At Goldcorp, we strive to earn the confidence and trust of all our stakeholders by maintaining the highest standards of integrity, responsibility and transparency, and consistently meeting or exceeding industry standards for corporate governance and ethics.
This is a brief summary of the responsibilities of the Goldcorp Board of Directors and its committees. Complete information is available at www.goldcorp.com/About-Us/Governance
Board Responsibilities and Duties
Directly and through its committees, the Board of Directors supervises the management of Goldcorp's business and affairs. The Board delegates the day-to-day authority and responsibility for Goldcorp's operations to management and develops and approves major policy decisions. The Board also reviews management performance and effectiveness, and oversees the enterprise risk management process. The Board's expectations are communicated to management directly and through Board committees.
Ethics from the Ground Up
Goldcorp's commitment to high standards of business practice is laid out in its Code of Conduct document, Ethics from the Ground Up. The Code establishes and mandates standards for personal and business ethics, anti-harassment, workplace diversity and workplace health and safety. Directors, officers and employees are subject to the Code, as are all consultants, contractors and subcontractors at all company operations. To encourage reporting of any violations of the Code, Goldcorp maintains an anonymous and confidential email address, as well as toll-free hotlines in each operational region, which any employee or contractor can use without fear of repercussions.
Each of the Board's committees is composed of four independent members.
- The Audit Committee oversees the Company's financial reporting and internal controls over financial reporting, disclosure, internal audits and its compliance with legal and regulatory requirements.
- The Governance and Nominating Committee is responsible for nominating new directors to the Board, and for developing and maintaining governance practices that ensure high standards of corporate governance.
- The Sustainability, Environment, Health and Safety Committee reviews and monitors the Company's sustainable development, environmental, and workplace health and safety policies and activities, and may investigate any activity that relates to these issues.
- The Compensation Committee assists the Board with the human resources and compensation issues related to establishing and ensuring the continuity of the Company's executive officers and senior management. They review and establish executive compensation policies and guidelines which are designed to align compensation with the Company's sustainable profitability and growth.
Areas of expertise: Mineral Exploration; Mergers & Acquisitions
Areas of expertise: Environment, Safety and Sustainability; Social, Economic and Foreign Policy
Areas of expertise: Financing; Mergers & Acquisitions
Areas of expertise: Accounting; Consulting and Private Equity
Areas of expertise: Mergers & Acquisitions; Finance
Areas of expertise: Mergers & Acquisitions; Mining Exploration Law
Areas of expertise: Accounting; Finance
Areas of expertise: Financing; Governance; Mergers & Acquisitions
Areas of expertise: Mining, Metallurgy and Exploration; Governance
Areas of expertise: Accounting; Energy; Environment, Safety and Sustainability