This purpose seeks to alleviate poverty by implementing targeted programs that improve the economic conditions of marginalized individuals and communities. This aims to promote equitable income, increase access to livelihood opportunities and provide essential resources for small and medium enterprises (SMEs) through collaboration, quality of life improvement and the economic stability promotion.
This purpose is a commitment to the long-term well-being of society and its people by investing in education, livelihood, healthcare and infrastructure in order to build human capital, enhance social services and create an environment where people can thrive. This purpose recognizes that sustained development requires an ongoing investment in the social fabric of communities.
This Purpose aims to empower individuals and communities to take control of their future. Education, training, competency enhancement and community engagement initiatives foster self-sufficiency and active collaboration in decision-making. It also seeks to equip empowered communities to address their complex challenges and contribute to their development.
This purpose is a commitment to preserving societal diversity and fostering a harmonious community united by shared core values and principles. It contributes to forging a society that is economically empowered and firmly rooted in guiding principles that steer its actions – which in turn, enables the community to contribute to the mission of “multiplying the bread” by optimizing resources and creating sustainable and inclusive growth for all.
This purpose is dedicated to fostering a sense of environmental stewardship within the community. It recognizes the inherent value of the environment, not just as a resource, but also as a vital component of one’s local identity and ecological well-being. This purpose seeks to instill in the community a deep sense of connection and appreciation for the nature. It aspires to pass on a protected natural legacy and a culture of love and respect for our surroundings to those who will inherit it.
This protects human rights and promotes security, health, and safety. It advocates the rights and dignity of all individuals and prioritizes their physical and mental well-being. By creating a safe and secure environment, this purpose establishes the necessary foundation for sustainable development.
Throughout its projects, TVI has continued to integrate sustainable business practices into its core strategies, striving to achieve the delicate balance between economic growth, social well-being, and environmental protection. The TVIRD ESG Report outlines the company’s key initiatives and progress in various areas, including but not limited to:
By undertaking this transformative journey towards transparency and accountability TVI seeks to fortify the foundation of trust and active engagement with its valued stakeholders. Its commitment extends to investors, partners, customers, employees, and the wider community with whom it shares the collective responsibility for the environment and society at large.
6 Purpose-Driven Social Development Programs
The 6Ps is a comprehensive set of purpose-driven social programs comprised of diverse initiatives to foster positive change and transformative mining – all geared towards achieving a sustainable future.
Each purpose plays a vital role in addressing specific needs and challenges, collectively working towards a more inclusive, empowered and self-sufficient community.
Transparency is an integral part of TVI Pacific’s management philosophy.
As such, TVI Pacific affirms its commitment to be more responsive to the increasing demand from all sectors of society for information and accountability regarding the Company’s goals, activities and results of its business.
The Board of Directors and management of TVI consider good governance to be vital for the effective operation of the company. The Board has overall responsibility for the conduct of the business and affairs of the Company and discharges this responsibility both directly and by the delegation of certain authority to committees of the Board and senior management of the Company.
Under the Business Corporations Act (Alberta), the Board of Directors is responsible for the management of the business and affairs of the Company. In addition to statutorily imposed responsibilities (e.g. approving published financial statements), the Board of Directors retains specific responsibility for: (i) the strategic direction of the Company; (ii) the identification of the principal risks to which the Company is exposed, and the implementation of systems to manage those risks; (iii) succession planning at the senior management level (including the Board of Director’s own composition); (iv) the Company’s communications policy; and (v) the integrity of the Company’s internal controls and management information systems. The Board of Directors does not have a written mandate; however, the Board of Directors is aware that it is responsible for the stewardship of the Company and engages with management of the Company in overseeing the Company’s affairs. Certain board responsibilities are delegated to various committees of the Board of Directors as follows:
The Audit Committee is responsible for reviewing the quarterly and annual financial statements and recommending their approval by the Board of Directors, and fulfills a similar function with respect to public offering documents, such as prospectuses. It also meets with the Company’s independent auditors to, among other things, review with the auditors the effectiveness of the Company’s internal controls and any other matters the auditors wish to bring to the Committee’s attention. In addition, the Committee is responsible for the maintenance and control of the Company’s “Whistle Blowing Policy”.
The Company’s Corporate Governance and Nominating Committee is responsible for reviewing the corporate governance practices of TVI and evaluating the same with reference to the Guidelines, recommendations of the Toronto Stock Exchange and others, along with responsibility for the review of the corporate governance practices of other peer group corporations and for identifying and recommending to the Board nominees suitable for election to the Board.
The Company’s Compensation Committee is responsible for reviewing and recommending the annual compensation of the senior officers of the Company, and for oversight of the Company’s compensation policies and practices. It also recommends all share option grants under the Option Plan.
Copies of TVI’s Corporate Governance Documents are available below:
