Toromont Industries Ltd. TIH : $110.15 -0.02% 11/24/2021 10:20 AM ET Home Customers Contact Open Search About Investors Sustainability News & Events Home ›About›Governance›Committees Committees Committees of the Board Our three standing committees of the Board are integral to our corporate governance structure. Each standing committee is comprised solely of independent directors. Environmental, Social and Governance Committee This Committee is primarily responsible for reviewing and making recommendations on environmental, social and corporate governance matters. It is responsible for overseeing the assessment of environmental risks and opportunities and the development and execution of the company’s environmental strategies, overseeing the company’s social responsibility strategies and practices, and reviewing and assessing the size and composition of the Board, Board and individual director effectiveness, and director compensation. The Committee is also responsible for Board succession planning, including the identification, recruitment and proposal of nominees for membership to the Board, as well as orientation for new directors and continuing education for all directors. Review the Environmental, Social and Governance Committee’s Terms of Reference. Audit Committee This Committee’s principal duties include oversight responsibility for financial statements and related disclosures, reports to shareholders and other related communications, establishment of appropriate financial policies, the integrity of accounting systems and internal controls, legal compliance on ethics programs established by management, the approval of all audit and non-audit services provided by the independent auditors and consultation with the auditors independent of management and overseeing the work of the auditors and the Internal Audit department. Review the Audit Committee’s Terms of Reference. Human Resources and Health and Safety Committee This Committee is primarily responsible for our human resources matters including the short and long-term incentive plans, pension and other benefit plans and reviewing and making recommendations on the compensation of executive officers and other senior management. Review the Human Resources and Health and Safety Committee’s Terms of Reference. Toromont Industries Ltd. 3131 Highway 7 West, P.O. Box 5511, Concord, Ontario, L4K 1B7 Phone: (416) 667-5511, Fax: (416) 667-5555 info@toromont.com QUICK LINKS Home About Investors Sustainability News & Events Governance Strategy Annual General Meeting Financial Reports Stock Performance Want to do business with us? © 2021 Toromont Industries Ltd. Privacy Policy Legal Accessibility