Corporate Governance

At Acadian Timber Corp., we continually strive to ensure that we have sound corporate governance practices to maintain investor confidence in the way in which we do business.

To ensure we communicate our practices and our commitment to strong corporate governance, we are proud to provide you with information on our Committees, our Practices, our Board of Directors and other related information.


Audit Committee Responsibilities

The Audit Committee is responsible for:

  • monitoring the Corporation systems and procedures for financial reporting, risk management and internal controls;
  • reviewing all public disclosure documents and monitoring the performance of the Corporation's external and internal auditors;
  • reviewing the Corporation's quarterly and annual financial statements and management's financial analysis and review of operations prior to approval by the full board of directors and release to the public;
  • appointing the Corporation's external auditors, subject to shareholder approval; and
  • approving the assignment of any permitted non-audit work to be performed by the external auditors.

Compensation, Nominating and Corporate Governance Committee

The Compensation, Nominating and Corporate Governance Committee is responsible for:

  • reviewing and making recommendations concerning the appointment of officers;
  • making recommendations concerning the remuneration of Directors;
  • administering and making recommendations regarding the operation of any long-term incentive plan and any other employee incentive plans. In reviewing the adequacy and form of compensation and benefits, the committee seeks to ensure that the compensation and benefits reflect the responsibilities and risks involved in being a Director of the Corporation and align the interests of the Directors with the best interests of the shareholders;
  • reviewing the performance of the Manager and dealing with any contractual issues;
  • developing the Corporation’s approach to governance issues, filling vacancies among the Directors;
  • periodically reviewing the effectiveness of the Directors and the contribution of individual Director, including an annual evaluation of the effectiveness of the board as a whole, the committees of the board and the contributions of individual director;
  • adopting and periodically reviewing and updating the Corporation’s written disclosure policy;
  • considering other matters as directed by the board.
Corporate Governance | Acadian Timber Corp.
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