The Trust Board is, among other things, responsible for the following:
- overseeing the Trust’s overall long-term strategic-planning process and reviewing and approving the annual investment plan presented to the Trust Board by Dream;
- reviewing major strategic initiatives to determine whether Dream’s proposed actions accord with the long term goals of the Trust;
- overseeing the Trust’s relationship with Dream;
- reviewing and approving reports issued to Unitholders;
- promoting effective governance of the Trust;
- safeguarding the Trust’s equity interests, including through approving issuances of debt and equity securities and setting an appropriate distribution policy for the Trust; and
- reviewing and making decisions with respect to equity compensation plans of the Trust or changes to such plans.
Each of the members of our Trust Board is required to exercise the powers and discharge the duties of his or her office honestly and in good faith with a view to the best interests of the Trust and our Unitholders. In doing so, they must exercise the care, diligence and skill that a reasonable and prudent person would exercise in comparable circumstances.
The Trust Board is comprised of highly experienced business leaders, each with expertise in key areas of its activities, and each bringing with them a unique and valuable skill set.
The Declaration of Trust requires that all of the members of the Trust Board be an Independent Trustee in order to promote an alignment of the interests of the Trust Board with the interests of the Unitholders.
Independent Trustee
A Trustee that is independent within the meaning of NI 58–101. An Independent Trustee is one who is not an employee or executive officer of Dream and who is free from any direct or indirect relationship which could, in the view of the Board, be reasonably expected to interfere with independent judgment.
The Directors of Dream Impact Master GP (the “GP Board”) oversee management of the Trust’s assets held through Dream Impact Master LP.
The GP Board is, among other things, responsible for the following:
- overseeing the overall long-term strategic-planning process and reviewing and approving the annual investment plan presented to the GP Board by Dream;
- assessing the principal risks of investments and reviewing, approving and monitoring the systems in place to manage these risks;
- reviewing major strategic initiatives to determine whether Dream’s proposed actions accord with the long term goals of Dream Impact Master LP;
- overseeing Dream Impact Master LP’s relationship with Dream and reviewing matters relating to senior management and succession planning;
- assessing performance against approved investment plans;
- reviewing and approving reports issued to the Trust;
- promoting effective governance of Dream Impact Master LP; and
- safeguarding Dream Impact Master LP’s equity interests through the optimum utilization of Dream Impact Master LP’s capital resources, including through approving issuances of debt and equity securities and setting an appropriate distribution policy.
The GP Board is comprised of five members, a majority of whom are “independent” within the meaning of NI 58-101. Each member demonstrates expertise in key areas of Dream Impact’s activities, and each brings a unique and valuable skill set.
