Investor Presentaiton
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periodically review and approve the mandate, reporting relationships and resources of the internal
audit group;
review the objectivity, qualifications, adequacy and experience of the internal audit staff and
approve the appointment, dismissal or replacement of the head of the internal audit department;
review and approve annually the planned scope for the internal audit program, its objectives, and
the resources required to attain these objectives;
periodically throughout each year review the reports of the internal audit department which
describe the activities of the internal audit department for the preceding period; and
review the working relationship between the internal audit department and the external auditor,
and between the internal audit department and management.
Obtain from both the internal audit department and the Corporation's external auditor the major audit
findings and internal control recommendations reported during the period under review, the response of
management to those recommendations, and review the follow-up performed by management and the
internal audit department in order to monitor whether management has implemented an effective system of
internal accounting control.
Review significant emerging accounting and reporting issues, including recent professional and regulatory
pronouncements, and assess their impact on the Corporation's financial statements.
Review policies and procedures for the receipt, retention and treatment of complaints received by the
Corporation from employees, shareholders and other stakeholders regarding accounting issues and financial
reporting, internal controls and internal or external auditing matters. The Audit Committee should be
satisfied that sufficient controls are in place to ensure that all such complaints can be received anonymously
and with an appropriate degree of confidentiality and that potential employee informants are aware of the
process that is in place. The Audit Committee should also be satisfied that processes are in place to ensure
that all such complaints, regardless of significance, are presented to the Audit Committee.
Review policies for approval of senior management expenses.
Review the process relative to the periodic certifications by the Chief Executive Officer and the Chief
Financial Officer of the Corporation in respect of financial disclosures, the existence of any significant
deficiencies in the design or operation of internal controls which could adversely affect the Corporation's
ability to record, process, summarize and report financial data and any significant changes in internal
controls or changes to the environment in which the internal controls operate, including corrections of
material deficiencies and weaknesses.
Review with management the Corporation's computer systems, including procedures to keep the systems
secure and contingency plans developed to deal with possible computer failures.
Review and approve all related party transactions as such term is defined from time to time in Policy
Statement Q-27 of the Quebec Securities Commission and Rule 61-501 issued by the Ontario Securities
Commission, as may be amended from time to time.
Review risk management systems and controls, especially in relation to derivatives, foreign currency
exposure, hedging and insurance.
Whenever it may be appropriate to do so, retain and receive advice from experts, including independent
legal counsel and independent public accountants, and conduct or authorize the conduct of investigations
into any matters within the scope of the responsibility of the Audit Committee as the Audit Committee mayView entire presentation