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065
SIGA’s Governance Practices
Does SIGA Align?
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 for 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 skill sets
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. 8 of the 9
Directors have participated in Financial Literacy training
program provided by the external audit firm, Deloitte and
Touche in February 2009.
Yes