Page 61 - 2008_2009_Annual_Report

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CSA Corporate Governance Policy
SIGA’s Governance Practices
Does SIGA Align?
NP 58-201, section 3.1
The board should have the majority of
independent directors.
The directors on the SIGA board are
(9 out of 9) independent.
*SIGA’s board composition is 13 members with only
9 of those Directors being confirmed as of this date.
NI 58-101F1, sections 1(a) and (d)
1 (a) Disclose the identity of directors
who are independent;
(b) Disclose the identity of directors
who are not independent and the
basis for that determination;
(c) Disclose whether the majority of
directors are independent; and
(d) Disclose whether a director is a
director of any other issuer that
is a reporting issuer.
Ray Ahenakew, Chair: Independent
– Advisor to the Saskatchewan Indian Institute
of Technologies
Edward Henderson, Vice Chair: Independent
– Vice Chief, Prince Albert Grand Council
Gary Laplante, Director: Independent
– Political and Policy Advisor Battlefords Tribal Council
Sheldon Wuttunee, Director: Independent
– Chief, Red Pheasant First Nation
Isabel O’Soup, Director: Independent
– Consultant, Key First Nation
Felix Thomas, Director: Independent
– Chief, Kinistin First Nation
Reginald Bellerose, Director: Independent
– Chief, Muskowekwan First Nation
Brian Standingready, Director: Independent
– Chief, White Bear First Nation
Robert Gerow, Director: Independent
– Director of Education, Agency Chiefs Tribal Council
This criterion is met by all current board members
being external directors (i.e. not managers or employees
of SIGA) and by having each board member complete
and sign code of conduct acknowledgement and conflict
of interest disclosure forms. Test results confirmed that
completed forms are on file for all directors. Section 1(d)
does not apply to SIGA, as SIGA does not have share
capital, and is not an issuer.
NP 58-201, section 3.2
3.2 The Chair of the board should be
an independent director who is the
effective leader of the board, who
ensures that the board’s agenda
will enable it to successfully carry
out its duties.
The Chair of the board is an independent director who
provides leadership in board organization, processes,
effectiveness and renewal and serves as a liaison
between the roles of the board, shareholders and
that of President and CEO.