Board Committees

The Board delegates specific tasks to five standing Committees and can create special purpose Committees as needed. Each Committee can draw upon the resources of the CEO and other members of management as appropriate, and may engage outside advisors as required.

The Board determines the authority and responsibilities of each committee and approves the charters. Committees regularly schedule in-camera sessions, make recommendations to the Board and, with the exception of the Nominations Committee, report regularly to the Board.

Each Committee has a Chair who leads the Committees in performing their functions. Read the Committee Chair Charter

Audit & Finance Committee

The Audit and Finance Committee oversees Coast Capital Savings’ financial reporting and ensures sound internal controls are in place. The Committee ensures the independence and evaluates the performance of the internal and external auditors.

Committee members for 2019-2020: Valerie Lambert, Chair; Nancy McKenzie; Charlotte Burke. Bob Armstrong (Board Chair) is a voting ex officio member of the Committee.

Read the Audit and Finance Committee Charter

Governance & Community Engagement Committee
The Governance and Community Engagement Committee ensures that the Board maintains effective governance practices, proactively considers strategic issues impacting member engagement, and approves and monitors the Community Leadership Strategy.

Committee members for 2019-2020: Chris Trumpy, Chair; Frank Leonard; Valerie Lambert. Bob Armstrong (Board Chair) is a voting ex officio member of the Committee.


Human Resources Committee

The Human Resources Committee oversees the human resources strategy at Coast Capital Savings. The Committee reviews policy and strategy with respect to employee salaries, benefits, and incentive compensation, and succession planning for senior management. It also directs the annual evaluation process for CEO performance. The Human Resources Committee acts as the Conduct Review Committee under the Bank Act.

Committee members for 2019-2020: Christian Morrison, Chair; Robin Chakrabarti; Frances Fiorillo. Bob Armstrong (Board Chair) is a voting ex officio member of the Committee.

Read the Human Resources Committee Charter

Risk Review Committee
The Risk Review Committee oversees the identification, measurement, and monitoring of risks impacting and emanating from Coast Capital Savings’ strategy and business activities and ensures effective controls are in place.

Committee members for 2019-2020: Robin Chakrabarti, Chair; Frances Fiorillo; Nancy McKenzie. Bob Armstrong (Board Chair) is a voting ex officio member of the Committee.

Read the Risk Review Committee Charter

Nominations Committee
The Nominations Committee ensures there are an appropriate number of qualified and recommended nominees for election to the Board. The Committee also oversees, organizes, and administers the election of Directors to the Board. The Committee reports directly to the members.

Committee members for 2019-2020: Frank Leonard, Chair; Christian Morrison; Mary Jordan; Bob Armstrong (Board Chair) is a voting ex officio member of the Committee.

Read the Nominations Committee Charter