Charter of the Risk Policy Committee

Mission
Membership
Authorities and responsibilities

Mission
The Risk Policy Committee is responsible for oversight of the CEO's and senior management's responsibilities to assess and manage the corporation's credit risk, market risk, interest rate risk, investment risk, liquidity risk and reputational risk, and is also responsible for review of the corporation's fiduciary and asset management activities.

Membership
The Risk Policy Committee shall be composed solely of non-management directors.

Authorities and responsibilities
The Risk Policy Committee is responsible for oversight of the CEO's and senior management's responsibilities to assess and manage the corporation's credit risk, market risk, interest rate risk, investment risk, liquidity risk and reputational risk. In performing this oversight, the Risk Policy Committee shall:

The committee is also responsible for oversight of the corporation's fiduciary and asset management activities, and in that capacity it reviews the oversight structure for fiduciary activities, reviews general policies and receives reports regarding these activities.

The Risk Policy Committee shall review, at least annually, the committee's charter and recommend any proposed changes to the Board for approval. The Risk Policy Committee shall prepare, and report to the Board the results of, an annual performance evaluation of the committee, which shall compare the performance of the committee with the requirements of this charter.