Corporate Governance
We strive to ensure that we have sound corporate governance practices to maintain
investor confidence in the way in which we do business.
Corporate governance relates to the activities of an organization's board of directors
or trustees who are elected by and are accountable to the shareholders or unitholders,
and takes into account the role of management who are charged with the ongoing management
of the organization.
The board of trustees of the Brookfield Real Estate Services Fund encourages sound
corporate governance practices designed to promote the well being and ongoing development
of the Fund, having always as its ultimate objective the best long-term interests
of the Fund and the enhancement of value for all unitholders. The board also believes
that sound corporate governance benefits the Fund's stakeholders, including the
employees, the franchisees and the REALTORS® the Fund serves, and the people in the
communities in which the Fund operates.
The board is of the view that the Fund's corporate governance policies and practices
are consistent with the nine fundamental governance guidelines adopted by the Ontario
Securities Commission and eight other provincial securities commissions in 2005,
and with rules required for board audit committees. The Fund continues to assess
its governance practices and disclosure in relation to evolving Canadian and U.S.
guidelines and rules.
For more information on the Fund's corporate governance, see its Management Information Circular.