Communications and Public Disclosure

The Company's Disclosure Controls Policy (the "DCP") addresses the accurate and timely communication of all important information relating to the Company and its interaction with shareholders, investment analysts, other stakeholders and the public generally.

• The DCP is reviewed annually by the Board
• The DCP, public securities regulatory filings, press releases and investor presentations are posted on the Company's Web site
• The Board reviews all quarterly and annual consolidated financial statements and related management  discussion and analysis, the Company's earnings releases, management information circulars, annual information forms ("AIFs") and financing documents

Internal Controls

The Board requires management to maintain effective internal controls and information systems. The Board, with the assistance of the Audit Committee, oversees the integrity of the Company's internal control and information systems.

• The Audit Committee meets no less than five times a year with the Company's Chief Financial Officer and senior finance staff to review internal controls over financial reporting and related information systems  
• External auditors provide recommendations to the Audit Committee on an annual basis on the Company's internal controls and information systems

As of March 31, 2007, an evaluation was carried out, under the supervision of and with the participation of management, including the Chairman & CEO and the Executive Vice president & CFO, of the effectiveness of our disclosure controls and procedures as defined under Multilateral Instrument 52-109. Based on that evaluation, the Chairman & CEO and the Executive Vice president & CFO concluded that the design and operation of these disclosure controls and procedures were effective as of March 31, 2007. 

Back to Corporate Governance