The Board of Directors fulfills many of its responsibilities with the support of four committees.
The Four Board Committees
The Board of Directors fulfills many of its responsibilities with the support of four committees: Audit Committee, Corporate Governance & Social Responsibility Committee, Nominating Committee and Human Resources Committee. Every member of the Audit Committee, the Human Resources Committee and the Nominating Committee is independent according to the standards of corporate and securities laws as well as Empire’s own governance policies. All members of the Audit Committee meet the independence and financial literacy tests set out in Multilateral Instrument 52-110 adopted by most of the Canadian securities regulators.
SELECT COMMITTEES
- Audit Committee
- HR Committee
- Corporate Governance & Social Responsibility Committee
- Nominating Committee
The Audit Committee
This committee holds the roles and responsibilities of:
- Reviewing and assessing Empire’s financial reporting practices and procedures;
- Reviewing the adequacy and reporting of internal accounting controls;
- Reviewing the independence of the external auditor from management;
- Recommending the appointment of the external auditor;
- Communicating directly with the external auditor;
- Directly overseeing the work of the external auditor;
- Reviewing and assessing risk management, and
- Reviewing consolidated quarterly and annual financial statements and related communications prior to public disclosure.
To read more about each Board member of this committee, select their profile to expand their description.
Read More
Further information regarding Empire’s Board of Directors can be found through the links below.
