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 and its shareholders.
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 interests of the company.
The board believes that our corporate governance policies and practices are comprehensive and consistent with the guidelines for improved corporate governance in Canada adopted by the Canadian Securities Administrators and the Toronto Stock Exchange, as well as the requirements of the U.S. Securities and Exchange Commission, 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.
For the full text of Brookfield's current corporate governance practices, please click on the Statement of Corporate Governance Practices.