boardwalk real estate investment trust ... - Boardwalk REIT

-7-
National Policy 58-201, Multilateral
Instrument 52-110 and other
applicable guidelines for improved
corporate governance
All of the members of the
audit committee should be
financially literate and at
least one member should
have accounting or related
financial expertise.
Does the Trust
align
Yes
Governance proced
All members of the Audit and Risk Management Committee are
financially literate and two members of the committee have
accounting or related financial expertise including the Audit and Risk
Management Committee Chairman.
The board shall determine
whether a member of the
audit committee meets the
definition and criteria for
Yes
In considering criteria for determinations of financial literacy, the
Board looks at the ability to read and understand a balance sheet, an
income statement and a cash flow statement of a real estate company
that present a breadth and level of complexity of accounting issues
that are generally comparable to the breadth and complexity of the
financial statements.
-110, which requires each
independent of management.
The board should adopt a
charter for the audit
committee which sets out
roles and responsibilities of
the audit committee which
should be specifically
defined so as to provide
appropriate guidance to
audit committee members as
to their duties.
Yes
The Audit and Risk Management Committee assists the Board in its
oversight of the integrity of th
internal controls and compliance with legal and regulatory matters.
The Audit and Risk Management Committee has a charter, the entire
incorporated herein be reference and which AIF can be found in its
entirety on SEDAR at www.sedar.com.
Subject to the powers of the
of trust to appoint and revoke the appointment of the external
auditors, the Audit and Risk Management Committee has the
authority and responsibility to recommend the appointment and
revocation of appointment of the external auditors and to fix their
remuneration.
The Audit and Risk Management Committee is directly responsible
for the oversight of the work of the external auditors, including
resolution of disagreements between management and the external
auditors regarding financial reporting.
287703 V1