Sign up

Sustainability

Governance

NOVAGOLD approaches the disclosure of our ESG and sustainability performance pragmatically, disclosing benchmarks that we believe are the most relevant measurements of our performance. We are committed to maintaining robust corporate governance practices that enable us to achieve our company goals and maintain the trust and confidence of our investors, employees, regulatory agencies, and other stakeholders. We recognize the importance of consistent, transparent, and proactive communication, and feel that facilitating our stakeholders’ opportunities to share their perspectives with us help deepen our understanding of their interests, concerns, and priorities.

Our independent corporate governance and nominating committee has recently used robust searching procedures to augment our board’s diversity by gender, ethnicity, and age — while ensuring an already excellent standard of competence and skill. We’ve adopted a diversity mandate at both the management and board levels, and periodically review our processes for adherence to all mandates and policies. We’re constantly reviewing the best practices available to find applicable initiatives that suit our corporate goals for continuous improvement. And we’re pleased not only with our progress, but also with the benefits this top-of-mind perspective and prompt execution of initiatives has given to NOVAGOLD.

Sharon Dowdall
Corporate Governance and Nominations Committee Chair
NOVAGOLD RESOURCES INC.

Greg Lang and Dan Graham, Donlin Gold’s General Manager
NOVAGOLD President and CEO Greg Lang with Pathfinder pilot Cullen Lester at the NOVAGOLD & Barrick site visit in September 2021.

NOVAGOLD establishes rigorous annual goals and discloses details of those goals for the upcoming year, as well as levels of achievement for the goals of the previous year, in its management information circular. The executive team and the board work together to set long-term strategic company goals and short-term annual goals. The assessment of performance against these goals is monitored regularly during the year by the board. At the end of each year, the board’s compensation committee leads the annual review of company goal-setting and performance, and executive performance evaluations, and makes recommendations regarding the executive and director compensation programs.

At NOVAGOLD we recognize the importance of having not only the right policies and practices in place, but also the relevant oversight and insight to global change as it pertains to the company and its project. This will ensure the company will continue to adjust and respond to our rapidly changing world and to best serve the company’s stakeholders.

NOVAGOLD is revisiting its established enterprise risk management (ERM) policies, transitioning to a fully integrated approach to ERM. This will incorporate sustainability-focused risks and actions into the complete risk profile and ensure they will be assessed and managed in conjunction with risks pertaining to finance, technology, legal, and other focus areas. Understanding the dependencies between risks and control strategies results in optimized business planning and identification of areas needing further challenge and scrutiny. NOVAGOLD’s ERM policies and practices are being integrated into our overall planning, strategy, and goals process, and will be reviewed regularly with the board.

The board is committed to sound corporate governance practices, which are in the interest of shareholders and contribute to effective and efficient decision-making. As part of the company’s commitment to effective corporate governance, the board, with the assistance of the audit and corporate governance and nominations committees, monitors changes in regulatory requirements and best practices. Strong corporate governance helps us achieve our performance goals and maintain the trust and confidence of our investors, employees, regulatory agencies, and other stakeholders.


CORPORATE GOVERNANCE SUMMARY

DIRECTOR INDEPENDENCE

BOARD LEADERSHIP

ACCOUNTABILITY AND SHAREHOLDER RIGHTS

BOARD PRACTICES AND GOVERNANCE

SHARE OWNERSHIP

BOARD OVERSIGHT OF RISK MANAGEMENT

Board committee breakouts

Annual
Report
Latest
Presentation
News
Sustainability

Sign Up

Powered by Blender