Independent Director and Audit Committee Chair — Project Expenditure

Canada·Mining & Metals·Mineral exploration· Vancouver·Posted 18 July 2026

Applications close 29 December 2026

Mineral exploration organisation in Canada

The problem this seat exists to solve

The chair will lead financial oversight where exploration programmes, contractor costs and project milestones shape the accounts. The central task is to ensure that expenditure reporting and project narratives remain consistent and that weak controls do not become normal practice in a small finance function.

Committee priorities

Review the treatment of exploration costs, commitments and estimates with appropriate technical accounting support.
Challenge contractor accruals, purchase approvals and the completeness of obligations arising from field activity.
Examine cash forecasts against programme commitments and realistic financing assumptions.
Track audit findings through remediation and assess whether recurring issues indicate insufficient finance capability.

Expenditure reviews should connect purchase orders, contractor progress, invoices and accruals, particularly where field teams hold information that finance receives late. The committee should ask how management identifies unrecorded commitments and verifies cut-off. A discrepancy between programme progress and recorded expenditure may indicate timing, incomplete information or a more substantive control issue. The chair should ensure that the explanation is investigated and that any remedy addresses the information flow, rather than simply adjusting the accounts at year-end.

Leading the oversight process

Coordinate an agenda that gives significant judgements enough time before filing decisions. Maintain a direct channel to the external auditor and encourage early escalation of disagreements. Ensure the board receives a clear explanation of unresolved matters rather than only an assurance that the reporting timetable is on track.

Candidate requirements

Qualified candidates should have substantial financial reporting and audit oversight experience, with public-issuer governance knowledge in Canada. Resource-sector familiarity is important, particularly where project activity is remote from the finance team. Accounting credentials or equivalent demonstrable expertise should be supported by evidence of committee-level judgement.

Selection evidence

Candidates should discuss how they have resolved a mismatch between operational reporting and financial records. Effective chairing will be visible in stronger expenditure controls, better-supported accounting conclusions and an audit process that surfaces issues early enough for the board to act.

Terms

Where the board sits: Vancouver, Canada
Applications close: 29 December 2026
Appointment: Board appointment
Time commitment in this market: Typically 6–9 board meetings a year plus committee cycles; resource issuers add site visits and a heavier technical-report load.

Before you apply — Canada

No nationality test applies to you. Whether residency matters depends entirely on where the company is incorporated — federal CBCA companies have a 25% resident-Canadian rule, Ontario and BC companies do not.

Residency test: 25% of directors of a CBCA corporation must be resident Canadians. Ontario abolished its equivalent requirement in 2021 and British Columbia has none.
Nationality test: None.
Work authorisation: A non-resident director attending board meetings does not require a work permit; board attendance falls within permitted business-visitor activity. Executive and interim operating roles require authorisation.
Tenure limit once appointed: No cap. NI 58-101 requires disclosure of whether the board has adopted term limits or other renewal mechanisms, and to explain why not if it has not.

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GIDX-CA-0147 — Independent Director and Audit Committee Chair — Project Expenditure

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