The Board of Directors (the "Board") assumes responsibility for the stewardship of the Company, acting as a whole and through its committees, and has approved a formal Board Governance Manual (the "Mandate") including terms of reference for the Board and setting forth the Board's stewardship responsibilities and other specific duties and responsibilities. The Board's responsibilities are also governed by:

• The Business Corporations Act (British Columbia)
• The Company's articles
• The charters of its committees
• Other corporate policies and applicable laws

The following links will provide you with important information about Canaccord's practices relating to corporate governance.

• Board of Directors
• Board Mandate
• Executive Team
• Summary of Charters and Committees
• Disclosure Controls Policy
• Corporate Structure
• Code of Business Conduct and Ethics
• Canaccord Whistleblower Policy