Management and Leadership in Td Bank Group
Running head: MANAGEMENT AND LEADERSHIP IN TD BANK GROUP
Management and Leadership in TD Bank Group
Julia Kuznetsova
MADS 6600
Instructor: Dr. Zarbi
May 21st, 2013
Management and Leadership in TD Bank Group
Introduction
The purpose of this paper is to exemplify how organizational managers and leaders create and maintain a healthy organizational culture and recommend two strategies that organizational managers and leaders can use to improve this culture. As an example I selected a Canadian multinational corporation – The Toronto-Dominion Bank. The Toronto-Dominion Bank is a Canadian multinational banking and financial services corporation headquartered in Toronto. It is the second-largest bank in Canada by market capitalization and based on assets, and is the sixth largest bank branch network in North America. Commonly known as TD and operating as TD Bank Group, the bank was created in 1955 through the merger of the Bank of Toronto and the Dominion Bank, which were founded in 1855 and 1869, respectively. The bank and its subsidiaries have over 79,000 employees and over 19 million clients worldwide. The company is ranked at number 86 on the Forbes Global 2000 2010 listing. In February 2011 it was named one of Canada 's top 10 employers by the Financial Post. (http://en.wikipedia.org/wiki/Toronto-Dominion_Bank, 2013)
Organizational structure overview TD Bank group has a strong, independent Chairman with a clear leadership mandate in corporate governance. The responsibilities of corporate governance are assigned as follows: • The Board oversees management, considers and approves, on a continual basis strategic alternatives and plans, and approves all major strategy and policy recommendations for TD Bank Group • The Board is responsible for setting the tone for a culture of integrity and compliance throughout TD • The Board, its committees, the committee Chairs and the Chairman of the
Management and Leadership in TD Bank Group
Julia Kuznetsova
MADS 6600
Instructor: Dr. Zarbi
May 21st, 2013
Management and Leadership in TD Bank Group
Introduction
The purpose of this paper is to exemplify how organizational managers and leaders create and maintain a healthy organizational culture and recommend two strategies that organizational managers and leaders can use to improve this culture. As an example I selected a Canadian multinational corporation – The Toronto-Dominion Bank. The Toronto-Dominion Bank is a Canadian multinational banking and financial services corporation headquartered in Toronto. It is the second-largest bank in Canada by market capitalization and based on assets, and is the sixth largest bank branch network in North America. Commonly known as TD and operating as TD Bank Group, the bank was created in 1955 through the merger of the Bank of Toronto and the Dominion Bank, which were founded in 1855 and 1869, respectively. The bank and its subsidiaries have over 79,000 employees and over 19 million clients worldwide. The company is ranked at number 86 on the Forbes Global 2000 2010 listing. In February 2011 it was named one of Canada 's top 10 employers by the Financial Post. (http://en.wikipedia.org/wiki/Toronto-Dominion_Bank, 2013)
Organizational structure overview TD Bank group has a strong, independent Chairman with a clear leadership mandate in corporate governance. The responsibilities of corporate governance are assigned as follows: • The Board oversees management, considers and approves, on a continual basis strategic alternatives and plans, and approves all major strategy and policy recommendations for TD Bank Group • The Board is responsible for setting the tone for a culture of integrity and compliance throughout TD • The Board, its committees, the committee Chairs and the Chairman of the
Bibliography: http://en.wikipedia.org/wiki/Toronto-Dominion_Bank. (2013, 05 09). Retrieved 05 20, 2013, from en.wikipedia.org: http://en.wikipedia.org/wiki/Toronto-Dominion_Bank http://www.td.com/about-tdbfg/corporate-governance/corporate-governance-structure/practices.jsp. (n.d.). Retrieved 05 20, 2013, from www.td.com. (2012). TD 2011 Corporate Responsibility Report. (2013). TD 2012 Corporate Responsibility Report.