Committees

To find out more about our Committees, please select from the list below.

Audit Committee of the Trust Board

The Audit Committee of the Trust Board is responsible for accounting and financial reporting practices and procedures, adequacy of internal accounting and financial reporting controls and procedures, and quality and integrity of financial statements of the Trust.

The full responsibilities of the Audit Committee of the Trust Board are set out in a written charter, which is reviewed annually by the Board. The charter is available for review under the Charters & Policies section.

Applicable law and the Declaration of Trust requires the Board to have an Audit Committee consisting of at least three Trustees, each of whom must be independent and “financially literate” within the meaning of NI 52-110. The Committee currently consists of three Trustees:

Audit Committee of Trust Board members: Amar Bhalla, David Kaufman and Karine MacIndoe (Chair).

Audit Committee of the GP Board

The Audit Committee of the GP Board is responsible for:

  • monitoring Dream Alternatives Master LP’s systems and procedures for financial reporting and internal controls and the performance of the external auditors;
  • recommending to the GP Board the firm of chartered professional accountants to be nominated for appointment as the external auditor; and
  • approving the assignment of any non-audit work to be performed by the external auditor.

The full responsibilities of the Audit Committee of the GP Board are set out in a written charter, which is reviewed annually by the Board. The charter is available for review under the Charters & Policies section.

Applicable law requires the GP Board to have an Audit Committee consisting of at least three Directors, each of whom must be independent and “financially literate” within the meaning of NI 52-110. The Committee currently consists of four Directors:

Audit Committee of GP Board members: Amar Bhalla, Joanne Ferstman, David Kaufman and Karine MacIndoe (Chair).

Governance, Compensation and Environmental Committee

It is the responsibility of the Governance, Compensation and Environmental Committee, in consultation with the Chair of the GP Board, to:

  • assess from time to time the size and composition of the GP Board and the committees of the GP Board;
  • review the effectiveness of the GP Board’s operations and its relations with Dream, as asset manager;
  • organize an orientation program for new Directors;
  • assess on not less than an annual basis the performance of the GP Board, the committees of the GP Board and individual Directors;
  • review from time to time the statement of corporate governance practices;
  • review the environmental state of any real property investments;
  • establish policies and procedures to review and monitor the environmental exposure; and
  • review and recommend on an annual basis the compensation for the Directors.

The full responsibilities of the Governance, Compensation and Environmental Committee are set out in a written charter, which is reviewed annually by the Board. The charter is available for review under the Charters & Policies section.

The Committee currently consists of three Directors:

Governance, Compensation and Environmental Committee members: Amar Bhalla, David Kaufman (Chair) and Karine MacIndoe.

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