Statement of Corporate Governance Practices
Corporate governance relates to the activities of a company's board of directors who are elected by and are accountable to the shareholders, and takes into account the role of management who are appointed by the board of directors and charged with the ongoing management of the company.
The board of directors of Brookfield Asset Management encourages sound corporate governance practices designed to promote the well being and ongoing development of the company, having always as its ultimate objective the best long-term interests of the
company and the enhancement of value for all shareholders. The board also believes that sound corporate governance benefits the company's employees and the communities in which the company operates. Through its board representatives,
the company encourages its operating affiliates to also adopt corporate governance policies appropriate for their particular circumstances.
The board is of the view that the company's corporate governance policies and practices are comprehensive and consistent with the guidelines for improved corporate governance in Canada adopted by Canadian Securities Regulators, the requirements of the New York Stock Exchange and the applicable provisions under the U.S. Sarbanes-Oxley Act of 2002. The company continues to assess its governance practices and disclosure in relation to evolving Canadian and U.S. guidelines.
