Boucherville, Quebec-based RONA announced its Board of Directors has adopted a new policy designed to facilitate continuous improvement in its governance and compensation practices as well as enhanced communication with stakeholders.
In accordance with the new policy, RONA now publishes an overview of its governance and compensation policies on the Company’s website www.rona.ca/content/governance_investorrelations and will proactively communicate to stakeholders any significant changes.
“We adopted the new policy with the goal of continuously improving our governance and
compensation practices and meeting the expectations of RONA shareholders,” said Jean Gaulin, Chairman of the Board of Directors. “This pro-active approach reflects the Board’s commitment to maintaining high standards of corporate governance and transparency in line with evolving best practices."
Stakeholders will also be able to submit any recommendations or suggestions for improvements to RONA’s governance and compensation practices through the Corporate Secretary’s office.