This excerpt taken from the GSIG DEF 14A filed Apr 25, 2005.
The Toronto Stock Exchange Committee on Corporate Governance in Canada has issued a series of guidelines for effective corporate governance. The guidelines address matters such as the constitution and independence of corporate boards, the function to be performed by boards and their committees and the effectiveness and education of board members. The Toronto Stock Exchange has adopted as a listing requirement the disclosure by each listed corporation of its approach to corporate governance with reference to the guidelines. The Companys Board of Directors and senior management believe that good corporate governance is important to the effective and efficient operation of corporations. The Companys disclosure of its corporate governance practices is set out in tabular form and attached to this management proxy circular as Schedule D.