Committees of the Board of Directors
Board of Directors has established four standing committees: the Audit
Committee, Compensation Committee, Nominating and Corporate Governance
Committee, and Executive Committee. The composition and mandates of each of
these committees are consistent with all statutory, regulatory and stock
exchange requirements to which Celestica is subject.
Mandate (PDF 53.7kb, 8 pages)
Audit Committee’s purpose is to assist Board oversight of the integrity of the
company's financial statements, the company’s compliance with applicable legal
and regulatory requirements, the independent auditor’s qualifications and
independence, and the performance of the company’s internal audit function and
Corporate Governance Committee Mandate (PDF 39.3kb, 6
purpose of the Nominating and Corporate Governance Committee is to assist the
Board in identifying qualified individuals to become directors and to develop
and implement the company’s corporate governance guidelines and practices.
Committee Mandate (PDF 42.5kb, 6 pages)
is the responsibility of the Compensation Committee to define compensation
policy and principles that reflect and support the company’s strategic
direction, business goals and desired culture. Among other things, the
committee reviews the company’s compensation strategy, approves the
compensation of the company’s executive officers, and reviews succession
planning for the Chief Executive Officer and other key positions.