The fundamental responsibilities of the Board of Directors of the Corporation are to:
- In conjunction with the President and Chief Executive Officer, appoint and oversee a competent executive team to manage the business of the Corporation, with a view to maximizing shareholder value;
- Identify and understand the risks associated with the business of the Corporation;
- Conduct reviews and audits of financial statements, reserves, executive compensation, and health, safety, and environment procedures on a regularly scheduled basis; and
- Ensure corporate conduct in an ethical and legal manner via an appropriate system of corporate governance, disclosure processes and internal controls.