Meeting Summary

Audit & Actuarial Committee - February 8, 2017

2017 Audit & Actuarial Committee Work Plan

The Audit & Actuarial Committee mandate requires the Committee to establish its work plan annually. The work plan describes how the Committee will meet its mandate obligations.

The AAC approved its 2017 Work Plan, which was prepared to comply with the Committee Mandate, as approved by the OAC Board at its meeting held on December 15, 2016.

Assurance & Advisory Charter

The Audit & Actuarial Committee mandate requires the Global Head of Assurance & Advisory (“Global Head, Assurance”) to review and, if appropriate, recommend to the Committee changes to the Assurance & Advisory Charter (the “Charter”).

Overall, there were no fundamental changes proposed since the Charter was last approved in February 2016.

Following a discussion and question period with the Global Head, Assurance, the AAC approved the Assurance & Advisory Charter, effective February 8, 2017.