Audit Committee

Chair:

  • Sheila Fraser

Members:

  • L. Denis Desautels
  • Daniel Johnson
  • Jean C. Monty
  • Patrick Pichette

All Audit Committee members are independent.

The objectives of the Committee are to:

  • help the directors meet their responsibilities with respect to accountability,
  • assist in maintaining good communication between the directors and the independent auditors of Bombardier, Ernst & Young,
  • assist in maintaining the independence of Ernst & Young,
  • maintain the credibility and objectivity of the financial reports of Bombardier, and
  • investigate and assess any issue that raises significant concerns with the Committee.

The Committee periodically monitors the adequacy and effectiveness of the disclosure controls and systems of internal control of Bombardier through the reports provided by the Senior Vice President and Chief Financial Officer, the Senior Director responsible for Corporate Audit Services and Risk Assessment, and Ernst & Young, as the case may be.

As a general rule, all meetings of the Committee are attended by the Chairman of the Board, the President and Chief Executive Officer, the Senior Vice President and Chief Financial Officer, and the Senior Director responsible for Corporate Audit Services and Risk Assessment, as well as by the representatives of Ernst & Young,  the independent auditors of Bombardier. During such meetings, the Committee also holds private sessions with each of the President and Chief Executive Officer, the Senior Vice President and Chief Financial Officer, the Senior Director responsible for Corporate Audit Services and Risk Assessment, and the indepentent auditors to discuss various topics of interest.

Each member of the Committee is "financially literate" as required by NI 52-110.

View the Audit Committee charter