Governance

Board Committees

The Board of Directors of Touchstone (the “Board”) has established an Audit Committee, a Compensation and Governance Committee, and a Health, Safety, Environment and Reserves Committee to assist in the discharge of its duties. All of the committees are comprised of unrelated directors and report to the Board of Directors of Touchstone.

 

Audit Committee

Members: Stanley T. Smith (Chairman), Kenneth R. McKinnon and Peter Nicol, all of whom are considered independent and financially literate directors.

The Audit Committee assists the Board in fulfilling its oversight responsibilities by ensuring the integrity and completeness of the financial reports and other financial information provided to shareholders and regulatory bodies, reviewing Touchstone’s systems of internal controls regarding preparation of those financial statements and related disclosures that management and the Board have established, ensuring compliance with accounting and finance based legal and regulatory requirements, ensuring the independence of the external auditor, reviewing  Touchstone’s accounting and financial reporting systems and procedures, and recommending, for Board approval, the annual and quarterly financial statements and other mandatory releases containing financial information.

View the Mandate of the Audit Committee.

 

Compensation and Governance Committee

Members: Kenneth R. McKinnon (Chairman), Stanley T. Smith, and Dr. Harrie Vredenburg, all of whom are independent directors.

The Compensation and Governance Committee is responsible for assisting the Board in fulfilling its oversight responsibilities by reviewing and evaluating matters relating to overall human resource policies and procedures, compensation of the directors, officers and employees of Touchstone in the context of the budget and business plan of the Company, and developing and reviewing Touchstone’s approach to corporate governance matters.

View the Mandate of the Compensation and Governance Committee.

 

Health, Safety, Environment and Reserves Committee

Members: Peter Nicol (Chairman), Dr. Harrie Vredenburg and John D. Wright.

The Health, Safety, Environment and Reserves Committee assists the Board in fulfilling its oversight responsibilities with respect to health, safety, environment and sustainability, assessment and reporting of reserves and resources, and evaluations of acquisitions and material transactions.

View the Mandate of the Health, Safety, Environment and Reserves Committee.