- Composition of the Board
In accordance with TSX requirements, the company requires at least two independent directors. Exchanges provide a detailed tutorial on this subject in the Code of Corporate Governance, a company that encourages the creation of the board of directors. The guidelines indicate that the majority of the board should be independent. In addition, all directors have considerable experience in public companies as well as expertise in specific sectors where the company operates in accordance with TSX listing requirements.
- Chairman of the Board
Chairman of the Board are independent directors, in accordance with the guidelines of the TSX corporate governance. In situations where it is not feasible, TSX Independent Director is appointed as "chief executive" who can act as an effective leader board to ensure that the Board has completed its task.
- Meetings of Independent Directors
Independent directors on the board holds regular meetings at which non-independent directors and board members not present, in accordance with corporate governance guidelines for TSX-listed companies.
- Appointment of Directors
The independent director should be responsible for appointments to the Board, as directed by the TSX corporate governance. The guidelines state that the Board has appointed a nominating committee of independent directors are truly together. Nominating Committee is responsible for identifying eligible to become a new member of the Board and recommends candidates for the board.
- Compensation
Independent directors on the board is also responsible for reviewing executive compensation practices in the company, according to the Toronto Stock Exchange. His principle states that the council must appoint a compensation committee comprised solely of independent directors. This committee is responsible for determining the remuneration of Chief Executive Officer on the assessment of the agency, and make recommendations to the Board on matters other than executive compensation.