Responsibilities

Under the Companies Act, the President and CEO is responsible for the day-to-day management of the Company in accordance with instructions and orders given by the Board. The President and CEO may undertake actions which, considering the scope and nature of the Company's operations, are unusual or extensive, only with the authorization of the Board. The President and CEO shall ensure that the Company’s accounting practices comply with the law and that its financial affairs have been arranged in a reliable manner. The President and CEO is also responsible for preparing matters presented to the Board and for the Company’s strategic planning, finance, financial planning, reporting, and risk management.