Corporate Governance
Our corporate governance practice relates to the activities of the Board and its Trustees who are elected by, and are accountable to, the Unitholders.
The Board encourages sound corporate governance practices designed to promote the well being and ongoing development of the Fund, having always as its ultimate objective the best long-term interests of the Fund and the enhancement of value for all unitholders. The Board also believes that sound corporate governance benefits the Fund and the communities in which it operates.
The Board is of the view that the Fund's corporate governance policies and practices, are comprehensive and consistent with the guidelines for improved corporate governance in Canada adopted by the Toronto Stock Exchange and Regulation 58-101 Disclosure of Corporate Governance Practices. Further information is available in the Fund's Annual Management Information Circular.
The Fund has a Corporate Disclosure Policy which summarizes its policies and practices regarding disclosure of material information to investors, analysts and the media. The purpose of this policy is to ensure that the Fund's communications with the investment community are timely, consistent and in compliance with all applicable securities legislation.
Great Lakes Hydro Income Fund has implemented a Code of Business Conduct and Ethics as a means of ensuring good corporate governance.