OMERS Governance Manual Instructions
- June 16, 2024
- OMERS
Table of Contents
OMERS Governance Manual
Product Information
Specifications
- Product Name: OMERS Sponsors Corporation Governance Manual
- Version: 2023
| Section | Description |
|---|---|
| Introduction to Governance Manual | Outlines the purpose and use of the |
Governance Manual.
Introduction
The OMERS Sponsors Corporation Governance Manual provides comprehensive information and guidelines for the effective governance of the organization. It outlines the roles, responsibilities, and charters of various committees and board members. This manual serves as a valuable resource for individuals involved in the governance of OMERS Sponsors Corporation.
Charters & Roles
The manual includes the following charters and role descriptions:
- Board Charter
- Audit Committee Charter
- Corporate Governance Committee Charter
- Human Resources and Compensation Committee Charter
- Plan Design Committee Charter
- Nomination Advisory Committee Charter
- Board Member Role Description
- Board Chair Role Description
- Vice-Chair Role Description
- Committee Chair Role Description
- Chief Executive Officer Role Description
- Board Competency Framework
Product Usage Instructions
Introduction to Governance Manual
The Governance Manual provides an overview of its purpose, structure, and
how to navigate through the document. It is recommended to read this section
first before delving into the specific charters and role descriptions.
Board Charter
The Board Charter outlines the purpose, composition, and responsibilities of the Board of Directors. It provides guidance on the decision-making process, board meetings, and the relationship between the board and management.
Audit Committee Charter
The Audit Committee Charter defines the role and responsibilities of the
Audit Committee. It covers areas such as financial reporting, internal
controls, risk management, and
external audit oversight. Corporate Governance Committee Charter
The Corporate Governance Committee Charter outlines the committee’s purpose and responsibilities in ensuring effective corporate governance practices. It focuses on matters related to board composition, director independence, and corporate governance policies.
Human Resources and Compensation Committee Charter
The Human Resources and Compensation Committee Charter details the
committee’s role in overseeing human resources policies, executive
compensation, and talent management strategies.
Plan Design Committee Charter
The Plan Design Committee Charter defines the committee’s responsibilities
in designing and monitoring employee benefit plans. It covers areas such as
plan structure, funding, and compliance with regulatory requirements.
Nomination Advisory Committee Charter
The Nomination Advisory Committee Charter outlines the committee’s role in
identifying and recommending qualified candidates for board membership. It
provides guidelines for the nomination process and director succession
planning.
Board Member Role Description
The Board Member Role Description highlights the expectations,
qualifications, and responsibilities of individuals serving as board members.
It covers areas such as fiduciary duties, strategic decision-making, and
commitment to the organization’s mission.
Board Chair Role Description
The Board Chair Role Description outlines the role of the Board Chair in
leading board meetings, facilitating discussions, and representing the
organization externally. It emphasizes the importance of fostering a
collaborative and inclusive board culture.
Vice-Chair Role Description
The Vice-Chair Role Description defines the responsibilities of the Vice-Chair in supporting the Board Chair and assuming their duties in their absence. It highlights the Vice Chair’s role in promoting effective communication and board effectiveness.
Committee Chair Role Description
The Committee Chair Role Description provides guidance for individuals
serving as committee chairs. It outlines their responsibilities in leading
committee meetings, ensuring agenda items are addressed, and fostering a
productive committee environment.
Chief Executive Officer Role Description
The Chief Executive Officer Role Description details the responsibilities
of the organization’s CEO. It covers areas such as strategic planning,
stakeholder engagement, organizational performance, and executive leadership.
Board Competency Framework
The Board Competency Framework outlines the desired skills, knowledge, and
attributes expected from board members. It helps in assessing and developing
board composition to ensure a diverse and competent board.
FAQ
This document has been transcribed with the utmost attention to detail and accuracy to ensure it is fully accessible to visually impaired users. Every effort has been made to create a comprehensive and cohesive document reflective of the original content.
Where can I find the version number of the Governance Manual?
The version number of the Governance Manual can be found on the cover page or in the specifications section of the manual.
How can I navigate through the Governance Manual effectively?
The introduction section of the manual provides guidance on navigating through the document. It is recommended to refer to this section for a better understanding of the manual's structure and organization.
What is the purpose of the Board Charter?
The Board Charter outlines the purpose, composition, and responsibilities of the Board of Directors. It provides a framework for effective governance and sets expectations for board members.
What does the Audit Committee Charter cover?
The Audit Committee Charter defines the role and responsibilities of the Audit Committee in areas such as financial reporting, internal controls, and external audit oversight.
What is the purpose of the Governance Manual?
The manual is designed to establish a clear governance structure, delineate roles and responsibilities, and ensure the effective operation of the OMERS Sponsors Corporation.
Where can I find information about the specific roles of board members?
Descriptions of roles for board members, including the Board Chair, Vice- Chair, and Committee Chairs, can be found in the 'Charters & Roles' section of the manual.
Who oversees the audit function within the corporation?
The audit function is overseen by the Audit Committee, whose charter is detailed within the manual.
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