Since Provident's inception in 2001, the Board has developed and implemented corporate governance practices to ensure it has the authority, expertise, systems and processes to review and evaluate Provident's strategic direction, financial performance, operations and executive performance.

Provident's Board of Directors and Officers closely monitor governance and financial disclosure reforms and implement changes to Provident's governance policies and practices as necessary to ensure compliance with the Sarbanes-Oxley Act of 2002 (SOX), relevant new rules issued by the U.S. Securities Commission, the New York Stock Exchange, the Toronto Stock Exchange and other applicable regulatory authorities and industry best practices.

A complete description of Provident's corporate governance practices is set out in our 2008 information circular.