Human Resources and Compensation Committee
The primary purpose of the Human Resources and Compensation Committee is as follows:
- to assist the Board of Directors in the discharge of its oversight responsibilities in the field of human resources and compensation including: (i) the Corporation’s compensation philosophy and policies, and major compensation programs; (ii) the compensation for the Chief Executive Officer (the “CEO”) and members of executive management; (iii) succession plans for executive officers and key senior leadership roles; (iv) key talent management strategies and practices; and (v) workplace practices and labour relations.
- to assist the Board in the discharge of its responsibilities for the monitoring and oversight of the Corporation's retirement plans to ensure pension liabilities are appropriately funded as required, pension assets are prudently invested, the risk is managed at an acceptable level for the stakeholders, including financial risks defined by the statement of investment principles and beliefs, and retirement benefits are administered in a proper and effective manner.
- to assist the Board in the discharge of its oversight responsibilities for risks related to human resources including talent management, employee conduct, succession planning, compensation and pension matters.