Chief Executive Officer Mandate

Role

  • The Chief Executive Officer (the “CEO”) of Radius Financial (“Radius” or the “Corporation”) shall be accountable to the Board of Directors (the “Board”) for the effective overall management of the Corporation and for conformity with policies agreed upon by the Board. The CEO shall have full responsibility for the day-to-day operations of the Corporation’s business and capital expenditure budgets as approved by the Board.
  • All decisions required to be made outside of the Corporation’s ordinary course of business, shall require approval from the Board. These decisions include major financings, acquisitions, dispositions, budgets and capital expenditures.

Appointment

  • The CEO shall be a duly elected or appointed member of the Board.
  • The CEO shall not be a member of any committee appointed by the Board, but is invited to attend Board Committee meetings, except in camera session, and as appropriate, closed sessions.

Duties and Responsibilities

The CEO provides effective leadership and vision for the Corporation to grow in a profitable and sustainable manner. The CEO shall exhibit and foster ethical and responsible decision making, appropriate management and best-in-class corporate governance practices.

The CEO shall:

  • provide leadership and vision to manage the Corporation in the best interests of its shareholders;
  • provide leadership in setting the principles, values, strategic plan and annual operating budget of the Corporation, in conjunction with the Board;
  • promote ethical and responsible decision making by management;
  • overseeing the implementation of the Corporation’s policies and procedures;
  • take all reasonable steps to satisfy the Board as to the integrity of the CEO and other senior officers;
  • be a community leader and ensure that the Corporation contributes to the well-being and improvement of the communities in which it operates;
  • serve as the external spokesperson and principal liaison for the Corporation, including effectively managing relations with shareholders, the communities in which the Corporation operates, customers, creditors, suppliers, the media, governments, non-government organizations and the public generally;
  • communicate in a timely fashion with the Board on material matters affecting the Corporation;
  • communicate regularly with the chairman of the Board and all directors to ensure that these responsibilities are being fully complied with and that directors are being provided with information necessary to fulfill their responsibilities and statutory obligations;
  • together with the Chief Financial Officer (the “CFO”) and other members of senior management, ensure appropriate and timely disclosure of material information;
  • provide general supervision and management of the day-to-day affairs of the Corporation within the guidelines established by the Board;
  • ensure the development, approval and implementation of an “Annual Outlook” guideline, including business plans operational requirements, organizational structure, staffing and budgets;
  • together with the CFO certify the accuracy, completeness, integrity and appropriate disclosure of the Corporation’s financial statements and other financial information through appropriate policies and procedures as well as provide required regulatory certifications;
  • establish and maintain the disclosure controls, internal reporting controls and procedures through appropriate policies and procedures;
  • ensure that the Corporation has an effective senior management team below the level of the CEO and that the Board has regular exposure to senior management, monitor’s their performance and provides feedback and training as appropriate.