safety-health-and-environmental-committee-charter

Safety, Health and Environmental Committee Charter

Purpose:

The Safety, Health and Environmental Committee (the “SHEC”) purpose is to assist the Board in meeting its responsibilities in reviewing and recommending policies related to safety, health and environmental matters that affect the Company.

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Composition:

The SHEC shall consist of three Directors.

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Meetings:

The SHEC shall meet as needed. Quorum will exist with the presence of the entire SHEC.

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Responsibilities:

The SHEC shall be responsible for the following:

  • Periodically review the safety, health, environmental and security policies of the Company and, as appropriate, recommend changes in such policies to the Board of Directors or management;
  • Receive and review, not less than annually, written reports from management on the status of compliance with safety, health, environmental and security policies of the Company, and on compliance with all applicable regulatory requirements;
  • Receive and review, not less than annually, reports from management on any material non-compliance with the safety, health, environmental and security policies of the Company, or any material non-compliance with any applicable regulatory requirement;
  • In the event of the occurrence of a material safety, health, environmental or security incident, which occurrence is required to be reported to appropriate regulatory authorities, receive and review as soon as reasonably practicable, a report from management detailing the nature of the incident and describing the remedial action being taken. Such report is to be made to the SHEC Chair, who will determine what other SHEC action is required;
  • Review the management safety, health, environmental and security emergency response planning procedures of the Company.

The SHEC will present key findings to the entire Board after each meeting

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Compensation:

The members of the SHEC shall be compensated for their duties related to the same. The compensation shall be presented to the Shareholders for their approval at the annual shareholder meeting.

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