Canadian Imperial Bank of Commerce announced Monday that it would pour $37 million (C$50 million), into new initiatives aimed at reforming and educating employees on corporate governance. The funding is, in part, forced by a December settlement with federal regulators stemming from its links to the blown-up accounting practices at Enron.

Without admitting wrongdoing in the Enron accounting scandal, CIBC settled in December with the Department of Justice and other regulatory agencies for $80 million.

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