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At ForestersTM, member representatives are elected at local, regional and international levels to carry out Foresters mandate as set by the Board. Branches elect delegates to represent them at Regional Assemblies, which then elect representatives to attend the International Assembly on the Region’s behalf. The Assembly, which is Foresters ultimate governing body, elects the International Fraternal President and the members of the Board of Directors. The Board of Directors appoints the President and Chief Executive Officer, who also is a member of the Board. The Board elects its own Chair.
The Board of Directors oversees Foresters and is responsible for ensuring that processes are in place so that Foresters is in compliance with the laws and regulations in all jurisdictions where it does in business. Foresters Chairman or Chairwoman of the Board of Directors is responsible for managing the Board and for ensuring that our Board of Directors performs its responsibilities effectively and efficiently.
Under the direction of our Board of Directors, our President and Chief Executive Officer is responsible for the short-term and long-term performance of our organization by ensuring that sound plans are developed, that planned results are realized, and that current business and Fraternal affairs are managed consistently within established corporate policies.
As a Canadian financial institution, Foresters is regulated by the federal Canadian regulator Office of the Superintendent of Financial Institutions (OSFI) through statute (the Insurance Companies Act of Canada) and through OSFI Guidelines, including their January 2003 Corporate Governance Guideline.
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