Working with management, the board ensures Cameco's strategy addresses industry challenges and opportunities - today and into the future.
Our goal is always to continue delivering the best value to shareholders.
Neil McMillan, chair
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.
Beyond overall stewardship and oversight of the business affairs of the company, members of Cameco's board of directors are accountable for specific duties and responsibilities.
The board carries out its responsibilities directly and through five standing committees, each mandated to provide detailed oversight of key areas.
Position description for the board chair of Cameco Corporation.
Position description for the chief executive officer of Cameco Corporation.
Cameco's statement of compliance with the requirements of the New York Stock Exchange.
Code of Conduct and Ethics
Maintaining the highest standards of ethical behaviour is inherent to the culture at Cameco. Our code of conduct and ethics provides guidance to how we uphold the company's values. The code applies to all directors, officers and employees of Cameco as well as our subsidiaries and it addresses, among other things, topics such as conflicts of interest, confidentiality, disclosure and compliance.
As a publicly listed company on both the Toronto and New York Stock Exchanges, Cameco is subject to a variety of requirements in Canada as well as the United States. The board has adopted corporate governance guidelines to ensure that our practices comply with governance rules and legislation in Canada and those of the United States applicable to foreign private issuers.