Corporate Governance

Sound corporate governance is essential in developing investor confidence and increasing shareholder value. Transparency, corporate ethics and discipline ensure compliance with a changing regulatory environment and allow anticipation and implementation of best practices as they evolve. The company’s governance defines fundamental relationships among members of the board, management, shareholders and other stakeholders. It defines the framework in which ethical values are established and the context in which corporate strategies and objectives are set.

Board Committees

The board fulfills its mandate directly and through its committees, comprising the Audit Committee and Compensation Committee.

Audit Committee

The purpose of the Audit Committee is to assist the board in its oversight of the integrity of the company's financial statements and other relevant public disclosures, its compliance with legal and regulatory requirements relating to financial reporting, the external auditors' qualifications and independence, the performance of the external auditors and enterprise risk management.

Compensation Committee

The Compensation Committee is responsible for determining compensation for the directors and officers of the company to ensure it reflects the responsibilities and risks of a public company.