Burgundy’s Independent Fund Governance Committee includes experienced and well-respected members of the Canadian business and investment community. The Committee’s mandate is to oversee all matters involving conflicts, whether real or perceived, between Burgundy and our Canadian Funds.

A copy of the annual Independent Fund Governance Committee’s Report to Unitholders is available upon request.

Mr. Arends is President of CreditWorx Lending Solutions, a division of FIS, which provides technology lending solutions for major financial institutions in North America. He has successfully managed both start-up and established companies. Mr. Arends is the former CEO of Security Life Insurance Company Limited and has extensive financial experience through his years as Chief Financial Officer of Counsel Trust, CanWest Trust and Morgan Trust in Canada. He was also one of the founders and Managing Directors of Lauridon Sports Management, Inc., which developed and managed sports and entertainment facilities. Mr. Arends holds undergraduate and MBA degrees from York University and is a Chartered Accountant.

Ms. Davidson has had a long and distinguished career in the investment industry. Most recently, she was a portfolio manager and financial analyst at AMI Partners Inc. until her retirement in 1999. She has also served on the boards of a number of prestigious not-for-profit organizations. Ms. Davidson received a Bachelor of Commerce from McGill University and holds the Chartered Financial Analyst designation. She brings a wealth of experience and knowledge to the IFGC.

Mr. Rocchi is Chief Executive Officer of Green Power Action Inc., an environmental finance firm that manages the Greening Canada Fund, Canada’s first voluntary carbon credit fund. He is a director and Vice-Chair of the Investment Industry Regulatory Organization of Canada and a member of that board’s Finance & Audit Committee. He is an external advisor to the Asset-Liability and Investment Committee of the Healthcare of Ontario Pension Plan Board of Trustees. Mr. Rocchi was a director of Market Regulation Services Inc. and chair of its Finance and Audit Committee from 2004 to 2007. He was Chief Executive Officer of Barclays Global Investors Canada in Toronto from 1997 to late 2004. From 1981 to 1987 he worked with Imperial Oil and Exxon, in a variety of financial management roles, in Toronto, New York, Miami and Calgary. He received an MBA in finance and a BA in economics from the University of Toronto.

ADVISORY BOARD


Burgundy’s independent Advisory Board includes highly respected members of the business and investment community. Board members draw upon their years of experience in order to provide their insights and opinions to the management team on the strategic direction and managed growth of the firm.

Burgundy Asset Management Ltd. has adopted the Code of Ethics of the CFA Institute (www.cfainstitute.org). All employees are required to uphold the spirit of the Code of Ethics and confirm their understanding and acceptance of it on an annual basis as a condition of their employment. Our commitment to good governance is also evidenced through our membership in the Canadian Coalition for Good Governance (www.ccgg.ca).

Registration: Burgundy Asset Management Ltd. is incorporated under the laws of Ontario, Canada. Burgundy is registered in all the provinces of Canada as a Portfolio Manager. Burgundy is registered as an Investment Fund Manager in the province of Ontario.

Custodian: RBC Dexia Investor Services Trust
Legal Counsel: Borden Ladner Gervais LLP
Corporate Auditors: Deloitte & Touche LLP