Quimbaya Gold Inc. Strengthens Corporate Governance and Board Appointments
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VANCOUVER, BC, Aug. 23, 2024 /CNW/ - Quimbaya Gold Inc. (CSE: QIM) (OTCQB: QIMGF) ("Quimbaya" or the "Company") is pleased to announce the approval of its comprehensive corporate governance policies by the Board of Directors (the "Policies"). Their implementation reinforces the Company's continued commitment to transparency, accountability and best business practices. These Policies will guide the operations of the Board of Directors and its committees, including the Management Committee, Audit Committee, and others. Additionally, the Company has appointed Olivier Berthiaume as a new director, effective immediately, and Terence Ortslan to its Advisory Board. These appointments significantly bolster Quimbaya's expertise in management and mining, adding valuable knowledge and experience in capital markets.
The newly approved Corporate Governance Charters encompass a comprehensive set of policies and guidelines designed to enhance the governance framework of Quimbaya Gold. These charters will guide the operations of the Board of Directors and its committees, including the Management Committee, Audit Committee, and others.
Key elements of the Corporate Governance Charters include:
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Board Responsibilities: Outlines the duties and responsibilities of the Board of Directors, including oversight of management, budgeting and strategic planning, and risk management.
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Committee Structure: Defines the roles, composition, and responsibilities of each Board committee to ensure effective oversight and decision-making.
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Ethical Standards: Establishes a Code of Conduct for all directors, officers, and employees, promoting integrity, fairness, and accountability in all business activities.
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Shareholder Rights: Reinforces the rights of shareholders and ensures transparent communication and engagement.
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Risk Management: Implements a robust structure for identifying, assessing, and managing risks that could impact the company's performance and reputation.
About Olivier Berthiaume
Mr. Olivier Berthiaume is an accountant with over 12 years of experience working with early-stage companies in the Canadian markets. He holds a Bachelor of Business Administration from HEC Montreal and specializes in private-to-public market transactions, compliance, corporate governance, and corporate growth strategies. Mr. Berthiaume has held various director and officer positions in junior mining companies.
About Terence Ortslan
Mr. Terence Ortslan is a seasoned resource executive with over 40 years of experience, having served in advisory capacities across the mining, metals, and fertilizer sectors. He provides guidance on investment and technical aspects of the industry, as well as strategic and policy advice tailored to mining companies. Additionally, Mr. Ortslan advises financial institutions on investment decisions, offers direction to international industry organizations, and consults with governments on fiscal and industrial regulations. He also supports universities in enhancing their educational standards and assists corporations with decision-making, boardroom leadership, shareholder value enhancement, and strengthening ESG parameters. Mr. Ortslan holds a Bachelor of Engineering & Applied Geophysics and an MBA from McGill University.