Company: IMO
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000049938-25-000015
Chunk: 151

Company: IMPERIAL OIL LTD
Filing Date: 2025-02-19
Form: 10-K
Item: Item 16
Chunk 151
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.R. Driscoll (c) üüChairüüü J.N. Floren  üüüChairüü G.J. Goldberg üüüüChairü N.A. Hansen (a) ü—üüü M.C. Hubbs (c) üChairüüüü

(a)Not independent directors. Mr. Corson is a current director and has chosen not to stand for re-election.

(b)All members of the audit committee are independent and financially literate within the meaning of National Instrument 52-110 Audit Committees and the listing standards of the NYSE American LLC. 

(c)Audit committee financial experts under U.S. regulatory requirements. 

In addition to its standing committees, the board may establish ad hoc committees or special committees from time to time. One special committee, chaired by D.W. Cornhill and consisting of the five independent directors, was established in September, 2022 and remained active for the purposes of considering certain matters until it was dissolved in February, 2024. 

123

Number of meetings

 The board meets at least seven times each year to ensure regular oversight and timely decision-making.

The chart below shows the number of board and standing committee meetings held in 2024. This includes seven regular meetings and one additional special meeting of the board.

Meetings of the board and standing committees in 2024:

124

Attendance of our board members in 2024

100% board and standing committee meeting attendance from all members.

The following chart provides a summary of the attendance record of each of the directors and nominees in 2024. The attendance record of each director nominee is also set out in their biographical information within the nominee section. The attendance chart also provides an overall view of the attendance per standing committee. Senior management directors and other members of management periodically attend standing committee meetings at the request of the committee chair. 

Director BoardAuditcommittee Executiveresourcescommittee Safety and sustainability committeeNominationsandcorporategovernancecommitteeFinance committee AnnualmeetingTotalPercentageby director  D.W. Cornhill8 of 86 of 67 of 74 of 46 of 66 of 6(chair)1 of 138 of 38100% B.W. Corson8 of 8(chair)—————1 of 19 of 9100% M.R.  Crocker (a) 3 of 3—3 of 3 2 of 23 of