Charter and mandates

THE PURPOSE OF THE CHARTER IS TO REGULATE HOW THE BOARD CONDUCTS BUSINES IN ACCORDANCE WITH SOUND CORPORATE GOVERNANCE PRINCIPLES.

The charter’s objectives ensure that all board members acting on the company’s behalf are aware of their duties and responsibilities, the legislation and regulations affecting their conduct and to ensure sound corporate governance principles are applied in their dealings in respect of and on behalf of the company. The charter sets out the specific responsibilities discharged by the board members collectively and individually. In a similar manner, committee mandates define the purpose of board and executive committees, ensuring all committee members are well briefed on the committees objectives and their responsibilities.