Mandate of the President and Chief Executive Officer

As President and Chief Executive Officer, Mr. Pierre Beaudoin is responsible for the management and execution of Bombardier’s strategic and operating plans. His specific responsibilities include, among other things:

  • executing the Board’s resolutions and policies;
  • providing long-term strategic orientation in the form of a strategic plan and a business plan;
  • managing Bombardier’s commercial and internal affairs by:
    • assuming responsibility for capital management and financial management;
    • implementing decisions with respect to acquisitions, divestitures, financings and similar activities, subject to prior approval of the Board;
    • ensuring that Bombardier has effective disclosure controls and procedures and internal controls in place; and
    • identifying, assessing and managing the risks involved in the course of business; and
  • representing Bombardier to external groups.

The corporate objectives which the President and Chief Executive Officer, Mr. Pierre Beaudoin, is responsible for meeting are determined pursuant to the operating plans and budgets approved each year by the Board. He is assessed against the achievement of the operating plans and the budgets and may also be assessed, in part, in relation to specific objectives that have been fixed for him by the Board upon the recommendation of the Human Resources and Compensation Committee (HRCC).

At the beginning of each regular meeting of the Board, a private session is held involving only the President and Chief Executive Officer, Mr. Pierre Beaudoin, and the directors in order to allow them to review and discuss various topics of interest according to the then prevailing circumstances.