We firmly believe that sound governance is the foundation for strong corporate performance, supporting Cameco's long-term financial stability and profitability.
Cameco's board of directors is responsible for supervising the management of the business and affairs of the corporation. Our business and affairs are conducted by employees and management under the direction of the chief executive officer and the oversight of the board of directors.
The board seeks to sustain a successful business, optimizing long-term financial returns and increasing the corporation's value by:
- maintaining a governance framework that establishes broad areas of responsibility, including appropriate checks and balances for effective decision-making and approvals
- making decisions that set the tone, character and strategic direction for Cameco and approving the vision, mission, value statements and enterprise level policies developed by management
- regularly monitoring management's effectiveness, including its leadership, recommendations, decisions and execution of strategies to ensure that the CEO and senior management carry out their responsibilities.
The board has delegated the day-to-day responsibility for corporate governance to the nominating, corporate governance and risk committee. The committee is responsible for defining our approach to corporate governance issues (including reviewing our corporate governance guidelines every year and recommending any changes to the board).
The board reviews our corporate governance framework and practices and revises them as regulations change, and as industry and shareholder expectations and corporate best practices continue to evolve.