2019 Annual Report
Reports and committees

Human Resources Committee

Composition

The Committee is composed of at least three directors, including the chair of the Board of Directors who chairs the Committee.

Members

Jacques Martineau, Chair
René Delsanne
Muriel McGrath

Mandate

The Human Resources Committee is mandated to evaluate the performance of the President and Chief Executive Officer annually and make recommendations concerning his compensation to the Board of Directors.

Moreover, it receives, reviews and approves the recommendations of the President and Chief Executive Officer concerning the overall compensation of the vice-presidents.

It also updates the Company’s management succession plan and reviews the major human resources issues facing the Company.

Activity Report

In accordance with its mandate, the Committee conducted an evaluation of the President and Chief Executive Officer and reported its findings to the Board of Directors. Furthermore, it made recommendations to the Board on the President's compensation for the year 2020 and the related performance objectives.

The Committee also ratified the President and Chief Executive Officer’s recommendations concerning the compensation of the Vice-Presidents for the year 2020 and the related performance objectives, reviewed the Company’s results and assessed the degree of achievement of the objectives set for the year. In addition, the Committee reviewed and considered the incentive plans and the value of pension benefits for executives.

As part of its work program, the Committee meets annually in camera with human resources management to discuss any human resources management issues that may arise. Lastly, the Committee members conducted its annual review of the Company’s management succession plan and held discussions on it with the Board of Directors.

Signed by Jacques Martineau Jacques Martineau Chair