Canadian Oil Sands’ goal in directing and managing its business is to enhance Unitholder value and operate with honesty and integrity. Good corporate governance is intrinsic to achieving this goal.

As part of its good governance, Canadian Oil Sands has established detailed terms of reference for its Board and committees. This section provides links to those terms of reference.

In addition, Canadian Oil Sands’ Board has adopted a code of ethics for its directors, officers and employees; implemented a number of policies, including an internal corporate risk policy aimed at managing risks; and, has amended its disclosure policies to enhance the level of internal control processes and information management systems.

More information on governance practices is available in Canadian Oil Sands’ management proxy circular.