The Board enhances its efficiency and effectiveness through well-appointed and structured committees. Committee memberships are reviewed annually, taking into consideration the competencies and preferences of directors. Each committee is composed of four directors with the board chair as an ex officio member on each committee.

Each committee has a mandate outlining its purpose and responsibilities. Committees meet quarterly throughout the year, and provide meeting minutes and reports to the entire Board. Outside advisors may be independently engaged to assist as needed.

There are currently four Board committees:

Audit and Conduct Review Committee assists in the oversight of Conexus’ financial performance, the integrity of the financial reporting, the effectiveness of internal controls, and the performance of internal and external audit functions. It also is responsible for conduct review oversight and the approval of related party transactions.

Governance and Human Resources Committee assists the board in developing and maintaining effective corporate structures and processes to direct and oversee the organization and its subsidiaries. It is also responsible for facilitating the process to develop performance objectives for the CEO, evaluating performance, and recommending the CEO’s compensation.

Nominations Committee leads the board renewal process, based on the direction, and thought leadership from the Governance and Human Resources Committee, as approved by the board. This includes overseeing the annual nomination, recommending candidates and director election process, proactively searching for nominees, and leading the review and interviewing of qualified candidates process.

Risk Committee assists the Board in its oversight of Conexus’ risk management framework and provides reasonable assurance that strategic, operational, financial, and regulatory objectives are achieved in the creation and protection of member value.

Learn more about the Board’s roles and responsibilities here.