WEST FRASER TIMBER CO. LTD.
CORPORATE GOVERNANCE POLICY
Table of Contents:
CORPORATE GOVERNANCE POLICY:
· OBJECTIVE AND SCOPE
· MANDATE OF THE BOARD OF DIRECTORS
· COMPOSITION AND SIZE OF THE BOARD OF DIRECTORS
· COMMITTEES OF THE BOARD OF DIRECTORS
· DECISIONS REQUIRING PRIOR APPROVAL BY THE BOARD OF DIRECTORS
· NEW DIRECTORS
· SHAREHOLDER FEEDBACK AND CONCERNS
· EXPECTATIONS OF MANAGEMENT
CORPORATE DISCLOSURE POLICY (APPENDIX A)
SECURITIES TRADING POLICY (APPENDIX B)
CODE OF CONDUCT
CHARTERS OF BOARD COMMITTEES:
· AUDIT
· GOVERNANCE & NOMINATING
· SAFETY & ENVIRONMENT
POSITION DESCRIPTIONS:
· BOARD CHAIR
· LEAD DIRECTOR
· CHIEF EXECUTIVE OFFICER
EXPECTATIONS OF MANAGEMENT
The board of directors must determine its expectations of senior management and ensure that senior management understands these expectations. The board must approve the corporate objectives which the Chief Executive Officer is responsible for meeting and assess the Chief Executive Officer against these objectives.
As part of the ongoing process of monitoring the performance of management, the board must receive operational updates on each business unit of the Company at each board meeting. These updates will compare actual performance to the Company’s annual forecast and include discussion of all significant variances from the forecast.
Home > Investor Relations
|
