Corporate Governance - Boardwalk REIT

The governance of our Trust is based on our guiding principles and the mandate of our Board of Trustees. These principles and values transcend through all Boardwalk Associates through their daily professional conduct. Boardwalk has clear policies in relation to corporate responsibility, including corporate governance and ethics, employee relations, audit and risk management.

Our Mission, Vision and Values as well as our Code of Conduct provide a framework for our Trustees and Associates when dealing with complex and sensitive issues that may arise in the normal course of business. These standards also serve to provide accountability to those who do not adhere to these values and standards.

As a Trust listed on the Toronto Stock Exchange (TSX), Boardwalk either meets or exceeds the guidelines set-out by the TSX regarding effective corporate governance. A detailed description of our corporate governance practices, as well as the disclosure required by the TSX, can be found in our 2006 Annual Information Form (AIF) filed on SEDAR in connection with our annual filing requirements.