New Gold is fortunate to be guided by an exceptional, high-calibre Board of Directors who differentiate us based on their collective experience across various disciplines.
The Board of Directors has overall responsibility for the conduct of business and affairs of New Gold and considers good governance to be an important factor in the effective operation of the Company.
The Board’s fundamental objectives are to enhance and preserve long-term shareholder value and to ensure that the Company meets its obligations on an ongoing basis and operates in a reliable and safe manner.
In performing its functions, the Board also considers the legitimate interests that its other stakeholders such as employees, customers and communities may have in the Company. Assistance in this regard is provided by the Health, Safety, Environment and Corporate Social Responsibility Committee of the Board.
In overseeing the conduct of the business, the Board, through the Executive Chairman and Chief Executive Officer, sets the standards of conduct for the Company.
At New Gold, we have always believed that the Company should be managed in an ethical manner and in keeping with high standards of social responsibility. This commitment is reflected in our Code of Business Conduct and Ethics and in our Health, Safety, Environment and Corporate Social Responsibility Policy. We also subscribe to the principles, including governance standards, set out by major domestic and international bodies such as the UN Global Compact on Human Rights.
Randall Oliphant is the Executive Chairman of New Gold, and was elected as Chairman of the World Gold Council in September 2013. He is also a director of Franco-Nevada Corporation. Since 2003, Mr. Oliphant has served on the boards of a number of public and private companies and not-for-profit organizations. From 2006 to 2009, he was Chairman of Western Goldfields Inc before its business combination with Newgold.
Robert Gallagher is the President and Chief Executive Officer of New Gold. Mr. Gallagher has worked in the gold industry for over 35 years, including executive roles with Placer Dome Inc. and Newmont Mining Corporation. Before the June 2008 business combination of Peak Gold, Metallica Resources and New Gold, Mr. Gallagher was the President and Chief Executive Officer of Peak Gold.
Pierre Lassonde is the Chairman of Franco-Nevada Corporation. He served as President of Newmont Mining Corporation and also served as a director and Vice Chairman of Newmont until 2007. Mr. Lassonde is a Member of the Order of Canada and was inducted into the Canadian Mining Hall of Fame in 2013.
The Honourable David Emerson is a Director and Public Policy Advisor. He has served as a minister in the Government of Canada, including as Minister of Foreign Affairs, Minister of International Trade and Minister of Industry. He also held a number of senior positions in the public service as well as in the private sector in British Columbia, and is Chairman of Maple Leaf Foods Inc.
Vahan Kololian is the founder and Managing Partner of TerraNova Partners LP, which invests in the industrial, services and resource sectors. He was co-founder and President of Polar Capital Corporation and Chairman of KK Precision Inc. Mr. Kololian also serves on the board of Manicouagan Minerals Inc., a public mineral exploration company.
Raymond Threlkeld is a Director and consultant on natural resource development. He has over 32 years of mineral industry experience and was President and Chief Executive Officer of Rainy River Resources Ltd. until its acquisition by New Gold in 2013. From 2006 to 2009, he was President and Chief Executive Officer of Western Goldfields Inc.
James Estey is the Lead Director of New Gold. He is the retired Chairman of UBS Securities Canada, and has over 30 years of experience in the financial markets. From 2002 to 2008, he was appointed President and Chief Executive Officer of UBS Securities Canada, after which he assumed the role of Chairman.
Martyn Konig has over 30 years of experience in investment banking and the commodity markets as well as extensive experience in the natural resources sector. Mr. Konig is Chief Investment Officer for T Wealth Management SA, and was Executive Chairman and President of European Goldfields Limited until its acquisition by Eldorado Gold Corp. in 2012.