Governance
Board Committees
The following is a brief summary of the mandates of the five committees of the Board:
Executive Committee
The Executive Committee has and may exercise all or any of the powers vested in and exercisable by the Board, except the power to do certain things as outlined in its Charter.
- Hon. Paul Desmarais (Chairman)
- André Desmarais
- Paul Desmarais, Jr.
- Anthony R. Graham
- The Rt. Hon. Donald F. Mazankowski
- Jerry E.A. Nickerson
Audit Committee
The primary mandate of the Audit Committee is to review the financial statements of the Corporation and public disclosure documents containing financial information and to report on such review to the Board, to be satisfied that adequate procedures are in place for the review of the Corporation’s public disclosure documents that contain financial information, to oversee the work and review the independence of the external auditors, and to review any evaluation of the Corporation’s internal control over financial reporting.
- James R. Nininger (Chairman)
- The Rt. Hon. Donald F. Mazankowski
- Robert Parizeau
- Emőke J.E. Szathmáry
Compensation Committee
The primary mandate of the Compensation Committee is to approve compensation policies and guidelines for employees of the Corporation, to approve compensation arrangements for executives of the Corporation, to recommend to the Board compensation arrangements for the Directors and the President and chief Executive Officer, to oversee the management of incentive compensation plans and equity compensation plans, and to review succession plans for senior management.
- Jerry E.A. Nickerson (Chairman)
- Anthony R. Graham
- The Rt. Hon. Donald F. Mazankowski
- James R. Nininger
Related Party and Conduct Review Committee
The primary mandate of the Related Party and Conduct Review Committee is to review and, if deemed appropriate, to approve transactions with related parties of the Corporation.
- The Rt. Hon. Donald F. Mazankowski (Chairman)
- Anthony R. Graham
- Emőke J.E. Szathmáry
Governance and Nominating Committee
The primary mandate of the Governance and Nominating Committee is to oversee the Corporation’s approach to governance issues, to recommend to the Board corporate governance practices consistent with the Corporation’s commitment to high standards of corporate governance, to assess the effectiveness of the Board of Directors, of Committees of the Board and of the Directors, and to recommend to the Board candidates for election as Directors and for appointment to Board Committees.
- Paul Desmarais, Jr. (Chairman)
- André Desmarais
- Hon. Paul Desmarais
- Anthony R. Graham
- The Rt. Hon. Donald F. Mazankowski