#Order of operations pemsa full
A full description of the responsibilities of Alamos’ Audit Committee is set forth in its Charter, a copy of which is available below.
#Order of operations pemsa code
In particular, the Committee oversees the Company’s practices with respect to preparation and disclosure of financial related information, including through its oversight responsibilities with respect to the following: integrity of the quarterly and annual financial statements and management’s discussion and analysis compliance with accounting and finance-related legal requirements the audit of the consolidated financial statements the review of the performance of, and recommendation of the nomination of, the independent auditors the accounting and financial reporting practices and procedures including disclosure controls and procedures the system of internal controls including internal controls over financial reporting implementation and effectiveness of the Code of Business Conduct and Ethics and management of financial business risks that could materially affect the financial profile of Alamos. The purpose of the Audit Committee is to assist the Board in fulfilling its oversight responsibilities with respect to the Company’s compliance with applicable audit, accounting and financial reporting requirements. Each Committee Charter includes a description of the role and responsibilities of the Chair of the Committee, which include presiding over Committee meetings, reporting to the Board with respect to the activities of the Committee, and providing leadership to the Committee and assisting it in reviewing and monitoring its responsibilities as set out in its Charter. The Chair of a committee is selected by the Board from among the members of the relevant committee (with the exception of the Audit Committee, which elects its own Chair annually). The mandates of the Committees ensure, collectively, that the Board fulfills its duties and responsibilities and that there is effective supervision and direction of management in the conduct of the affairs of the Company. Each Committee Charter is reviewed annually by the relevant committee and the Corporate Governance Committee.
The roles and responsibilities of each Committee are set out in its Board-approved written Charter. Committee members are appointed by, and comprised exclusively of, members of the Board and are currently all independent directors. There are currently five standing committees of the Board: the Corporate Governance and Nominating Committee, the Audit Committee, the Human Resources Committee, the Technical and Sustainability Committee and the Public Affairs Committee. We believe theįoregoing also achieves the Board’s objective of making the Board better. Weīelieve the ongoing process in which the Board is engaged will identify andįoster the development of suitable candidates for nominations or appointment,Īnd over time will achieve even greater gender diversity. Objective with three female directors out of a total of nine directors. The Board has set a gender diversity objective of no less thanģ3% of independent Directors being female. Its goal is to ensure that Alamos continues to operate as a successful business, and to optimize financial returns to increase the Company’s value over time while effectively managing any risks confronting the organization. The Board oversees the Company’s systems of corporate governance and financial reporting and controls to ensure that the Company reports adequate and fair financial information to shareholders and engages in ethical and legal corporate conduct. The Board discharges its responsibility for supervising the management of the business and affairs of the Company by delegating its day-to-day management to senior officers. In particular, directors are required to act honestly and in good faith, with a view to the best interests of the Company and to exercise the care, diligence and skill that a reasonably prudent person would exercise in comparable circumstances. Each Board member is required to exercise business judgment in a manner consistent with his or her fiduciary duties. The primary responsibility of the Board is to provide governance and stewardship to the Company.
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