The Trust’s Board is committed to maintaining a high standard of corporate governance. The Board has responsibility for the overall stewardship of the affairs of the Trust and discharges such responsibility by reviewing and discussing the Trust’s investments, and in particular, the Trust’s interest in Fording (GP) ULC and monitoring the stewardship of Fording (GP) ULC by Fording (GP) ULC’s board of directors. The Board has adopted guidelines to assist it in its corporate governance responsibilities.