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Health, Safety and Environmental Committee

Members: Harold Kvisle (Chair), James Houck and Herb Pinder The Health, Safety and Environmental Committee assists the board in its responsibility for oversight and due diligence by reviewing, reporting and making recommendations to the board on the development and implementation of the policies and standards of ARC with respect to the areas of health, safety and environment. This committee meets separately with management of ARC who have responsibility for such matters and reports to the board. There were four meetings of the committee in 2009. Policy and Board Governance Committee

Members: Walter DeBoni (Chair), Herb Pinder, Michael Kanovsky and Mac Van Wielingen. The Policy and Board Governance Committee assists the board in fulfilling its oversight responsibilities with respect to reviewing the effectiveness of the board and its committees; developing and reviewing ARC's approach to board governance matters; and reviewing, developing and recommending to the board for approval procedures designed to ensure that the board can function independently of management. The committee annually reviews the need to recruit and recommend new members to fill board vacancies giving consideration to the competencies, skills and personal qualities of the candidates and of the existing board, and recommends to the board the nominees for election at each annual meeting. The effectiveness of individual board members and the board is reviewed through a yearly self assessment and inquiry questionnaire. There were six meetings of the committee in 2009. Risk Committee

Members: Michael Kanovsky (chair), Walter DeBoni, Fred Dyment and Mac Van Wielingen. The risk committee was formed in early 2008 to assist the board in fulfilling its oversight responsibilities with respect to reviewing the principal business risks of the Trust and the actions taken by the Trust to mitigate the risks. Included in the mandate is the review of guidelines, policies and reports from management with respect to risk assessment, risk management and risk mitigation. There were six meetings of the committee in 2009.

David P. Carey Senior Vice-President Capital Markets

Terry Gill Senior Vice-President Corporate Services

annual Report

21

2009  

Annual Report

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