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Canada Life believes in the importance of good corporate governance and the central role played by directors in the governance process.

Canada Life believes that sound corporate governance is essential to the well-being of the Company, its shareholders and policyholders.

Canada Life is a subsidiary of Great-West Lifeco Inc. and is a leading Canadian insurer. In Europe, Canada Life has operations in the United Kingdom, Isle of Man and Germany, and Ireland through its subsidiary Irish Life.

Corporate governance practices are aligned between Canada Life and its parent company, Great-West Lifeco. All of the directors of Great-West Lifeco are also directors of Canada Life.

Canada Life has adopted similar Board and Board Committee mandates and governance structures and practices as Great-West Lifeco, which the Board of Great-West Lifeco monitors.