the cpab has two governing bodies. the council of governors consists of six members: the superintendent of financial institutions, the chair of the ontario securities commission, the chair of the "autorité des marchés financiers", the chair of the canadian securities administrators, a governor selected by the csa, and public accountant that has audit oversight regulatory experience, selected by the other five. in turn, the council appoints the board of directors, who are responsible for supervising the activities of the organization.