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The **main features of the Canadian model** include a unitary board structure, a focus on shareholder value, and a relatively high degree of independence among directors. There's a strong emphasis on disclosure and transparency, with companies required to provide detailed financial reports and information about their governance practices. Canadian companies also often have committees, like audit committees and compensation committees, to provide specialized oversight. These committees help to ensure that key areas of the company are being properly managed and that there are checks and balances in place. The whole idea is to create a well-rounded and accountable governance structure. One key document, the Canadian Corporate Governance Code, provides guidelines and best practices for companies, even though it’s not legally mandatory. It's all about providing a framework for companies to do the right thing.
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