The Nomination and Governance Committee
The Nomination and Governance Committee (NGC) judiciously passes upon the qualifications of nominees to the board, and makes sure that a board election will result in a mix of proficient directors, each of whom will be able to add value and bring prudent judgment to the board of directors. The Nomination and Governance Committee is composed of three members of the Board, one of whom is an Independent Director.
The committee is presently composed of:
The NGC has the following duties and responsibilities:
View the committee charter here.
The Compensation and Remuneration Committee
The Compensation and Remuneration Committee (CRC) is composed of the Chairman of the board and two members, one of whom is an Independent Director. The committee has powers and functions over the compensation and remuneration of the corporate officers other than the Chairman of the Board, whose compensation and remuneration is determined by the President and two directors, one of whom is an Independent Director. The committee ensures that the compensation of the company’s directors and officers is consistent with the company’s culture, strategy, and the business environment in which it operates.
The committee is composed of:
The CRC has the following duties and responsibilities:
The Audit Committee
The Audit Committee is composed of four members of the Board, three of whom are Independent Directors (with the chairman of the committee required to be an Independent Director). The members of the Audit Committee should preferably have accounting and finance backgrounds.
The Audit Committee members are:
The Audit Committee shall have the following powers and functions:
The Audit Committee may request information, data and clarification from the officers of the corporation in the performance of their duties and responsibilities.
The Board Risk Oversight Committee
The creation of the Risk Management Committee (now called Board Risk Oversight Committee) was approved by the board of directors on March 8, 2010.
The committee members are:
The committee is tasked to perform the following: