Governance

Corporate Governance

In accordance with corporate governance disclosure, Redishred has established corporate governance policies, practices and committees to ensure integrity of internal controls and accountability for financial and regulatory requirements. In addition to the Audit Committee and Audit Committee Charter, Redishred has established both a Corporate Governance Committee and Compensation Committee as part of its corporate accountability.

Redishred’s Corporate Governance Committee members are:

• Mark MacMillan
• Phillip H. Gaunce
• Robert G. Kay

Redishred’s Compensation Committee members are:

• Robert Richardson
• James C. Lawley
• Brad E. Foster

Audit Committee

The Audit Committee is ultimately responsible for the policies and practices relating to integrity of financial and regulatory reporting as well as internal controls to achieve the objectives of safeguarding of corporate assets; reliability of information; and compliance with policies and laws. The committee is also responsible for identifying principal risks of the business and ensuring appropriate risk management techniques are in place.

Within Redishred corporate governance guidelines the Audit Committee charges management with developing and implementing procedures to:

• Ensure internal controls are appropriately designed, implemented and monitored
• Ensure reporting and disclosure of required information is complete, accurate, and timely.

The Audit Committee makes recommendations to the Board of Directors regarding items relating to financial and regulatory reporting and the system of internal controls following the execution of the committee’s responsibilities as described in the mandate.

Redishred’s Audit Committee members are:

• Brad E. Foster
• Phillip H. Gaunce
• Robert M. Crozier