Council is individually and collectively committed to regulating in the public interest in accordance with the following principles:

Accountability

• We make decisions in the public interest
• We are responsible for our actions and processes
• We meet our legal and fiduciary duties as directors

Adaptability

• We anticipate and respond to changing expectations and emerging trends
• We address emerging risks and opportunities
• We anticipate and embrace opportunities for regulatory and governance innovation

Competence

• We make evidence-informed decisions
• We seek external expertise where needed
• We evaluate our individual and collective knowledge and skills in order to continuously improve our governance performance

Diversity

• Our decisions reflect diverse knowledge, perspectives, experiences and needs
• We seek varied stakeholder input to inform our decisions

Independence

• Our decisions address public interest as our paramount responsibility
• Our decisions are free of bias and special interest perspectives

Integrity

• We participate actively and honestly in decision making through respectful dialogue
• We foster a culture in which we say and do the right thing
• We build trust by acting ethically and following our governance principles

Transparency

• Our processes, decisions and the rationale for our decisions are accessible to the public
• We communicate in a way that allows the public to evaluate the effectiveness of our governance