Governance

The board meets quarterly to review operating and financial results and when required to consider other matters.

Relationship with CN Pension Trust Funds

The Manager of Freehold is a wholly-owned subsidiary of Rife Resources Ltd., which is 100% owned by the CN Pension Trust Funds. The CN Pension Trust Funds (the pension funds for employees of the Canadian National Railway Company) holds approximately 27% of Freehold's common shares.

Governance Agreement

Management Agreement

Board Independence

Freehold has an eight-member board, the majority of whom are independent directors. The Chairman of the board is an independent director, as are the directors who chair the Audit, Compensation, and Governance and Nominating and Reserves committees.

Board Mandate

The board of directors (the Board) is committed to maintaining a high standard of governance. The Board has responsibility for the overall stewardship of Freehold Royalties Ltd. ("Freehold") and its controlled entities and discharges its responsibility by reviewing, discussing and approving Freehold's strategic planning and organizational structure, and supervising management, including retention of the Manager, with a view to preserving and enhancing the underlying value of the Company.

Board Mandate

Audit Committee Mandate

Compensation Committee Mandate

Governance and Nominating Committee Mandate

Reserves Committee Mandate 

Policies

Policies are in place to ensure that:

  • Freehold has consistent standards and procedures for communication of both material and non-material information;

  • Communication of material information to the investing public (whether positive or negative) is timely, factual and accurate, and is broadly disseminated in a non-selective manner in accordance with all applicable legal and regulatory guidelines; and

  • The directors and officers of Freehold and the employees of the Manager have been given guidelines regarding trading in securities of Freehold, including mandatory blackout periods.

Code of Business Conduct and Conflict of Interest Policy

Disclosure Policy and Disclosure Committee Mandate

Donation Committee Policy and Guidelines

Insider Trading Policy

Whistleblower Policy

Environment, Health & Safety Policy

Majority Voting Policy