Page 49 - 2007_2008_Annual_Report

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2007-2008 ANNUAL REPORT
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47
ORIENTATION AND CONTINUING
EDUCATION
NP 58-201, sections 3.6 and 3.7
3.6 The board should ensure new directors
receive comprehensive orientation and
fully understand the role of the board
and committees, the contribution
individual directors are expected to
make and the nature and operation
of the business.
3.7 The board should provide continuing
education opportunities for all directors
to enhance their skills and abilities
and ensure their knowledge of the
corporation’s business is current.
3.6 Through their mandate, the Governance Committee
holds the responsibility to ensure and to monitor whether
the proper orientation and continuing education training
opportunities are made available to the Board. SIGA
Management has provided comprehensive orientation
training to the Directors about the business and the industry.
SIGA also provides all Directors with a comprehensive binder
that contains essential reference materials.
3.7 The Corporation makes available to the Directors the
opportunity to participate in comprehensive education
programs such as: Institute of Corporate Directors –
Directors Education Program, Aboriginal Board Governance
Development and the Directors College – Chartered
Directors Program. All are certified comprehensive
education programs with specific focuses on key roles
and responsibilities of boards, committees and directors.
Yes
NI 58-1011, sections 4(a) and (b)
4 (a) Describe the measures taken to orient
new directors to the role for the board,
committees and directors and to the
nature of the corporation’s business.
(b) Describe the measures taken to provide
continuing education opportunities for
all directors.
4 (a) SIGA Management provides comprehensive
orientation training to the Directors about the business
and the industry. The Corporation also provides all
Directors with a comprehensive binder that contains
essential reference materials. The orientation provides
Directors with a understanding of the industry trends,
business risks and challenges, the strategic plan,
organizational structure and the responsibilities of
senior staff.
(b) SIGA makes available to the Directors external
opportunities to participate in comprehensive certified
education programs such as: Institute of Corporate
Directors – Directors Education Program, Aboriginal
Board Governance Development and the Directors
College – Chartered Directors Program. Over the past
number of years, a focus has been to identify what skills
board members require that will assist them in effectively
discharging their responsibilities. Other experts have been
brought in to support the Board’s development such as
outside legal counsel, with expertise in board governance,
to outline the board’s legal and fiduciary responsibilities.
Yes
SIGA’s Governance Practices
Does SIGA Align?