About Vermilion

Vermilion is committed to maintaining strong corporate governance and disclosure practices and since 2007 has consistently ranked 1^st or 2^nd amongst its former energy trust peers and amongst the top 3 of all Canadian trusts in the Globe & Mail's annual Board Games survey.  The Globe & Mail survey ranks Canadian companies and income trusts based on governance practices that included board composition, shareholder rights, disclosure, accountability and total return performance.  The Board also has been ranked in the top ten out of 275 companies reviewed in Canadian Business Magazine's annual governance survey and recognized by the Canadian Coalition for Good Governance in their report on 2010 Proxy Disclosure Best Practices - Executive Compensation and Director Related Disclosure.

Vermilion's corporate governance practices have been established to conform with the provisions of National Instrument 58-201, Corporate Governance Guidelines ("NI 58-201"). Vermilion is committed to a high standard of corporate governance practices. The Board believes that this commitment is not only in the best interest of shareholders but that it also promotes effective decision making at the Board level. The Board is of the view that its approach to corporate governance is appropriate and complies with the objectives and guidelines relating to corporate governance set forth in NI 58-201.  In addition, the Board monitors and considers for implementation corporate governance standards that are proposed and/or enforced by the various Canadian regulatory authorities or which are published by various non-regulatory organizations in Canada. 
 
For a complete review of our Corporate Governance Guidelines, please refer to our most recent Information Circular