The Trust's corporate governance practices have been
established pursuant to the terms of the Trust Indenture
and with reference to the provisions of National Instrument
58-201, Corporate Governance Guidelines ("NI 58-201").
VRL is committed to a high standard of corporate governance
practices. The Board believes that this commitment is
not only in the best interest of Unitholders but that
it also promotes effective decision making at the Board
level. The Board is of the view that its approach to
corporate governance is appropriate and complies with
the objectives and guidelines relating to corporate
governance set forth in NI 58-201. In addition, the
Board monitors and considers for implementation by the
Trust the corporate governance standards which are proposed
and/or enforced by various Canadian regulatory authorities
or which are published by various non-regulatory organizations
in Canada.
For a complete review of our Corporate Governance Guidelines,
please review our most recent
Information Circular
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