Woodbine Entertainment Group (WEG) is committed to the highest standards of integrity and corporate governance practices in order to maintain excellence in our daily operations and to promote confidence in our products and services.
We conduct business in a open, honest and ethical manner.
Responsibility for the Corporation’s governance structure and procedures rest with its Board of Directors, who in conjunction with an executive management team, establish governance standards that ensure ethical behaviour, based on the principles of accountability, responsibility and transparency.
The Board and Management are committed to acting in the best interest of horse racing and firmly believe that a healthy horse racing industry is dependent, first and foremost on the financial viability of racetracks. The racetracks provide the venue and the purse income upon which horse racing relies for its sustainability. Therefore, the decisions at the Board and Management levels are taken with the goal of enhancing the Corporation’s financial viability. Courses of action which might be viewed as beneficial to some component of the industry, but which are not financially prudent for the Corporation, will not be pursued. Only by adhering to this discipline can the Directors discharge their respective fiduciary obligations to the Corporation.
Integrity is vital to maintaining the confidence of wagering customers, particularly when customers have so many convenient, attractive, legal and illegal gaming alternatives. The Directors believe that WEG has the duty and obligation to protect its stakeholders by ensuring the integrity of WEG’s racing and wagering products.