Governance Policies

Northland Power Income Fund (the Fund) has adopted a number of policies to ensure all employees, directors and the Board of Trustees (Board) fulfill their responsibilities consistently, honestly and fairly and comply with all applicable laws and regulations.

Code of Business Conduct and Ethics: Covers confidentiality, conflict of interest, compliance with laws and regulations and fair dealing for all representatives, officers, directors and trustees of the Fund and all entities it controls.

Disclosure and Trading Policy: Governs the use and public dissemination of Fund information to create consistent disclosure practices so the Fund meets its disclosure obligations under securities laws and Toronto Stock Exchange rules.

Audit Committee Charter: Guides the Board in fulfilling its responsibilities for overseeing accounting and financial reporting, internal controls and management information, risks and risk management, the external audit process and compliance with all applicable laws and regulations.

Governance and Nominating Committee Charter: Guides the Board in governance issues, recommending new Board candidates and committee nominees, assessing the effectiveness of the Board, its committees and members, orienting new members and advising on Board compensation matters.

Mandate for the Board of Trustees: Provides for the Fund Board of Trustees responsible for the stewardship of the Fund and all the entities it controls.

Financial Integrity Policy: Outlines the procedure established by the Board for the confidential, anonymous submission by employees of any concerns regarding questionable accounting, financial reporting or auditing matters.