The Audit Committee assists the Board of Directors in its oversight responsibilities with respect to the integrity of the company’s financial statements, compliance with legal and regulatory requirements, external auditor qualifications, and performance of the company’s audit functions.
The Committee is composed entirely of outside directors who are unrelated to and independent from Agnico-Eagle. Current members are:
The Audit Committee has two primary objectives:
- To advise the Board in its oversight responsibilities regarding:
- The quality and integrity of the company’s financial reports and information
- Compliance with legal and regulatory requirements
- Effectiveness of the company’s internal controls for finance, accounting, internal audit, ethics, and legal and regulatory compliance
- Performance of the company’s auditing, accounting and financial reporting functions
- Fairness of related party agreements and arrangements between the company and related parties
- Independent auditors’ performance, qualifications and independence
- To prepare the reports required to be included in the management proxy circular in accordance with applicable laws or the rules of applicable securities regulatory authorities.
The Committee meets at least quarterly and more frequently as required.
Download full Audit Committee charter (PDF 153 KB)