NML's board of directors ("the Board") is elected by the shareholders at the annual meeting of shareholders and is composed to balance these goals:
- Its size facilitates substantive discussions of the whole Board in which each director can participate meaningfully
- Its members have a broad range of skills, expertise, industry knowledge, diversity of opinion and contacts relevant to the NML's business
- Membership on the Board includes an appropriate number of directors whom the Board has determined have no material relationship with NML or its principal shareholders and who are otherwise considered independent as contemplated by the corporate governance guidelines published by the Canadian Securities Administrators
The mandate of the Board, as prescribed by law, is to manage or supervise the management of the business and affairs of NML and to act with a view to the best interests of NML. The core responsibilities of the Board include stewardship and oversight in the following areas:
1. Strategic Plan
The Board meets annually, at the end of the year, and may also have special meetings as required, to review NML's overall business strategies and its annual business plan, as well as major strategic initiatives, to allow for the Board to evaluate whether NML's proposed actions generally accord with NML objectives.
2. Identification of Principal Risks
The Board, directly and through the Audit Committee as well as the other committees of the Board, reviews the principal risks of NML's business and the appropriateness of the systems management puts in place to manage these risks. A current report on risk management is presented to and reviewed by the Audit Committee each quarter.
3. Communication Policy
The Disclosure and Confidentiality Policy established by the Board summarizes practices regarding disclosure of material information to investors, analysts and the media. The Board, in consultation with the Governance Committee, monitors and advises on compliance with this Policy.
4. Internal Control and Management Information Systems
The Board, acting through the Audit Committee, monitors the implementation of appropriate internal control systems. The Audit Committee reports, at least quarterly, to the Board and periodically includes in its reports updates on the status of the Company's internal control systems.
5. Shareholder Feedback
The Board monitors management in its ongoing development of appropriate investor relations programs and procedures to receive and respond to shareholder feedback.
- Mario Caron
- Daniel P. Owen
- H. Dean Journeaux
- W. Scott Leckie
- Sandip Biswas
- Dibyendu Bose
- Chanakya Chaudhary
Mario CaronNon-Executive Chairman
Mr. Caron has forty years of wide-ranging mining industry experience in project development, operations, the capital markets, and governance/disclosure best practices. He is currently on the boards of directors of Algold Resources Ltd., Falco Resources Ltd. and Alloycorp Mining Inc., of which he serves as Non-Executive Chairman, and previously was Non-Executive Chairman of Orusur Mining Inc.
Mr. Caron has also been president, CEO and a director of several companies involved in the exploration and development of metals and minerals in the Americas, Africa, Turkey and Southeast Asia, including Aldridge Minerals Inc., Axmin Inc., Tiberon Minerals Ltd. and Defiance Mining Corporation. Earlier in his career, Mr. Caron was Vice President Mining and Infrastructure for PricewaterhouseCoopers Securities Inc. He received a B. Eng. in Mining from McGill University, and is a member of the Quebec Order of Engineers as well as the Association of Professional Engineers of Ontario.
Daniel P. Owen
Mr. Owen is a private investor and entrepreneur. He currently is Chairman and Chief Executive Officer of a private investment management company, Chairman of a helicopter conversion and enhancement company, and a former Senior Vice President of Polysar Energy & Chemical Corporation (previously named Canada Development Corporation). Mr. Owen has served on the boards of directors of a number of Canadian public companies, including as a member of the audit committees. From 1990 to 2012, Mr. Owen was on the board of Sherritt International Corporation, and at various times over the period served on all board committees.
Mr. Owen holds a B.Sc. (Econ.) from the London School of Economics and Political Science, having specialized in accounting and law.
H. Dean Journeaux
Mr. Journeaux is a founder of NML and, between August 2003 and August 2015, served successively as Chief Operating Officer, President and Chief Executive Officer, and Executive Vice Chairman. He was also on the Board of Directors during that period and returned as an independent director in June 2017.
Mr. Journeaux has over five decades of experience in the mining industry. He held various engineering, operations and management positions with Quebec Cartier Mining Company (now ArcelorMittal Mines Canada) and MET-CHEM Canada Inc. Among his responsibilities was construction management of the Mont Wright iron ore project at Fermont, Quebec. Beginning in 1999, as an independent consultant, Mr. Journeaux worked on various international projects, including in India and Egypt.
He received a Bachelor of Engineering (Mining) from McGill University in 1960. He is a Member of the Ordre des ingénieurs du Québec (retired), a Member of the Association of Iron and Steel Engineers, and a life member of the Canadian Institute of Mining, Metallurgy and Petroleum.
W. Scott Leckie
Mr. Leckie is an experienced value investor, Portfolio Manager, and a founding partner of several companies. Mr. Leckie is an original partner of Aquilon Capital Corporation, a registered investment dealer and portfolio management firm which was organized in September 1990 and sold to National Bank Financial in March 2008. Mr. Leckie was Vice President and Portfolio Manager at National Bank Financial from March 2008 until April 2012. Mr. Leckie is currently the founder, Principal and Portfolio Manager of Takota Asset Management Inc. Mr. Leckie is also the founder of, and a partner in Takota Advisors, a firm offering the combined 90 years of its principals’ experience in business transactions and advice to business owners. Mr. Leckie has served on several private and public company boards. Mr. Leckie served as temporary Chairman of the Québec-based retailer Groupe Bikini Village Inc. which was reorganized and sold soon after his board tenure was complete.
Mr. Biswas is currently the Group Executive Vice President Finance for Tata Steel Limited. In this role, he oversees the Tata Steel Group's financing strategies, capital structure, mergers and acquisitions, planning and execution of capital raising activities for both debt and equity, liquidity management, foreign exchange risk management, investor relations activities and corporate/legal affairs among other responsibilities. Mr. Biswas is currently also serving as a Director of various Tata Steel subsidiaries and joint ventures both in India and abroad.
Previously, Mr. Biswas was Group Director - (Corporate Finance and M & A), Group Head - Corporate Finance, Treasury and Investor Relations, Chief Corporate Finance and Treasury, and Chief Foreign Exchange & Treasury Management for Tata Steel Limited. Before taking employment in Tata Steel, Mr. Biswas worked with American Express Bank, ANZ Grindlays Bank, First India Mutual Fund, CEAT Finance Ltd, Usha Martin Industries Ltd and Price Waterhouse.
Mr. Biswas is a member of the Institute of Chartered Accountants of India and also of the Institute of Company Secretaries of India. He holds a bachelor's degree in Commerce from The University of Calcutta.
Mr. Bose was appointed the Group Director (Investments & New Ventures), Tata Steel Ltd., on November 1, 2013, having been with the Tata Steel Group for the last 28 years in various capacities.
Previously, Mr. Bose worked with the International Trading Division of Tata Steel from its inception and was instrumental in starting the Chartering Division of Tata Steel in 1992. He served as Tata Steel’s West Asia Representative from 1997 to 2001 in Dubai and Chief of M&S of Tata Pipes from 2001 to 2004. He held the post of Managing Director of TM International Logistics Limited (TMILL), a joint venture company of Tata Steel Ltd, NYK Holding (Europe) BV & IQ Martrade of Germany, from 2006 to 2013. TMILL’s arena of services includes Shipping, Port Operations, Freight Forwarding, Harbour Services and CHA & Inland Logistics.
Mr. Bose is the current Chairman of CII Urbanization and Future City Subcommittee and the past Chairman of the CII Infrastructure & Shipping Sub Committee. He is also an Executive Committee Member of Indian Chamber of Commerce, besides being a Board member of Dhamra Port Company Ltd.
Mr. Bose is an Engineer from the Indian School of Mines and a Post Graduate from the Indian Institute of Management, Calcutta. In 2002, he was nominated by Tata Steel for the CEDEP Executive Development program in INSEAD, France and also attended the Tata Group Strategic Leadership Seminar in 2005.
Mr. Chaudhary joined Tata Steel in 1988 as Graduate Engineer Trainee in the Raw Material Division at Jharia, Dhanbad, India. After working in various capacities in the Raw Material Division, he was transferred to the Total Quality Management and Business Excellence Group at Jamshedpur, India, where he was responsible for working with various divisions of Tata Steel to obtain ISO-9000 certification among other initiatives of employee involvement. He then headed Tata Steel’s Corporate Affairs office in New Delhi, India as Chief Resident Executive and, on November 1, 2013, was appointed to his present role as Group Director - Corporate Communication & Regulatory Affairs.
Mr. Chaudhary is a Bachelor of Engineering (Honours) in Mechanical Engineering from Biria Institute of Technology & Science (BITS), Pilani, India, and attended the Executive MBA Program at CEDEP, France, the Tata Group Leadership Program conducted by the University of Michigan Ross School of Business, and the Young Managers’ Program at INSEAD, France.