ensure that QSB students entering the CA program of studies will be prepared to enter that program and to have an above average understanding of the role of the public accountant in corporate governance.


3. The values that the Centre espouses will include, but not be limited to:
   
   
   • Recognition that governance is part of the larger movement towards corporate social responsibility that centers around the understanding that management is responsible to investors, as well as to a broader group of stakeholders for the long term well being of the entity and the entity’s role in society.
   • Creating an effective board of directors to control management’s use of power by setting appropriate limitations on management to make decisions that would negatively affect the long term well being of the entity and society at large.
   • Recognizing and communicating management’s accountability for the long term well being of the entity to all stakeholders.
   • Creating an effective audit committee to ensure that the public accountant has unfettered access to the board of directors and obtains the full assistance and cooperation of all levels of management in carrying out the public accountant’s regulatory and statuatory roles.
   • Developing formal and informal processes and procedures that enable stakeholders to influence the board’s and management’s decisions including examination of the costs and benefits of relatively more unique Canadian governance practices such as public companies with multiple voting share classes and/or minority investors.