Audit Committee

The Audit Committee is mandated to monitor audit functions, prepare financial statements, review press releases on financial results, review other regulatory documents as required, and meet with outside auditors independently of management.

The primary role of the Audit Committee is to ensure that the Company’s management has designed and implemented an effective system of internal financial controls and to review and report on the integrity of the Company’s consolidated financial statements and related financial information. In pursuing these objectives, the Audit Committee maintains effective working relations with the Board of Directors and management, monitors the ties with the external auditors, and reviews the effectiveness of the internal audit function.

Compensation and Human Resources Committee

The Compensation and Human Resources Committee determines the compensation for the Chief Executive Officer, monitors the compensation for other senior executives, and makes recommendations to the Board of Directors. It also reviews and recommends to the Board compensation policy, including the determination of incentive programs, for the whole Company.

Corporate Governance, Nominating and Sustainability Committee

The Corporate Governance, Nominating, and Sustainability Committee assists the Board by providing it with recommendations relating to corporate governance in general, including, without limitation:

(a) All matters relating to the stewardship role of the Board in respect of the management of the company,

(b) Board size and composition, including the candidate selection process and the orientation of new members,

(c) Board compensation, and

(d) Such procedures may be necessary to allow the Board to function independently of management.

The committee also oversees compliance with policies associated with an efficient and effective corporate governance system. They assist the Board in carrying out the company’s corporate sustainability policies, including environmental, social, health, safety, and ethical matters, and is responsible for advising the Board, committees of the Board, and executive management on such matters.