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Corporate Governance Policy and Disclosure Rule Finalized


Area Corporate Finance and Securities, REITs and Income Securities


Canadian securities regulators have recently released National Policy 58-201 Corporate Governance Guidelines (the "Policy") and National Instrument 58-101 Disclosure of Corporate Governance Practices (the "Instrument"). It is expected the Instrument and the Policy will come into force on June 30, 2005.

Once the Instrument and Policy are in force, the TSX Company Manual will be amended so that the current TSX governance guidelines applicable to listed issuers will be replaced by a requirement to comply with the Instrument.

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