Company: IMO
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000049938-25-000015
Chunk: 219

Company: IMPERIAL OIL LTD
Filing Date: 2025-02-19
Form: 10-K
Item: Item 16
Chunk 219
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 ensure the security and integrity of the corporation’s electronic information, systems and assets; 

(g)consider management's recommendations regarding major corporation decisions and actions, which have significant societal implications;

(h)provide oversight regarding compliance with major corporate policies; 

(i)charge the chief executive officer of the corporation with the general management and direction of the business and affairs of the corporation; 

(j)monitor and assess the performance of the chief executive officer; 

(k)satisfy itself as to the integrity of the chief executive officer and other executive officers and ensure that the chief executive officer and the other executive officers create a culture of integrity throughout the company; 

(l)annually review and approve the corporation's code of ethics and business conduct; 

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(m)provide oversight regarding compliance with the code of ethics and business conduct, provided that any waivers from the code that are granted for the benefit of the issuer's directors or executive officers should be granted by the board only;

(n)determine appropriate measures are in place for receiving feedback from stakeholders;

(o)annually determine the recommended candidates to stand for election as directors of the corporation, and to make appointments of directors to the board to fill open seats between annual meetings, including vacancies created by an increase in the authorized number of directors;    

(p)annually review and approve the remuneration of independent directors;

(q)by appropriate charter resolutions, establish the audit, executive resources, nominations and corporate governance, safety and sustainability, and finance committees of the board with specific duties defined and the corporation provide each board committee with sufficient funds to discharge its responsibilities in accordance with its charter;

(r)determine membership of each committee, including its chair and vice-chair, after receiving the recommendation of the nominations and corporate governance committee;

(s)direct the distribution to the board by management of information that will enhance their familiarity with the corporation's activities and the environment in which it operates, as set out in section 5;

(t)review the corporation’s process in respect of employee conflicts of interest and directorships in non-affiliated commercial, financial and industrial organizations and the disclosures thereof;

(u)review the mandates of the board and of the committees and their effectiveness at least annually; and

(v)undertake such additional activities within the scope of its responsibilities as it may deem appropriate. 

4. Range of items to be considered by the board 

The following categories and specific items shall be referred to the board for information or decision on a regularly scheduled basis, to the extent appropriate: 

Organization/legal 

•fixing of the number