Statement of Corporate Governance Practices
Bombardier believes that strong corporate governance is linked to strong corporate performance resulting in sustained profitability and, therefore, enhances shareholder value.
Bombardier has corporate governance policies and practices which comply with and, in certain instances, even surpass, the requirements of:
- National Instrument 52-110-Audit Committees (as amended “NI 52-110”), which sets out rules regarding the composition and responsibilities of public company audit committees,
- National Policy 58-201 Corporate Governance Guidelines and
- National Instrument 58-101-Disclosure of Corporate Governance Practices.
In addition, Bombardier continuously seeks to strengthen its corporate governance practices by monitoring the coming into effect of new regulatory requirements and the evolution of best practices so as to be able to adjust its policies and practices accordingly, but always in light of its own specificity.