Compliance and Operational Initiatives by BEI and the Board Sample Clauses

Compliance and Operational Initiatives by BEI and the Board. 46. As previously noted, on February 18, 2004, Xxxxxxxxx became the President and CEO of BEI. When he arrived at the BEI, the company had not had a Toronto- based CEO for approximately eighteen months. After evaluating BEI’s operations, Xxxxxxxxx developed his near- and long-term strategic and operational priorities. More specifically, he concluded that it was necessary to restructure BEI’s finance and sales operations. To that end, in July 2004, he hired as BEI’s CFO Xxxxxx Xxxxxxxxx. Xxxxxxxxx assumed his duties in September 2004. XXX also hired Xxxxx Xxxx as Corporate Controller in January 2005. Under her supervision, the Company has transferred all files from the Vancouver office to a new financial control system in the Oakville office. It has also transferred audit responsibilities from KPMG LLP’s Vancouver office to its Toronto office.
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