The Board of Directors approves the mandate of the Chief Executive Officer and annual corporate objectives consistent with the recommendations of the CSA.

The permitted business activities of the corporation are outlined in its shareholder agreement. The mandate of the Chief Executive Officer and annual corporate objectives are consistent with the shareholder agreement. The authority limits of the Chief Executive Officer, as delegated by the Board, have been formally documented and executed by the Board.

In addition, the Board of Directors annually reviews the Chief Executive Officer’s objectives, evaluates the Chief Executive Officer’s performance, makes recommendations on the appointment of executive management and monitors the succession planning process.