Corporate Governance

Director Affiliations and Attendance

Additional information relating to our Directors, including a list of all public companies, and certain private companies, for which they serve as board members, as well as their attendance records for all Board and Committee meetings for the year ended December 31, 2011, can be found in the Corporation’s 2012 Management Proxy Circular.

The Corporation believes that the interests of the Corporation, a holding company, are well served by the experience of and expertise in the affairs of its group companies that is brought to the Corporation by those Directors who also serve on the boards of affiliates. Their presence enriches the discussion and enhances the quality of governance of the Corporation’s Board and at the other group boards on which they serve.

(Source: March 2012 Management Proxy Circular)