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 Real Estate Services Inc. 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 interests of the company.
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 Administrators. The company continues to assess its governance practices and disclosure in relation to evolving Canadian and U.S. guidelines.
The company’s governance policy includes charters for the board and for its standing committees, the audit and governance committees. The board believes that board committees assist the effective functioning of the company’s board of directors and help ensure that the views of independent directors are effectively represented. Only independent directors sit on the board’s committees. For the full text of Brookfield Real Estate Services’ current corporate governance policy, please refer to our Corporate Governance Policy in the Related Links section to the right.