Committees that support the Board

    There are 5 committees that assist the Board of Directors in fulfilling its oversight and decision making responsibilities.

    Responsibilities of the committees

    Environmental, Social and Governance Committee

    All directors appointed to this committee are independent. This committee focuses on:

    • Corporate governance
    • Corporate values and the elements which facilitate Board effectiveness
    • Committee structure and Terms of Reference of all committees
    • Composition and structure of the Board and committees
    • Recommending candidates for board members, the Chairperson and the President and Chief Executive Officer to the Governor in Council
    View committee terms of reference

    Audit Committee

    All directors appointed to this committee are independent and at least one member is a financial expert. The Audit Committee reviews:

    • Financial information, which is provided to Parliament and other stakeholders
    • Systems of corporate controls, which management and the Board have established
    • Audit process
    • Risk management framework
    • Corporation’s financial performance against its corporate plan

    Meetings of the Audit Committee are attended by the President and Chief Executive Officer, the Chief Financial Officer, the Internal Auditor, as well as by the representatives of the appointed External Auditors of Canada Post.

    View committee terms of reference

    Human Resources and Compensation Committee

    All directors appointed to this committee are independent. The Human Resources and Compensation Committee reviews:

    • Human resources and compensation matters, including recommending to the Minister Responsible for Canada Post Corporation the compensation of the President and Chief Executive Officer
    • Recruitment
    • Compensation and development
    • Retention
    • Human resource policies and labour relations issues
    View committee terms of reference

    Pension Committee

    All directors appointed to this committee are independent. The Pension Committee oversees:

    • Canada Post Pension Plan (approximately $25-billion)
    • Pension plan matters and policies, including pension plan liabilities
    • Pension plan strategies
    • Corporation responsibilities as pension plan sponsor
    • Corporation’s fiduciary responsibilities as pension plan administrator Investment decisions in accordance with the Statement of Investment Policies and Procedures
    • Investment managers
    View committee terms of reference

    Labour Relations Committee

    All directors who have been appointed to this committee are independent. The Labour Relations Committee provides additional oversight and guidance through:

    • Collective agreement negotiations and corresponding matters
    • Seeking information from required sources
    • Reporting to the Board of Directors at each of the scheduled meetings
    View committee terms of reference
    Two team organizational charts