Gibson has established an Enterprise Risk Management Committee (ERMC), composed of executive and senior management, to oversee and direct our corporate governance activities.

The committee considers all factors that affect the company’s diverse operations. Its mandate includes the design and maintenance of an appropriate risk management framework to provide guidance to managers and staff.

Specific responsibilities of the ERMC include:

• fostering an integrated risk management culture
• identifying and defining major corporate risk areas
• measuring, reporting, controlling and limiting risks

Enterprise-wide risk assessment is vital to good corporate governance, helps to achieve our strategic objectives, maximizes business opportunities and ensures shareholders’ assets are secure.

At a minimum, we meet the corporate governance standards set by our parent company, Hunting PLC. Hunting’s corporate governance practices are published on its website (choose "Investors," then "Responsibilities," then "Corporate Governance”).