As of March 8, 2013Neil McMillan is the president and CEO of Claude Resources Inc., a Saskatchewan-based gold mining and oil and gas producing company. He previously served on the board of Atomic Energy Canada Ltd., a Canadian government nuclear reactor production and services company.
Neil holds a bachelor of arts degree from the University of Saskatchewan, and is a former member of the Saskatchewan legislature. Neil's CEO experience gives the board access to a ground level view of many of the daily mining risks and opportunities faced by Cameco. His background as an investment adviser and legislator, and his knowledge of the political and business environment in Saskatchewan, are valuable when the board is reviewing investment opportunities. In addition to his extensive experience as a senior executive, he has served on the compensation committee of other public company boards and on Cameco's human resources and compensation committee for the past two years. Except for the public company boards listed below, Neil has not served on any other public company boards over the past five years.
Other public company boards and committee memberships:
Claude Resources Inc. (not a
member of any board
committees because he is
CEO),
Shore Gold Inc. (audit
committee, compensation
committee)
The following is as of December 31, 2012
| Board of directors |
6 of 6 |
2 of 2 |
100% |
| Audit and finance |
2 of 2 |
|
100% |
| Human resources and compensation |
5 of 5 |
1 of 1 |
100% |
| Reserves oversight (chair) |
3 of 3 |
|
100% |
Securities Held Table
1. John S. Auston recused himself from one board meeting due to a conflict of interest in his role as a director of Centerra Gold Inc., so the total number of Board meetings he was required to attend has been reduced accordingly.
2. The information as to Cameco shares owned or over which control or direction is exercised has been furnished by the respective Directors. 15 CAMECO MANAGEMENT PROXY CIRCULAR
3. "DSUs" refers to deferred share units under Cameco's DSU plan for Directors.
4. The total value of Cameco shares and DSUs was calculated as follows: for 2007, based on $39.57, the 2007 year-end closing price of a Cameco share on the Toronto Stock Exchange (TSX); and for 2006, based on $47.20, the 2006 year-end closing price of a Cameco share on the TSX.
5. "Options" refers to unexercised Options under Cameco's Stock Option Plan. On October 28, 2003, the Board discontinued granting Options to Directors under the Option Plan.
6. Exercise prices and numbers of Options have been adjusted to account for Cameco's share spdivts.
7. All Options granted to the Directors have now vested (except for reload Options as referenced in note 10 below).
8. Mr. Grandey was unable to attend the short board meeting immediately following the 2008 annual meeting because he was attending a Cameco press conference. As Mr. Grandey is president and CEO of Cameco, he is not a member of any board committees to make sure they operate independently of management.
9. The Board of Directors has determined that Joe F. Colvin is independent as three years have passed since the end of Mr. Colvin's term as President and CEO of the Nuclear Energy Institute. Gerald W. Grandey, Cameco's President and CEO, was a member of the Nuclear Energy Institute's executive and compensation committees during the last ten months of Mr. Colvin's term.
10. James R. Curtiss and George S. Dembroski exercised reload Options to obtain additional Options with a ten-year term exercisable at the closing market price of Cameco shares on the day prior to the exercise of the reload Options. Reload Options ceased being awarded after 1998.
11. Mr. Grandey was unable to attend the short board meeting immediately following the 2008 annual meeting because he was attending a Cameco press conference. As Mr. Grandey is president and CEO of Cameco, he is not a member of any board committees to make sure they operate independently of management.
0.39
