The Committee has the following responsibilities:
A. Strategies, Systems, Programs
and Procedures
¨ Review management's development
and implementation of:
- Kinross' Corporate Responsibility strategy, including a
Corporate Responsibility Policy Framework and initiatives to
promote safety, health and responsible environmental stewardship,
while maintaining and developing positive relationships with
communities in which the Company operates;
- Corporate Responsibility risk identification and risk
management programs;
- key policies, management systems and programs relating to
Corporate Responsibility, including a performance measurement
system to monitor safety, health, environmental and social
performance, and compliance with related legal requirements and
internal targets;
- procedures for notifying management of actual, alleged or
suspected violations of corporate safety, health and environmental
programs and non-compliance with applicable safety, health and
environmental laws and regulations, and for reporting by management
to the Board of the resolution thereof on a timely basis;
- emergency planning and procedures relating to safety, health
and the environment; and
- practices and procedures that account for reclamation and
closure obligations in the Company's business plans according to
applicable accounting standards.
¨ Review whether adequate
resources are available and whether appropriate systems are in
place for management to implement appropriate safety, health,
environmental, community and permitting programs.
B. Permitting
¨ Review management's efforts to
obtain permits required to advance its development projects in a
timely manner and obtain from management regular reports on the
progress of such permitting activities, as well as reports on key
government legislation, regulations and policies that may have a
material impact on the Company's activities in the countries where
it operates.
C. Performance
¨ Review management's performance
in the areas of safety, health and environment, which shall be
reported by management to the Committee on a quarterly basis.
¨ Review management's performance
for consistency with the Company's "Ten Guiding Principles for
Corporate Responsibility" and approve any changes to those
principles.
¨ Evaluate annually the
performance of the Committee.
D. Communications and Reporting
¨ Review management's practices
and procedures, and the implementation thereof, for communicating
to employees the Company's Corporate Responsibility strategy,
including efforts to create a culture of awareness in the areas of
safety, health and environmental stewardship and the importance of
taking Corporate Responsibility into account in decision-making
within the Kinross organization.
¨ Review management's approach to
communications to shareholders and other stakeholders regarding the
Company's performance in the area of Corporate Responsibility.
¨ Receive quarterly Corporate
Responsibility reports from management which are to include any
Corporate Responsibility issues of a material nature, ongoing
safety, health and environmental performance and other issues
within the overall mandate of the Committee.
¨ Request and obtain from
management such other reports as the Committee may from time to
time deem necessary to fulfil its mandate including, but not
limited to, status reports on:
- the Company's Corporate Responsibility compliance audit
program;
- the Company's efforts to promote and improve safety performance
and employee training in this regard;
- key safety, health, environmental, permitting and community
programs; and
- the Company's reclamation and closure obligations.
¨ Report on the Committee's
activities to the shareholders annually in the Management
Information Circular prepared by Kinross for the annual and general
meeting of shareholders or other disclosure documents or on
Kinross' website.
