Supporting statement 1. This policy will include: • The review of the Board skills matrix to explicitly include key areas such as: • climate and sustainability; • social and racial equity; • relations with Indigenous peoples; • AI ethics; • community impact and responsible investment. 2. 3. The commitment to actively consider candidates from non-traditional backgrounds, including those from community, university, Indigenous and technology environments, provided they have the relevant strategic and social expertise. Annual publication in the proxy circular of a transparent report on the diversity of expertise represented on the Board as well as on the progress made in this regard. The boards of directors of financial institutions operate in an environment where corporate governance issues are rapidly becoming more complex. Questions around technology, climate risks, social equity, Indigenous rights and business ethics require expertise that is diverse and up-to-date. However, demographic diversity alone, while essential, is not enough. It is critical to broaden the range of competencies on the Board, to ensure: • higher quality strategic decisions and deliberations; • more accurate prediction of emerging risks; • enhanced social legitimacy and credibility for the organization; • the capacity to meet the growing expectations of investors and society as a whole. Actively integrating profiles from non-traditional backgrounds, in particular from community, academic, Indigenous and technology environments, will enhance collective brainstorming and better position the organization to meet current and future challenges. Finally, publication of transparent information on the diversity of expertise will improve accountability and build stakeholder trust.