Committees

Audit Committee

The Audit Committee is a committee of the Board of Directors to which the Board has delegated its responsibilities for the oversight of the nature and scope of the annual audit, the oversight of management's reporting on internal accounting standards and practices, the review of financial information, accounting systems and procedures, financial reporting and financial statements and has charged the Committee with the responsibility of recommending, for approval of the Board, the audited financial statements, interim financial statements and other mandatory disclosure releases containing financial information.

The primary objectives of the Committee are as follows:

  1. To assist directors in meeting their responsibilities (especially for accountability) in respect of the preparation and disclosure of financial statements of CWC and related matters;
  2. To provide better communication between directors and external auditors;
  3. To enhance the external auditor's independence;
  4. To increase the credibility and objectivity of financial reports; and
  5. To strengthen the role of the outside directors by facilitating in-depth discussions between directors on the Committee, management and external auditors.


The Committee is comprised of three financially literate directors of which the majority are independent.

Audit Committee Members

  • Gary Bentham - Chairman
  • Wade McGowan
  • Duncan Au

 

For full details please see the attached Audit Committee Mandate:

Audit Commitee Mandate


Compensation and Corporate Governance Committee

The purpose of the Compensation and Corporate Governance Committee is to assist the Board of Directors in fulfilling its responsibility by reviewing matters relating to the human resources policies and compensation of the directors, officers and employees of CWC in the context of the budget and business plan of CWC.  The Committee is also delegated with the responsibility for developing the approach of CWC to matters concerning corporate governance and, from time to time, shall review and make recommendations to the Board as to such matters.

The Committee is comprised of three directors of which the majority are independent.

Compensation and Corporate Governance Committee Members

  • Wade McGowan - Chairman
  • Gary Bentham
  • Dean Schultz

 

For full details please see the attached Compensation & Corporate Governance Committee Mandate:

Compensation & Corporate Governance Committee Mandate


Quality, Health, Safety and Environment Committee ("QHSE Committee")

The purpose of the QHSE Committee is to assist the Board of Directors in fulfilling its responsibility by reviewing matters relating to quality, health, safety and environment with respect to its business activities including its procedures for complying with applicable laws and regulations. The Committee is primarily responsible for:

  1. reviewing CWC's procedures for providing information to any independent evaluator or consultant relating to CWC's policies and procedures with respect to quality, health, safety and environmental matters;
  2. reviewing the appointment of an independent quality, health, safety or environmental evaluator or consultant;
  3. reviewing CWC's procedures for reporting information associated with quality, health, safety and environmental matters;
  4. reviewing CWC's fundamental policies pertaining to quality, health, safety and environment and ascertain that policies and procedures are in place to minimize occupational health and safety, environmental and other risks to asset or business value and mitigate damage to or deterioration of asset or business value;
  5. reviewing CWC's performance with all applicable laws and regulations with respect to quality, health, safety and environment;
  6. reviewing the findings of any significant report by regulatory agencies, external quality, health, safety and environmental consultants or auditors concerning the CWC's performance in quality, health, safety and environment and review any necessary corrective measures taken to address issues and risks identified by CWC, external auditors or by regulatory agencies;
  7. reviewing any emerging trends, issues and regulations related to quality, health, safety and environment that are relevant to CWC;
  8. reviewing emergency response planning procedures for CWC's quality, health, safety and environmental matters; and
  9. review with management, the external auditors and legal counsel, any civil or criminal quality, health, safety or environmental proceedings, claims or other contingency that could have a material effect on the financial position or operating results of CWC and report the results of such review to the Board.


The Committee is comprised of two directors and two consultants of which two members of the Committee are independent.

 Quality, Health, Safety and Environment Committee Members

  • Dean Schultz - Chairman
  • Wade McGowan
  • Deborah Close

 

For full details please see the attached Quality, Health, Safety and Environment Committee Mandate:

Quality, Health, Safety and Environment Committee Mandate