At Orla, we believe that effective corporate governance protects employees and shareholder value. Our Board of Directors are committed to upholding the highest standards of governance for the successful operation of the Company. For more information on our approach to corporate governance, including Board documents and Corporate Policies, see Governance.
Orla’s Board of Directors is comprised of a group of experienced professionals with backgrounds in a variety of disciplines including law, accounting, finance, engineering, and geology, who are elected by the Company’s shareholders and who are responsible for the stewardship of the business and affairs of the Company. Each Board member has vast experience within the mining industry in various disciplines creating a technically diverse Board that contributes to the oversight of Management. The Board uses committees to engage management at a detailed level in the key aspects of the Company including governance, environment, health and safety, social, compensation and audit matters.
The Environmental, Sustainability, Health and Safety Committee is responsible for assisting Orla’s Board of Directors in fulfilling its ESG oversight role. The committee is responsible for environmental, health and safety, and sustainability factors and reviews performance, regulations, and pro-active efforts by Management on a quarterly basis and reports to the rest of the Board.
Executive compensation is directly linked to our ESG performance, including lost time injury rate, environmental incidents and the development of a community program.
Our Management Information Circular contains additional disclosure on our corporate governance practices, including the link between ESG metrics and executive compensation.