2014 Annual and CSR Report
2014 Annual and CSR Report
2014 Annual and CSR Report
Good, strong governance is critical to Hudbay’s success as a publicly traded company and to securing the confidence and trust of our many stakeholders. Our corporate governance practices are in place to drive ethical behaviour and high performance standards throughout the organization.
Hudbay’s Board of Directors oversees the business of the Company and provides guidance to management to help meet corporate objectives and maximize shareholder value. The Board fulfills its responsibilities directly and through five committees:
Board members are selected based on criteria that include: judgment, character, expertise, skills and knowledge useful to the oversight of the Company’s business; diversity of viewpoints, backgrounds, experiences and other demographics including gender; business or other relevant experience; and the overall composition of the Board**.
W. Warren Holmes* Interim Chairman
Compensation Committee (Chair), Corporate Governance and Nominating Committee (Interim Chair), Environmental, Health, Safety and Sustainability Committee, Technical Committee
David A. Garofalo President and Chief Executive Officer
Igor Gonzales* Technical Committee, Environmental, Health, Safety and Sustainability Committee
Tom A. Goodman Environmental, Health, Safety and Sustainability Committee (Chair), Technical Committee
Alan R. Hibben* Compensation Committee, Corporate Governance and Nominating Committee
Sarah B. Kavanagh* Audit Committee (Chair), Compensation Committee
Alan J. Lenczner* Audit Committee, Compensation Committee
Kenneth G. Stowe* Technical Committee (Chair), Corporate Governance and Nominating Committee
Michael T. Waites* Audit Committee
Carin S. Knickle* New director nominee***
* Independent
** After serving six years as Chairman, G. Wesley Voorheis will not stand for re-election at our upcoming annual shareholders meeting, scheduled to be held on May 22, 2015; John Knowles also will not stand for re-election. If elected, the current intention of the Board is to have Mr. Holmes serve as our Chairman going forward.
*** Carin Knickle was not a member of the Board in 2014, but is in the Management Information Circular as a management nominee to sit on the Board in 2015, pending board approval at the board meeting in May.