Our Corporate Governance Practices

Sound and effective corporate governance is essential to Methanex's long-term success and critical to the effective, efficient and prudent operation of the Company. Corporate governance means having processes and structures in place to provide the proper management and direction for Methanex's business affairs.

Our corporate governance practices are designed to ensure the independence of our Board of Directors, enabling them to supervise the management of the Company. Board independence ensures that Methanex is managed for the long-term benefit of our shareholders and other major stakeholders.

More information on our corporate governance practices can be found in our Information Circular (PDF) and the Chairman's Message on Corporate Governance contained in our 2007 Annual Report (PDF).

Board, Employee and Shareholder Alignment

We believe the alignment of Board members and management with shareholder interests promotes good corporate governance.

Share ownership guidelines for the Board and executive officers are as follows:

• Directors to own shares valued at 500 percent of their annual retainer
• President and CEO to own shares valued at 500 percent of annual base salary
• Other executive officers to own shares valued at 300 percent of annual base salary

Code of Business Conduct

Methanex has a Code of Business Conduct Policy (PDF) designed to provide employees and directors with a set of standards to assist them in avoiding wrong-doing and to promote honest and ethical behaviour while conducting the Company's business. It also provides a confidential "whistle-blower" hotline for reporting suspected violations of the Code.