The Board of Directors has established three committees:

• Audit Committee
• Compensation & Corporate Governance Committee
• Quality, Health, Safety & Environment Committee

The Audit Committee is responsible for overseeing Technicoil's accounting and financial reporting processes, including the audit process, internal controls and compliance with related legal and regulatory requirements. The Committee has independent access to the company's auditors and is empowered to investigate any matter, with full access to all books, records, facilities and personnel of the company.

Members: Leonard A. Cornez (Chair), Roderick W. Graham, Edward C. Grimes, Andrew B. Zaleski

The Compensation & Corporate Goverance Committee is responsible for reviewing Technicoil's director and executive compensation plans as well as any changes to significant compensation programs adopted by the company. This level of involvement is designed to ensure that Technicoil's policies and compensation programs are competitive and motivating, and assist Technicoil in attracting and retaining executive officers and other key employees.  In all its deliberations, the Committee takes into account the cost of executive compensation and the interests of the shareholders. The Committee is also responsible for assessing the performance of the Board, its committees and individual directors, and overseeing the development of Technicoil's policies and procedures related to corporate goverance matters.

Members: Roderick W. Graham (Chair), Edward C. Grimes, Robert D. Steele



The Quality, Health, Safety & Environment committee is responsible for monitoring and reviewing the company's systems and policies addressing key risks in the areas of health, safety and the environment.

Members: Andrew B. Zaleski (Chair), Arthur E. Dumont