
Governance & ESG Framework

Governance & ESG Framework
Toromont’s Board of Directors built a strong governance framework that creates value for stakeholders, enhances long-term corporate sustainability and enterprise value and reduces business risk. Our Environmental, Social and Governance approach starts with our Board but accountability for sustainable business practices is shared company wide. The Board operates with three committees: Audit; Human Resources & Health and Safety; and Environmental, Social and Governance (“ESG”). Each committee contributes to Toromont’s sustainability but responsibility for comprehensive ESG oversight rests with the ESG committee. For the purpose of our Sustainability Report, the framework below refers to the ESG committee.
Operating within the foundation of our Values and Code of Conduct
Please see our annual Management Information Circular for complete details on the Board’s corporate governance practices and committees.
2021 Board Governance Snapshot
Size of Board | 9 |
Separate Chair and CEO Roles | Yes |
Percentage of Independent Directors | 90% |
Code of Conduct for Directors, Officers, Employees | Yes |
Director Stock Ownership Guidelines | Yes |
Policy on Share Trading and Hedging | Yes |
Comprehensive Board Assessment Process | Yes |
Average Age of Directors | 61 Years |
Average Board Tenure | 4 Years |
Board and Management Succession Plan | Yes |
Director Education Program | Yes |
Board Diversity & Leadership Policy | Yes |
Number of Women on the Board | 3 |
Say on Pay Advisory Vote | Yes |
Majority Voting Policy | Yes |
Our 2021 Sustainability Report
