Audit & Risk Committee

The Audit & Risk Committee is a Board committee established pursuant to Section 2.11 of By-Law No. 1. The purpose of the Audit & Risk Committee is to assist the Board in meeting its fiduciary and governance responsibilities with respect to financial oversight and risk management.

Chair and Membership

The Audit Committee consists of a Chair appointed by the Board of Directors and at least two Directors who have some knowledge or expertise in financial administration. The Chair may recommend the appointment of non-Directors to the committee.


Ashwani Bhardwaj
Frank Dattilo
Tony Ma
TBD, Non-Director/Registrant
Jody Lavoie, Ex-officio

Staff Participation:
Michael Beard, CEO
Logan Atkinson, General Counsel & Corporate Secretary
Mike Prime, Vice President, Corporate Services (interim)
Gloria Fougere, Director, Finance and Accounting
Tim Bates, Manager, Accounting
Andria Cordovez Mulet, Manager, Board Operations

Duties, Functions or Responsibilities

    • To liaise with the auditor prior to the audit
    • To review the auditor’s management letter and audit report
    • To meet with the auditor at the conclusion of the audit to review the management letter, audit report and the financial statements
    • To make recommendations to the Board of Directors related to the acceptance of the auditor’s report and the financial statements
    • In consultation with staff, to evaluate the performance of the auditors
    • To recommend the appointment of the auditors to the Board of Directors
    • Periodically, to coordinate the tendering of the audit and recommend the selection of the auditor to the Board of Directors
    • To monitor, review and make recommendations to the Board of Directors related to risk management and risk policies and practices

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