Page 73 - 2009_2010_Annual_Report

Basic HTML Version

71
SIGA’s Governance Practices
Does SIGA Align?
NI 58-101F1, sections 7(d)
(d) If a compensation consultant has
been retained, at any time during the
corporation’s most recently completed
fiscal year, to assist in determining
compensation for any of the corporation’s
Directors and officers, disclose the identity
of the consultant and briefly summarize
their mandate. If retained to perform any
other work, state that fact and briefly
describe the nature of the work.
In 2009/10, the Board contracted the internal auditors, Price Waterhouse
Coopers to complete a review of the Board’s current remuneration utilizing
industry standards in Saskatchewan and Western Canada.
Yes
OTHER BOARD COMMITTEES
NI 58-101F1, section 8
8
If the Board has standing committees of
the Board, other than audit, compensation
and nominating committees, identify the
committees and describe their function.
The SIGA Board has appointed the following standing committees to conduct the
business of the corporation: Ethics Advisory, Governance, and Human Resources
and Compensation. All committees have comprehensive mandates that meet the
policy requirements. The Governance and HR & Compensation Committee core
representatives are identified in previous sections.
Ethics Advisory Committee
The Board has approved a mandate for the Ethics Advisory Committee with core
responsibilities for:
Monitoring 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.
Annually receive and consider Directors and senior managers Conflict of
Interest Declaration forms. When necessary, make recommendations to the
Board regarding actual, potential and perceived conflicts of interest. None
were noted in 2009/10.
When necessary, engage the internal auditor to undertake investigations into
allegations of wrongdoing. Make appropriate recommendations to the Board
and/or President and CEO.
Yes