Corporate Governance

The Board of Directors has adopted a set of Corporate Governance Guidelines and a U.S. Code of Conduct and Ethics in addition to the TD Bank Financial Group Code of Conduct and Ethics. These principles embrace the highest standards of corporate governance by promoting the effective functioning of corporate and Board activities and ensuring TD Banknorth continues to conduct business in accordance with the most stringent legal and ethical standards. These principles have always been a fundamental and integral part of the management and operation of TD Banknorth.

These principles remain core to TD Banknorth because they foster a climate of respect, trust and candor conducive to the effective functioning of TD Banknorth from its smallest branches up to its Boardroom. These principles of governance also reflect TD Banknorth's current business operations, capital structure, regulatory environment and economic conditions. TD Banknorth recognizes that these conditions change with time and, accordingly, the Board and management will continually review these governance guidelines to meet changing circumstances.

This website communicates the policies and guidelines that govern TD Banknorth's Board, its management, and all of its employees. These policies provide a framework for the proper operation of TD Banknorth, consistent with the requirements of the law. The Board is committed to monitoring the effectiveness of decision-making at the Board and management levels and to rigorously and diligently exercising its oversight responsibilities throughout the Company.