Investor Presentaiton
(b)
Public Disclosure
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The Audit Committee shall:
(c)
(i)
(ii)
Review and approve the Corporation's Public Disclosure Policy and any changes related thereto
and ensure consistency with current developments and best practices;
Where practicable, management will review with the Audit Committee or the Chairman of the
Audit Committee draft news releases to be disseminated to the public related to earnings warnings
or financial results forecasting by the Corporation which are expected by management to be
material in relation to the market price of any of the Corporation's securities.
Risk Identification and Management
The Audit Committee shall make all reasonable efforts to identify and address material financial and other risks to
the business and affairs of the Corporation and its subsidiaries and make recommendations in that regard to the
Board of Directors of the Corporation. The Audit Committee shall review and discuss with management, the internal
audit department and the external auditor all major financial risk exposures and the steps management has taken to
monitor/control those exposures. The Audit Committee shall be entitled, from time to time, to retain experts and
consultants to assist the Audit Committee with the discharge of such mandate. The Audit Committee shall have the
discretion in the discharge of these duties to address risks to the Corporation's and its subsidiaries' revenues and
costs, as well as potentially corrupt or other practices that may lead to loss or depreciation of business reputation.
(d)
Contingent Liabilities
The Audit Committee shall establish processes and procedures to identify and monitor contingent liabilities of the
Corporation and its subsidiaries. In the discharge of these duties, the Audit Committee shall have the discretion to
retain experts and consultants and to review, without limitation, workplace safety, environmental issues and any
other matters, whether of a financial nature or otherwise, that can give rise to a contingent liability. The Audit
Committee shall make recommendations, from time to time, to the Board of Directors of the Corporation on these
matters.
(e)
Corporate Authorizations Policies
The Audit Committee shall:
(f)
(i)
(ii)
(iii)
(iv)
Periodically review and approve policies relative to the financial control, conduct, regulation and
administration of subsidiary companies;
Periodically review any administrative resolutions adopted from time to time pursuant to the
Corporation's By-laws pertaining to the establishment of procedures relative to commitment and
transaction authorizations, the determination of the officers or other persons by whom any
instrument in writing or document is to be executed and the manner of execution thereof;
Review, monitor and approve the Corporate Donations Policy and any changes thereto and the
annual Corporate Donations Budget; and
Review, monitor and approve any other financial expenditure policies that would affect the
Corporation's and its subsidiaries' financial condition or reputation.
Performance to Budget
The Audit Committee shall review actual financial performance compared to budget.View entire presentation