We believe in having diversity on the Board, and in business in general, and will continue to strive in that direction. Diversity is important to ensure that the profiles of Board members and senior management provide the necessary range of perspectives, experience and expertise required to achieve effective stewardship and management of our business.
We are committed to increasing diversity on the Board, within senior management, and in our overall business. As part of this commitment, we recognize the important role of women in contributing to diversity of perspective in the Boardroom and senior management roles.
Our approach to diversity is articulated through our Code of Business Conduct and Ethics and our Board and Senior Management Diversity Policy.
The Board’s Governance and Nominating Committee is responsible for recommending to the Board candidates for Director nominations, and the Chief Executive Officer of the Corporation is responsible for making senior management appointment decisions. As part of these responsibilities, we are committed to ensuring that the nomination and selection of candidates for Director and senior management roles is based on merit and in consideration of our diversity commitments.
As part of our nomination and selection process, we:
Consider candidates for both Director and senior management roles that are highly qualified based on their experience, education, expertise, judgment, personal qualities, and general and sector specific knowledge;
Consider diversity criteria, among other relevant criteria, when determining the optimum composition and balance for the Board;
Review potential candidates for both Director and senior management roles from a variety of backgrounds and perspectives, having in mind the Corporation’s diversity objectives; and
In order to support the specific objective of gender diversity, ensure that appropriate efforts are made to include women in the list of candidates being considered for a Board position.
Monitoring and Review
On an annual basis, the Governance and Nominating Committee of the Board, and the Chief Executive Officer of the Corporation, assess the effectiveness of the Director and senior management nomination and selection process, respectively, at achieving the Corporation’s diversity objectives.