Leadership and Governance

We advance trade between Canada and governments around the world to serve Canada’s economic interests and strengthen bilateral relationships.鈥�

成人头条鈥檚 mandate is defined in the聽 and we report to Parliament through the .

As a Crown corporation, and according to the聽, 成人头条 must submit an annual Corporate Plan to the Minister.聽聽成人头条鈥檚 Corporate Plan聽outlines objectives and performance measures for the fiscal year.聽成人头条鈥檚 work is further guided by the Minister鈥檚 direction through letters outlining.

成人头条 adheres to all guidelines and regulations concerning the management and governance of Crown corporations set by the Treasury Board of Canada Secretariat.聽 As such, each year we submit an聽Annual Report聽to demonstrate our performance against our Corporate Plan as well as to report on our operating budget.聽聽

Like all Crown corporations, 成人头条 is subject to annual audits (included as part of our Annual Plan) and聽special examinations聽by the Office of the Auditor General of Canada.

Board of directors

成人头条 is governed by a Board of Directors whose representatives come primarily from the private sector. The Board鈥檚 responsibility is to supervise the direction and management of 成人头条 and oversee its strategic direction as outlined in the Corporate Plan. Board members are appointed by the Government of Canada, and report to Parliament through the Minister of Export Promotion, International Trade and Economic Development.

Board committees

成人头条’s Board of Directors is led by an independent Chair and carries out its oversight mandate in conjunction with the following key committees.

Audit committee

Deals primarily with matters related to sound financial and risk management practices, audit functions, reporting accuracy, and ethical conduct of the Corporation. Its members are:

Guy Desrochers (Chair)
Christa Wessel
Douglas J. Harrison (ex officio)

Governance and human resources committee

Develops and implements practices and procedures to ensure that the Board of Directors and the Corporation operate effectively and in accordance with a high standard of corporate governance. Its members are:

Christa Wessel (Chair)
Mike Johnson
Mora Johnson
Douglas J. Harrison (ex officio)
Robert (Bobby) Kwon (ex officio)

Operations committee

Oversees management鈥檚 development of new commercial business initiatives, particularly all capital projects and those potential contracts valued in excess of $100 million. Its members are:

Mark Dienesch (Chair)
Dyanne Carenza
Mike Johnson
Mora Johnson
Julian J. Ovens
Myl猫ne Tassy
Douglas J. Harrison (ex officio)
Robert (Bobby) Kwon (ex officio)

Senior management

In addition to overseeing day-to-day operations, the Senior Management plans and executes the business strategy as outlined in the Corporate Plan.

Senior management committees

成人头条’s Management maintain oversight over day-to-day operations in conjunction with the following key committees.

Senior management committee

The Senior Management Committee is composed of the President and CEO and four vice-presidents. With the approval of the Board of Directors, the committee sets the corporate strategy and related strategic objectives in support of the corporate mandate.

Bound by 成人头条鈥檚 Code of Conduct and Business Ethics, the committee adheres to the highest ethical standards of professional conduct.聽 The Committee is chaired by the CEO and meetings are held weekly.

Integrity compliance committee

成人头条 continues to enhance its approach to responsible business conduct (RBC), including the conduct of integrity and compliance due diligence, in its efforts to combat bribery and unethical business practices.聽

The Integrity Compliance Committee’s (ICC’s)聽work helps ensure that integrity issues are identified at the earliest stage of business 聽activity in potential transactions, and develops strategies to mitigate any potential risks.聽聽Some of the following key roles and responsibilities include:聽

Ensure alignment of the Corporation鈥檚 integrity framework with corporate best practices in the area of anti-bribery and corruption.
Maintain the Corporation鈥檚 integrity compliance due diligence processes against bribery and corruption of foreign public officials
Review the integrity profiles of Canadian exporters and foreign buyers in the context of specific export opportunities and makes recommendations to the ROC

In addition, and in keeping with the Organization for Economic Co-operation and Development (OECD) Guidelines for Multinational Enterprises as adopted by the Government of Canada, the ICC encourages Canadian exporters to develop and adopt 聽policies and processes aimed at preventing and detecting bribery and corruption, and to promote employee awareness of and compliance with policies through training programs.

The committee is chaired by the Legal Manager-Compliance, and meets on a bi-weekly basis, or more frequently depending on business circumstances.

Risk and opportunities committee

The Risk and Opportunities Committee (ROC)聽was established as an advisory body to the President and CEO to ensure that prudent risk management practices are in place and reflect the Corporation鈥檚 operational needs.聽聽It balances business opportunities against the risks they present and provides a forum for discussion.聽

The ROC reviews issues at the entity-wide, corporate and transactional risk levels, as defined by the Corporation鈥檚 enterprise risk management framework.聽聽The committee has the following key roles and responsibilities:

Ensure the Corporation鈥檚 enterprise risk management framework remains relevant and reflects leading industry practices
Review and assess export transactions at various stages to ensure risk and opportunities are balanced and the Corporation鈥檚 risk tolerance is respected, including as it pertains to integrity and human rights risks
Review all fee-generating export transactions to ensure proposed fees cover expected resource requirements and risks.

The committee is chaired the Chief Financial Officer, with meetings held weekly.

Human rights committee

The Human Rights Committee (HRC) is a cross-functional committee that completes due diligence assessments for human rights risks and reports its findings to the ROC. The members of the HRC are from the risk, business development, legal and contract management teams.

The HRC reviews transactions and provides recommendations on projects, acting as an advisory function within the Corporation for these issues. This review involves identifying and assessing transactional risks and proposing measures to mitigate those risks throughout the project life cycle, in line with the United Nations Guiding Principles on Business and Human Rights and the OECD Guidelines for Multinational Enterprises.

The committee is chaired by the Legal Manager-Compliance, and meets on a bi-weekly basis, or more frequently depending on business circumstances.

Governance

Enterprise risk management

As it works in a variety of sectors in markets around the world, 成人头条 has implemented a robust Enterprise Risk Management (ERM) policy to understand, manage and communicate risk from an organization-wide perspective. Involving employees from all levels of the Corporation and embedded in day-to-day operations, ERM ensures a risk culture fully aligned with 成人头条鈥檚 strategic objectives.聽

Management uses 成人头条鈥檚 ERM process to:

Identify business risks faced on a day-to-day and strategic basis 聽
Consistently analyze risks for likelihood of occurrence and potential impact聽
Establish formal systems to minimize and monitor risk聽
Communicating risks throughout the Corporation聽
Develop risk profiles at key levels聽
Report changes to 成人头条鈥檚 risk portfolio to the Board of Directors

Audits and special examinations

The Office of the Auditor General of Canada (OAG), conducts a financial audit of 成人头条 each year. Our current聽Annual Report聽includes the most recent Independent Auditor鈥檚 Report.

The OAG also undertakes a Special Examination of federal Crown corporations, including 成人头条, at least once every 10 years. These objective of a special examinations is to provide an opinion on the corporations systems and practices. A special examination answers the question 鈥� Do the Corporation鈥檚 key systems and practices provide reasonable assurance that its assets are safeguarded, its resources are managed economically and efficiently, and its operations are carried out effectively? The most recent聽Special Examination of 成人头条聽was completed in 2019.

Internal audit

成人头条鈥檚 Internal Audit group conducts audits based on an audit plan which is approved by the Audit Committee of the Board of Directors. After each audit, a report is issued which includes 成人头条鈥檚 opinion on the related internal controls, a summary of each finding and recommendations.

Purchasing policy

As a Federal Crown Corporation, 成人头条 operates at arm鈥檚 length from the Canadian government and in accordance with commercial principles. In support of our mandate 成人头条 is required to purchase goods and services to meet corporate requirements.

As outlined in the聽Purchasing Policy, enacted in 2005 and updated in October 2015, 成人头条 will purchase goods and services in a manner that is professional, efficient, effective, and economical and in accordance with applicable legislation and trade agreements. This Policy applies to all staff of the Corporation as it pertains to the administrative purchases of goods and services for the benefit of 成人头条 and/or its employees and supersedes any prior policy.

Pricing policy

成人头条 fees generated by 成人头条鈥檚 participation in transactions are the sole funding source for the Corporation. 成人头条 fees are set at a level sufficient to meet the overall risk profile of each transaction as well as the financial requirements of the Corporation for ongoing operations. The 成人头条 Pricing Policy provides direction to staff on the pricing of 成人头条鈥檚 services. Please contact your 成人头条 account manager for more information on how this policy applies to your specific transaction.

Travel, hospitality, conference, and event expenditures policy

As of August 15, 2016, the rules and principles governing travel and hospitality expenses at 成人头条 are consistent with Treasury Board guidelines, including the聽. The purpose of these directives is to provide for the reimbursement of reasonable expenses incurred during travel on government business. The rules and principles outlined in the聽成人头条 Travel, Hospitality, Conference and Event Expenditures Policy聽provide for the application of these directives.

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