BMO Appoints Non-Executive Chairman
In May 2004, the Board separated the roles of Chairman and Chief Executive Officer and appointed David Galloway as non-executive Chairman of the Board. The Chairman of the Board ensures that the Board operates independently of management and that directors have an independent leadership contact.

Code of Conduct
The Board has adopted FirstPrinciples, our comprehensive code of business conduct and ethics, which provides a framework for directors, officers and employees on the conduct and ethical decision-making integral to their work. Under FirstPrinciples, concerns regarding questionable accounting, internal accounting controls or auditing matters can be reported to BMO's Ombudsman on a confidential and anonymous basis.

Governance Practices
At BMO, leadership in governance begins with our Board of Directors. It is the responsibility of the Board to ensure that each member of senior management is held accountable for his or her actions to shareholders, customers and employees, and to the communities in which we do business.