Corporate Governance

Independence of Members of Board

The Board of Directors currently consists of five (5) directors, four (4) of whom are independent based upon the tests for independence set forth in Multilateral Instrument 52-110. Leslie O’Connor, David Neuhauser, Evan Templeton, and Doug Urch are independent. Wolf Regener is not independent by virtue of serving as CEO and President.

The audit committee is composed entirely of independent directors who meet with Kolibri’s auditors without management in attendance.

The independent directors exercise their responsibilities for independent oversight of management through the fully independent corporate governance committee and the appointment of an independent Chair of the Board of Directors.

The independent directors also have regular and full access to management.

Board of Directors