boardwalk real estate investment trust ... - Boardwalk REIT

-9-
National Policy 58-201, Multilateral
Instrument 52-110 and other
applicable guidelines for improved
corporate governance
The audit committee duties
should include oversight
responsibility
for
management reporting on
internal control. While it is
to design and implement an
effective system of internal
control, it is the
responsibility of the audit
committee to ensure that
management has done so.
Does the Trust
align
Yes
Governance proced
The Audit and Risk Management Committee, which has oversight
responsibility for management reporting on internal controls, requires
that management implement and maintain appropriate internal control
procedures. The committee meets with management to assess the
adequacy and effectiveness of these systems of internal control.
M.I. 52-110 contains a
higher independence
standard for members of the
audit committee, disallowing
any compensation to such
members other than board or
committee fees received
from the issuer.
Yes
None of the members of the Audit and Risk Management Committee
receives, directly or indirectly, any compensation from the Trust other
requisite unitholder approval at the Meeting, participation in the Plan
i
15.The board should implement
a system to enable an
individual trustee to engage
an outside advisor, at the
appropriate circumstances.
The engagement of the
outside advisor should be
subject to the approval of
the board or an appropriate
committee of the board.
Yes
Individual trustees may, with the approval of the Chairman of the
Board or from the entire Board, engage outside advisors at the
expense of the Trust.
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