GoldQuest maintains high corporate governance standards. The sub sections below show the composition and responsibilities of the Company’s committees, who report to the full board, and the individual charters are attached.
The Audit Committee has the authority to engage independent counsel, to set and pay compensation for advisors and to communicate directly with internal and external auditors. External auditors will report directly to the audit committee. The Audit Committee will be composed of a minimum of three members, all of whom are independent directors of the Corporation and are financially literate.
The Compensation & Nominating Committee will review and approve salary and benefits for the executives of the Corporation and compensation for the directors of the Corporation. The Corporation will develop policies for the compensation of its executives and directors. The Compensation Committee will be responsible for:
The Technical Committee assists the Board in fulfilling its oversight responsibilities with respect to: