Corporate Governance

Pacific Wildcat has adopted a comprehensive system of control and accountability as the basis for administration of corporate governance. The Board is committed to administering the policies and procedures with openness and integrity, commensurate with the Company's needs.

Role of the Board

The Board is responsible to shareholders; its primary role is the protection and enhancement of long-term shareholder and stakeholder value.
To fulfil this role, the Board is responsible for the overall Corporate Governance of the company including its strategic direction, establishing goals for management and monitoring the achievement of these goals.

Board Processes

To assist in the execution of its responsibilities, the Board had established an audit committee. The Board conducts an annual review of its processes to ensure that it is able to carry out its functions in the most effective manner.

Composition of the Board

The names of the directors of the Company in office are listed under the Directors & Management section of this website.

The procedures for election and retirement of directors are governed by the Constitution of the Company.
The composition of the Board is determined using the following principles:

  • The Board shall comprise a mixture of executive and non-executive directors.
  • The Board shall comprise directors with a range of experience encompassing the current and proposed activities of the Company.
  • Where a vacancy is considered to exist, the Board selects an appropriate candidate through consultation and consideration of the needs of shareholders and the Company.

Audit Committee

The duties of the audit committee include:

  • To be the focal point of communications between the Board, Pacific Wildcat's management and the external auditors.
  • To recommend and supervise the engagement of the external auditors and to monitor auditor performance.
  • To monitor the internal controls within Pacific Wildcat compliance with applicable regulations such as those imposed by the British Columbia Securities Commission and the TSX Listing Rules and to review external audit reports and ensure prompt remedial action.
  • To review Pacific Wildcat's financial statements (including interim reports) and accounting procedures.

Director Dealings in Company Shares

The Constitution permits directors to acquire shares in the Company. Company policy prohibits directors from dealing in Company shares whilst in possession of price sensitive information and any dealings are governed by the Company’s Share Trading Policy.

Ethical Standards

The Board supports the highest standards of corporate governance and requires its members and the staff of the Company to act with integrity and objectivity in relation to:

  • Compliance with the law.
  • Record keeping.
  • Conflicts of interest.
  • Confidentiality.
  • Professional conduct.
  • Dealing with suppliers, advisers and regulators.
  • Dealing with the community and employees.

External Auditors

The auditors of the Company have open access to the Board of Directors at all times.
The Board ensures the establishment of an effective internal control framework to safeguard the Company's assets maintain proper accounting records and ensure the reliability of financial information compiled by the Company.

Environment

The Company aims to ensure a high standard of environmental care is achieved and that it complies with all relevant environmental legislation.