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 (NI 52-110), which sets out rules regarding the composition and responsibilities of public company audit committees;
  • National Policy 58-201 Corporate Governance Guidelines (NP 58-201); and
  • National Instrument 58-101-Disclosure of Corporate Governance Practices (NI 58-101), as well as amendments to NI 52-110 to ensure that the definition of “independence” is consistent with each of NI 58-101 and NI 52-110.

In addition, Bombardier continuously monitors 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.