Governance

Manitoba Telecom Services Inc.

Highlights

• The Board of Directors held 15 meetings during 2006. The Committees of the Board also convened several meetings. There were seven meetings of the Audit Committee, six meetings of the Governance & Nominating Committee, and six meetings of the Human Resources & Compensation Committee.
• Each meeting of the Board of Directors includes an in-camera session at which the Chief Executive Officer, who is also a director, is not present.
• The Charters of each of the Committees of the Board of Directors were reviewed in 2005, 2006 and 2007 to ensure compliance with applicable regulatory requirements and appropriate governance practices.

Our corporate governance policies and practices are based on stewardship principles through which we uphold our commitments to all our stakeholders, including shareholders, the communities in which we operate, and our customers, suppliers and employees. Those principles include board independence, accountability, clarity of roles, effectiveness of strategy, prudence in risk management, leadership, ethical culture, and integrity of financial disclosure. Over the years, Manitoba Telecom Services Inc. has built a solid reputation for good governance, striving to ensure that interactions between the Board and senior management result in the implementation of prudent accounting policies, ethical competitive strategies, and operating practices that comply with all laws and regulations.

 Learn more about our corporate governance statement.