Investor Presentaiton
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Young Inc. (Canada) and a former Executive Partner of Ernst & Young LLP. Mr. Richardson joined
its predecessor Clarkson, Gordon & Co. in 1963 and was appointed President of The Clarkson
Company Limited in 1982. Mr. Richardson was also a member of the Management and Executive
Committees of Ernst & Young LLP, national managing partner of the firm's Corporate Finance
practice and the senior partner in the Corporate Recovery and Restructuring practice until his
retirement from the partnership in 2002. Mr. Richardson holds a Bachelor of Commerce Degree from
the University of Toronto and is a member and a Fellow of the Institute of Chartered Accountants of
Ontario.
John T. McLennan is a corporate director. Mr. McLennan is a director of ACE, Amdocs Ltd.,
Emera, Manitoba Telephone Systems (Vice-Chairman), Medisys Health Services and Jazz Air
Holding GP Inc. Mr. McLennan is also a trustee of Aeroplan Income Fund. Mr. McLennan was
recently Vice-Chairman and Chief Executive Officer of Allstream. Prior to that position, he served
as AT&T Canada's Vice Chairman and Chief Executive Officer. He was also the founding President
of Jenmark Consulting Inc., President and Chief Executive Officer of Bell Canada, President of Bell
Ontario as well as Chairman, President and Chief Executive Officer of BCE Mobile
Communications Inc. Mr. McLennan has also served as President and Chief Executive Officer of
Cantel Wireless and Executive Vice President of Mitel Communications Inc. Mr. McLennan holds a
BSc and a MSc in Industrial Management from Clarkson University.
Richard H. McCoy is a corporate director. Mr. McCoy is a director of ACE, Rothmans Inc.,
Aberdeen Asia-Pacific Income Fund Ltd., MDS Inc., Uranium Participation Corporation, Pizza
Pizza Royalty Income Fund and Gerdau Ameristeel Inc. He is also a trustee of Jazz Air Income
Fund. Mr. McCoy has over 35 years experience in the investment industry. From May 1997 to
October 31, 2003, Mr. McCoy was Vice-Chairman, Investment Banking at TD Securities. Prior to
joining TD Securities in 1997, Mr. McCoy was deputy Chairman of CIBC Wood Gundy Securities.
Mr. McCoy holds an MBA from the Richard Ivey School of Business Administration, University of
Western Ontario.
Arthur T. Porter has been the Director General and Chief Executive Officer of the McGill University
Health Center since January 2004. Dr. Porter is also a Professor of Oncology at McGill University
and was the President and Chief Executive Officer of the Detroit Medical Center from 1999 to 2003.
Dr. Porter has extensive clinical, research and administrative experience in a university teaching
hospital environment. Dr. Porter has also acted as consultant for several major companies in the
airline and energy sectors with respect to healthcare and logistical challenges. Dr. Porter is a director
of Adherex, a publicly traded biotechnology company and a director and member of the audit
committee of the Munder Funds. Dr. Porter holds a Medical Degree from the Cambridge School of
Clinical Medicine, a Master of Business Administration from the University of Tennessee and
Certificates in Medical Management from Harvard University and the University of Toronto.
Pre-approval Policies and Procedures
The Audit Committee reviews and approves the nature of all non-audit services, as permitted by securities
legislation and regulations, to be provided by the Corporations' external auditor prior to the commencement of such
work. In this regard, the Audit Committee will prepare a report for presentation to the shareholders of the
Corporation quarterly or annually, as required, regarding the Audit Committee's approval of such non-audit services
in the period.
The Audit Committee will also require and review a report from the external auditor of all relationships between
the external auditor and its related entities and the Corporation and its related entities, including all work performed
and fees paid for such work of a non-audit nature, that in the external auditor's professional judgment may
reasonably be perceived to bear on its objectivity and independence and confirming that in the external auditor's
professional judgment it is independent of the Corporation and discuss this report with the external auditor in order
to evaluate the objectivity and independence of the external auditor. The Audit Committee will also review steps
taken by the external auditor to address any findings in any of the foregoing reviews.View entire presentation