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Board Mandate

The mandate of our Board of Directors is to supervise the management of our business and affairs and in doing so to act honestly and in good faith with a view to the best interests of Silver Standard and to exercise the care, diligence and skill that a reasonably prudent individual would exercise in comparable circumstances.

In supervising the management of our business and affairs, our Board of Directors, among other things,

  • reviews and approves strategic plans prepared or updated by management on an annual basis and monitors annual programs in relation to strategic plans;
  • reviews and approves programs and budgets for each fiscal year and monitors progress of programs and budget against approved objectives;
  • monitors the integrity of our financial statements;
  • monitors our compliance with legal and regulatory requirements;
  • monitors and evaluates the performance of management, establishes compensation programs and succession planning and determines compensation of the CEO and senior management;
  • oversees management’s implementation of environmental, community and health and safety policies and programs;
  • assists management in identifying our principal business risks; and
  • ensures that management implements the required systems and policies to manage our business in accordance with all regulatory requirements and in the best interests of our shareholders.

Committees of the Board of Directors

In order to assist the Board of Directors in carrying out its mandate, the board of Directors has established three committees:

  • Audit Committee, which carries out its functions in accordance with the Audit Committee Charter;
  • Compensation Committee, which carries out its functions in accordance with the Compensation Committee Charter; and
  • Corporate Governance & Nominating Committee, which carries out its functions in accordance with the Corporate Governance & Nominating Committee Charter.