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ETHICS ADVISORY COMMITTEE – EDWARD HENDERSON, CHAIR
The Ethics Advisory Committee is responsible for monitoring the best practices in corporate ethics and annually reviewing the Authority’s
ethics policies, processes and practices to ensure that the Authority continues to exemplify high standards of corporate ethics. The
committee monitors compliance with the code of conduct, conflict of interest and disclosure of wrongdoing policies on behalf of the
Board. This committee met 6 times in the 2009/10 fiscal year.
GOVERNANCE COMMITTEE – REGINALD BELLEROSE, CHAIR
The Governance Committee is responsible for, and reports to the Board about, the corporate governance processes of the Board. The
Governance Committee monitors the functioning of the Board and committees of the Board, and recommends governance issues to be
discussed by the Board and committees of the Board. It is also responsible for ensuring timely and complete information and decision-
making at the Board and committee levels. The Governance Committee is responsible to ensure annual review of the terms of reference
of the Board and its committees. The committee coordinates the bi-annual evaluations of the Board, the Board Chair, committees and the
Director’s self-assessments. The evaluations of the Board and its committees was completed in spring 2010. The Governance Committee
also oversees the annual evaluation of the CEO. The Board engaged with Shercon Associates Inc., an independent third party, to conduct
the evaluation of the President and CEO and the Board and its committees. This committee met 5 times in the 2009/10 fiscal year.
GOVERNANCE PRACTICES
The SIGA Board has formally adopted a governance model with generally-accepted governance practices, and a suite of corporate
governance policies. These policies ensure continuity of good governance practices and provide ongoing direction for the Board, its
committees, and management. To ensure that SIGA continues to exemplify high standards of corporate governance, it has been mandated
by the Board that the corporation’s governance practices be monitored annually and an audit of all governance practices be conducted
every three years with the most recent being completed in January 2009 by the audit firm of Prosser and Associates.
According to the audit firm Prosser and Associates, SIGA’s current governance practices are consistent with the guidelines advocated
in the Ontario Securities Commission National Policy 58-201. SIGA’s current disclosure practices are consistent with the guidelines
set out in the Ontario Securities Commission National Policy 58-101.
The Board substantially complies with its corporate governance policies. Unlike a publicly held entity, SIGA is not required to comply
with these policies. The corporation, however, has adopted an approach of benchmarking itself to these standards.
SIGA’s alignment with the CSA Corporate Governance Guidelines is set out in the following scorecard: