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Governance

CORPORATE GOVERNACE

Mountain Province Diamonds is strongly committed to the highest standards of ethics and governance. The Company adheres to corporate governance best practices introduced by the Canadian Securities Administrators in National Policy 58-201 and adopted by the Toronto Stock Exchange (TSX).

Mountain Province Diamonds also reviews and revises its best practices on a regular basis. This ensures the Company continues to be up to date on market regulation and investor expectations.

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MOUNTAIN PROVINCE DIAMONDS’ BOARD COMMITTEES

Mountain Province Diamonds has three board committees that act independently of management and have wide ranging responsibilities. They are:

  • Audit Committee
  • Compensation Committee
  • Corporate Governance Committee
AUDIT COMMITTEE

This committee meets with independent auditors to review financial reporting, internal accounting, financial controls and audit procedures. The committee also reviews the Company’s annual report, financial statements and other regulatory documents for public distribution.

MPD MAJORITY VOTING POLICY

COMPENSATION COMMITTEE

This committee meets with the Company’s President to review the compensation of executives and make recommendations to the Board.

MANDATE OF THE COMPENSATION COMMITTEE

CORPORATE GOVERNANCE COMMITTEE

This committee is responsible for developing the Company’s approach to corporate governance. This includes the mandate, size and composition of the Board and committees. The committee also assesses the effectiveness of the Board, its members and the role of all three committees.

MANDATE OF THE CORPORATE GOVERNANCE COMMITTEE

MPD BUSINESS POLICIES

BUSINESS CONDUCT POLICY

Mountain Province Diamonds has a Business Conduct Policy to ensure that directors, officers, employees and consultants of the Company conduct themselves ethically at all times.

BUSINESS CONDUCT POLICY

WHISTLEBLOWER POLICY

As a public company, the integrity, transparency and accountability of the financial, administrative and management practices of Mountain Province Diamonds Inc. is critical. This guides the decisions of the board of directors of the Company and is relied upon by shareholders of the Company and the financial markets. For these reasons, it is critical for the Company and its subsidiaries to maintain a workplace where concerns regarding questionable business practices can be raised without fear of any discrimination, retaliation or harassment.

Individuals who become aware of a violation or potential violation of the Code of Conduct and Ethics can report their concerns in confidence as follows:

CEO@MOUNTAINPROVINCE.COM
CHAIRMAN@MOUNTAINPROVINCE.COM
AUDITCHAIR@MOUNTAINPROVINCE.COM

MOUNTAIN PROVINCE DIAMONDS’ WHISTLEBLOWER POLICY

EXTRACTIVE SECTOR TRANSPARENCY MEASURES ACT

For the fiscal year ended December 31, 2017, the Company and its subsidiaries did not have any direct reportable payments of $100,000 or more to any levels of Government in Canada and abroad as defined under the Extractive Sector Transparency Measures Act.

REPORT FOR FISCAL YEAR END, DECEMBER 31, 2019

REPORT FOR FISCAL YEAR END, DECEMBER 31, 2018

Board Mandate

BOARD MANDATE

Natural diamonds from Canada’s North, creating value and respecting the invaluable.

60.60 Carat Vivid Yellow Rough Diamond