A Commitment to Best Practices in Corporate Governance

Educators Financial Group's senior management and the Educators Financial Group Board have placed corporate governance at the top of their priority list. We believe that adhering to 'best practices' in the area of corporate governance will insure that clients' and shareholder interests are both protected and enhanced.

Ownership: Educators Financial Group Inc. (Educators Financial Group) is a 100% wholly owned subsidiary of the Ontario Secondary School Teachers' Federation (OSSTF).

There are up-to-date Corporate By-laws in place which, along with a unanimous shareholder agreement, govern the activities of the Board and the Officers of Educators Financial Group.

During 2008, the Educators Financial Group Board of Directors continued its efforts to meet the best practices of corporate governance:

• The Board is comprised of highly qualified individuals with many years of experience in the financial services industry.
• Three of six Board members are from outside the education community and therefore bring different experiences to strengthen the board.
• Five directors have earned the accreditation of Chartered Director (C.Dir.) from the Directors College.
• In accordance with best practice, the Board has revised its governance model and improved the committee structure.

The Board of Directors holds regular committee and board meetings throughout the year in order to discharge their duties.

Proxy Voting Record 2010