The Reserves Committee assists the Board in meeting their responsibilities to review the qualifications, experience, reserve evaluation approach and costs of the independent engineering firm that performs ARC’s reserve evaluation and to review the annual independent engineering report. The committee reviews and recommends for approval by the Board on an annual basis the statements of reserve data and other information specified in national Instrument 51-101. 

## HUMAn RESOURCES AnD COMPEnSATIOn COMMITTEE 

The Human Resources and Compensation Committee assists the Board in fulfilling its oversight responsibilities with respect to overall human resource policies and procedures; the compensation program for ARC; and in consultation with the Board, undertakes an annual performance review with the CEO, and reviews and approves the CEO’s appraisal of the other executive officers’ performance. The committee also reviews and recommends for approval to the Board the principal compensation plans of ARC, such as the long-term incentive program and any awards under such plans. 

## HeAltH, sAfety And enVironMentAl coMMittee 

The Health, Safety and Environmental Committee assists the Board in its responsibility for oversight and due diligence by reviewing, reporting and making recommendations to the Board on the development and implementation of the policies, standards and policies of ARC with respect to the areas of health, safety and environment. 

The Policy and Board governance Committee assists the Board in fulfilling its oversight responsibilities with respect to reviewing the effectiveness of the Board and its Committees; developing and reviewing ARC’s approach to board governance matters;and reviewing, developing and recommending to the Board for approval procedures designed to ensure tha t the Board can function independently of management. The committee reviews the need to recruit and recommend new members to fill Board vacancies based on a variety of criteria, and recommends to the Board the nominees for election at each annual meeting. The effectiveness of individual board members and the Board is reviewed through a yearly self assessment and inquiry questionnaire. 

The Risk Committee was formed in early 2008 to assist the Board in fulfilling its oversight responsibilities with respect to identifying and reviewing the principal business, financial and other risks of the corporation. Included in the mandate is the review of guidelines, policies and reports from Management with respect to risk assessment, risk management and risk mitigation. 

## policy And BoArd goVernAnce coMMittee 

MeMbeRs:  Walter DeBoni (Chair), Herb Pinder, Michael Kanovsky and Mac van Wielingen. 

MeMbeRs:  Michael Kanovsky (chair), Walter DeBoni, Fred Dyment and Mac van Wielingen. 

MeMbeRs: James Houck (Chair), Fred Dyment, and Michael Kanovsky. 

MeMbeRs:  Herb Pinder (Chair), Kathleen O’neill and Mac van Wielingen. 

MeMbeRs: Hal Kvisle (Chair), James Houck and Herb Pinder 

There were five meetings of the committee in 2010. 

There were nine meetings of the committee in 2010. 

There were four meetings of the committee in 2010. 

There were five meetings of the committee in 2010. 

There were six meetings of the committee in 2010. 

## RESERvES COMMITTEE 

## risK coMMittee 

