Governance: Global Labour RelationsGlobal LR Steering Committee and Regional LR Working Groups

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Our strategy to manage risk

Objectives:Objectives:

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Mission:Mission:

Mandate:Mandate: The Global LR Steering Committee will be led by GES-LR and will advise on overall strategy and direction for global Labour relations issues, including risks to the Global Bank emerging from various regions or countries. The Committee shall also make recommendations and provide advice to the leaders of GES, IBHR and PCGA who, in turn, may provide or obtain necessary approvals or decisions. Recommendations from this Group to IB Senior Executive; Group Head, Global HR and Communications; or HIC will go through GES. The Regional LR Working Groups shall provide substantive support to GES-LR and the Global LR Steering Committee including research, analysis, review, action planning and recommendations to manage various issues and risks.

Our strategy to manage risk Cont’d

These objectives can best be achieved by the creation of a global, cross-functional Team (Global LR Steering Committee) consisting of key leaders and departments, both globally and locally, to provide direction and coordination of various elements to any Plan.

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Our strategy to manage risk Cont’d

LR Strategic Global ModelLR Strategic Global Model

(*) See Appendices A and B.

Scotiabank respects the right of our employees to join a Union in accordance with local laws applicable in the country of operation and without intimidation or undue influence from the Union, the Employer or any other party.

Scotiabank believes that, as an Employer, it is an interested party in any Union organizing activity or application for Union certification and is entitled, in accordance with applicable law, to express its point of view so that employees can make a personal decision based on correct facts and information.

When required to negotiate collective agreements, Scotiabank will bargain in good faith and act in the best interest of its stakeholders, including customers, shareholders and employees; and

Scotiabank will establish and maintain a respectful, professional relationship with a Union certified by law to represent its employees.

Scotiabank respects the right of our employees to join a Union in accordance with local laws applicable in the country of operation and without intimidation or undue influence from the Union, the Employer or any other party.

Scotiabank believes that, as an Employer, it is an interested party in any Union organizing activity or application for Union certification and is entitled, in accordance with applicable law, to express its point of view so that employees can make a personal decision based on correct facts and information.

When required to negotiate collective agreements, Scotiabank will bargain in good faith and act in the best interest of its stakeholders, including customers, shareholders and employees; and

Scotiabank will establish and maintain a respectful, professional relationship with a Union certified by law to represent its employees.