2019 Annual Report
Reports and commitees

Management’s Report

The summary consolidated financial statements of LS Mutual Management (herein “Mutual” or “Company” ) contained in this annual report are the responsibility of management and have been approved by the Board of Directors. They have been derived from the consolidated financial statements of Mutual and should be interpreted together with them, including the additional notes.

To assist management in its duties, the Company maintains an internal auditing system to provide reasonable assurance that assets are safeguarded, that only valid and authorized transactions are carried out, and that the financial information is accurate, complete and provided in a timely manner.

The Board of Directors fulfils its responsibilities with regard to Mutual’s financial reporting primarily through its Audit and Risk Management Committee, which is composed entirely of independent directors and which meets periodically with management and the independent auditor and/or the appointed actuary. The latter may, at their discretion, meet with the Audit and Risk Management Committee, in the presence or absence of management, to discuss matters pertaining to auditing and financial reporting.

On behalf of management,

Signed by Stéphane Rochon Stéphane Rochon President and Chief Executive Officer
Signed by Marc Peliel Marc Peliel Vice-President, Finance
Saint-Hyacinthe, February 25, 2020