Corporate Governance

Corporate Governance

Northern Superior Resources strives to set high professional standards in the way its officers, managers, employees and contractors carry out their work on behalf of the Company. These standards are outlined in the Company’s Board manual in a series of charters, detailed position description, codes and policies, which include:

a. Charter of the Board of Directors;
b. Position Description – Chair of the Board;
c. Position Description – Chief Executive Officer;
d. Position Description – Director;
e. Position Description – Committee Chair;
f. Audit Committee Charter;
g. Compensation Committee Charter;
h. Corporate Governance and Nominating Committee Charter;
i. Environment and Safety Committee Charter;
j. Committee Operations – General Guidelines;
k. Code of Business Conduct and Ethics;
l. Code of Ethical Conduct for Financial Managers;
m. Corporate Disclosure Policy;
n. Options Grants Policy; and
o. Whistleblower Policy.

As important as the Board Manual is as a guide in setting high standards for Northern Superior staff, the Company does recognize the importance of encouraging its staff to maintain and expand its knowledge and expertise in exploration and management. This is done through staff participation in relevant conferences, courses and involvement in professional organizations. For example, the President and Vice President of Operations are both registered professional geoscientists and the Company’s President is the Past-President of the Sudbury Prospectors and Developers Association of Canada, sits on the Ontario Prospectors Association board of directors and also the Ontario Mines Minister’s Mining Act Advisory Committee.

In addition, the Company has made a point of engaging and involving all First Nation communities within whose traditional territories the company is exploring. The Company has a proud record of training and employing First Nation community members in a variety of aspects of its exploration programs through Early Economic Exploration Benefits Agreements, Letters of Agreement and Memorandums of Understanding.