Board Committees

The Board of the Corporation has three committees: Audit & Risk Committee, Corporate Governance - Nomination, Compensation and Succession Committee ("GOCOM") and the Pension Fund Committee. The Board annually appoints committee members and reviews and approves the committee mandates. In addition, from time to time, ad hoc committees of the Board are appointed to consider matters such as related party transactions and other issues of importance to the Board and the Corporation.


Director Audit & Risk GOCOM Pension
L.M. Charlton X X
R.J. Normand X   Chair
H.A. Rangel X
J.W. Simpson Chair X
L.A. Southern-Heathcott X
C.W. Wilson   Chair


Audit & Risk Committee

[Chair: J.W. Simpson]
This committee is responsible for the oversight of the quality and integrity of the accounting, auditing, internal audit functions and controls, management information systems, reporting practices of the Corporation, risk management process and significant risks to the Corporation. The Audit & Risk Committee oversees the performance and compensation of the external auditor. The information about the Audit & Risk Committee also required by National Instrument 52-110 Audit Committees, is disclosed in the Corporation's annual information form ("AIF").


Corporate Governance: Nomination, Compensation and Succession Committee ("GOCOM")

[Chair: C.W. Wilson]
This committee is responsible for succession planning and, in conjunction with the President & Chief Executive Officer, assessing the performance of officers and determining executive compensation. This committee reviews committee mandates prior to their submission to the Board and is responsible for identifying and recommending potential candidates for the Board.



Pension Fund Committee

[Chair: R.J. Normand]
This committee oversees the retirement plans for employees of the Corporation in accordance with the Pension Governance Policy. The primary responsibilities of this committee are to oversee the governance structure of the pension plans and approve policy decisions for benefit design and liability management, funding and investment of the plans and to select and monitor the investment managers for the plans.